88. Consider the following statements about ‘Initial Coin Offering (ICO)’:
1. ICO is an unregulated means of crowd funding of a project.
2. An Initial Coin Offering (ICO) is used by start-ups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.
3. In an ICO campaign, a percentage of the crypto currency is sold to early backers of the project in exchange for legal tender or other crypto currencies.
Which of the above statement(s) is/are correct?
88. Consider the following statements about ‘Initial Coin Offering (ICO)’:
1. ICO is an unregulated means of crowd funding of a project.
2. An Initial Coin Offering (ICO) is used by start-ups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.
3. In an ICO campaign, a percentage of the crypto currency is sold to early backers of the project in exchange for legal tender or other crypto currencies.
Which of the above statement(s) is/are correct?
The correct option is D All of the above
It is an unregulated means by which funds are raised for a new crypto currency venture. An Initial Coin Offering (ICO) is used by start-ups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the crypto currency is sold to early backers of the project in exchange for legal tender or other crypto currencies, but usually for Bitcoin.
Recently, The People’s Bank of China (PBC), central bank of China has banned individuals and organisations from raising funds through initial coin offerings saying that practice constituted illegal fund-raising
It is an unregulated means by which funds are raised for a new crypto currency venture. An Initial Coin Offering (ICO) is used by start-ups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the crypto currency is sold to early backers of the project in exchange for legal tender or other crypto currencies, but usually for Bitcoin.
Recently, The People’s Bank of China (PBC), central bank of China has banned individuals and organisations from raising funds through initial coin offerings saying that practice constituted illegal fund-raising
