“High risk”: British financial regulators issued ICO statement


nnnIn the wake of the wave of tight money financing, the UK Financial Market Behavior Authority has also issued a warning and suggested learning technical risks and benefits in the chain link research link of the official website. At the same time the United States, Singapore and other countries have also begun to closely monitor the relevant financial activities.n
nnTranslation: Annie_Xun
nThe Financial Behavior Authority (FCA) recently joined the Global Regulatory Authority and officially released ICO warnings.n
nFCO official website said, ICO contains “highly risky speculative investment”, because basically no supervision, may not be able to provide any form of protection.n
nWarns investors to report potential fraud to FCA, and advises the public to “learn more potential benefits and challenges in the bottom of ICO through a distributed book study link within the organization.”n
nThere are also similar statements in international financial regulation, such as the Securities and Exchange Commission, the Monetary Authority of Singapore, the Canadian Securities Administrators, the Malaysian Securities Commission, the Russian Central Bank (Bank of Russia), the People’s Bank of China and the Hong Kong Securities and Futures Commission (Securities and Futures Commission of Hong Kong).n
nEarlier this month, China’s financial regulators also issued an ICO ban.n

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