China Internet Finance Association: on the prevention of various types of ICO to absorb investment-related risks in the name of the tips


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nRecently, various projects that have been raised in the name of ICO (Initial Coin Offerings) have grown rapidly in the country, disrupting the socioeconomic order and creating a greater risk risk. To protect the legitimate rights and interests of the public, the relevant risk issues are as follows:n
nnFirst, some institutions at home and abroad use all kinds of misleading propaganda means to ICO in the name of engaged in financing activities, the relevant financial activities without any permission, which is suspected of fraud, illegal securities, illegal fund-raising and other acts. The majority of investors should remain sober, vigilant, beware of being deceived. Once found to have involved in illegal acts, should immediately submit to the public security organs.n
nnnSecond, due to ICO project assets are not clear, lack of investor appropriateness, a serious shortage of information disclosure, investment activities are facing greater risk. Investors should be calm judgments, be careful to take their own investment risk.n
nnnThird, China Internet Finance Association member units should take the initiative to strengthen self-discipline, to resist illegal financial behavior.n
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nChina Internet Finance Associationn
nAugust 30, 2017n

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