Chartering legal strategies for investor protection in initial coin offerings

While many securities regulators are still debating whether and, if so, how to regulate Initial Coin Offerings (ICOs), this new source of finance keeps growing worldwide. In 2017, companies raised around 3.7$ billion. In the first three quarters of 2018, this figure reached more than $17 billion. Th...

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Bibliographic Details
Main Author: Aurelio GURREA-MARTINEZ
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
Subjects:
Online Access:https://ink.library.smu.edu.sg/sol_research/3710
https://ink.library.smu.edu.sg/context/sol_research/article/5668/viewcontent/chartering.pdf
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Institution: Singapore Management University
Language: English
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Summary:While many securities regulators are still debating whether and, if so, how to regulate Initial Coin Offerings (ICOs), this new source of finance keeps growing worldwide. In 2017, companies raised around 3.7$ billion. In the first three quarters of 2018, this figure reached more than $17 billion. Therefore, despite the scepticism that some authors and regulators have raised about the use of ICOs, the truth is that the market is buying this product. With this in mind, I provide an outline of what kinds of legal strategies would be appropriate to protect purchasers and prospective purchasers of tokens, including purchasers of tokens that are not or would not be considered securities.