Artikel
The Initial Coin Offering (ICO) process: Regulation and risks
ICOs are very attractive for investors and issuers. ICOs allow funding raising in exchange for cryptographically secure tokens, which are a means of paying for future projects or services. However, there is insignificant regulation of this process all over the world. Some countries have banned crypto assets; others have allowed the free use of tokens but do not give them official status. In this paper, the authors present an overview of the legal regulation of ICOs in different countries, dividing them into three groups: in the first group are the countries with developed legal norms and rules for conducting ICO, they have the subsequent circulation of tokens on their territory; in the second group are the countries that are most friendly to ICOs; the third group of countries has a wait-and-see attitude. The author connect the insufficient law regulation and risks of ICOs in different countries. The types of ICO risks are divided into three main categories: financial, technical, and analytical. The main ways to reduce these risks, depending on their types, are highlighted in this study. They are connected with the improvement of the legal regulation of the publication of a White Paper, the KYC procedure, and the involvement of escrow agents.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 12 ; Pages: 1-7 ; Basel: MDPI
- Classification
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Wirtschaft
- Subject
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ICO
crypto asset
regulation of ICO
successful ICO
ICO risks
White Paper of ICO
ICO platforms
funding of ICO projects
- Event
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Geistige Schöpfung
- (who)
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Karpenko, Oksana A.
Blokhina, Tatiana K.
Chebukhanova, Lali V.
- Event
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Veröffentlichung
- (who)
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MDPI
- (where)
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Basel
- (when)
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2021
- DOI
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doi:10.3390/jrfm14120599
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Karpenko, Oksana A.
- Blokhina, Tatiana K.
- Chebukhanova, Lali V.
- MDPI
Time of origin
- 2021
Other Objects (12)
Initial Coin Offering (ICO) : Unternehmensfinanzierung auf Basis der Blockchain-Technologie
Eine empirische Analyse von Initial Coin Offerings (ICO)
IPO : eine Gesamtbetrachtung von Initial Public Offering
Blockchain investors : an empirical analysis of the behavior and composition of initial coin offering crowds
Börsenrechtliche Aspekte eines Initial Public Offering (IPO) in der Schweiz
Realoptionen im Investment-Banking : Mergers & Acquisitions, Initial public offering, Venture-Capital
Cultural communication differences in initial public offering documentation: The case of China
Exit timing of venture capitalists in the course of an initial public offering
Exit timing of venture capitalists in the course of an initial public offering
Does family involvement matter in initial public offering underpricing? Evidence from Saudi Arabia
Impact of insiders and outsiders of entrepreneurial firms on valuation in initial public offering
Ablauf eines Initial Public Offering an einer deutschen Börse und die Rolle des Abschlussprüfers
Initial Coin Offering (ICO) : Unternehmensfinanzierung auf Basis der Blockchain-Technologie
Eine empirische Analyse von Initial Coin Offerings (ICO)
IPO : eine Gesamtbetrachtung von Initial Public Offering
Blockchain investors : an empirical analysis of the behavior and composition of initial coin offering crowds
Börsenrechtliche Aspekte eines Initial Public Offering (IPO) in der Schweiz
Realoptionen im Investment-Banking : Mergers & Acquisitions, Initial public offering, Venture-Capital
Cultural communication differences in initial public offering documentation: The case of China
Exit timing of venture capitalists in the course of an initial public offering
Exit timing of venture capitalists in the course of an initial public offering
Does family involvement matter in initial public offering underpricing? Evidence from Saudi Arabia
Impact of insiders and outsiders of entrepreneurial firms on valuation in initial public offering
Ablauf eines Initial Public Offering an einer deutschen Börse und die Rolle des Abschlussprüfers
Initial Coin Offering (ICO) : Unternehmensfinanzierung auf Basis der Blockchain-Technologie
Eine empirische Analyse von Initial Coin Offerings (ICO)
IPO : eine Gesamtbetrachtung von Initial Public Offering
Blockchain investors : an empirical analysis of the behavior and composition of initial coin offering crowds
Börsenrechtliche Aspekte eines Initial Public Offering (IPO) in der Schweiz
Realoptionen im Investment-Banking : Mergers & Acquisitions, Initial public offering, Venture-Capital
Cultural communication differences in initial public offering documentation: The case of China
Exit timing of venture capitalists in the course of an initial public offering
Exit timing of venture capitalists in the course of an initial public offering
Does family involvement matter in initial public offering underpricing? Evidence from Saudi Arabia
Impact of insiders and outsiders of entrepreneurial firms on valuation in initial public offering