Hundreds of ICOs have raised billions around the world. Some were genuine while others were shut down by regulators for making false claims. A good example is Centra Tech that claimed it had partnered with Visa and MasterCard when it hadn’t. Blockchain projects have a close relationship with ICOs but what really gets on the nerves of lawmakers and regulators is the fact that someone created a digital currency from a computer. It is a good innovation but balance is calling out. So, why is Balance Required This new funding model has enabled startups to bypass traditional venture capital and raise funds. It is a good idea but at the same time, enthusiasts believe that it creates the potential for fraudulent activities where a lot of investors are drawn in and harmed. The enthusiasm still goes on and there is a need for a careful approach to come in. Why the Regulation Heat is on The US Securities and Exchange Commission, SEC, has taken action against several IC...
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