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In their declaration the FCA warned of the worldwide mother nature of the ICO’s space – with many new industry entrants based overseas – the sector must day remained a unregulated space which offers no investor protection, cost volatility, the prospect of fraud, and occasionally inadequate protection.
Broadly anticipated because of its positioning amidst what possesses been among the major sector bubbles, the heads of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) testify on some subjects including market place oversight, cost instability and the regulatory problems around first coin offerings (ICOs) and cryptocurrencies.
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