More ICO Warnings As EU Issues Two Regulatory Statements
(World News UK)

On Monday, investors and participating businesses were issued two additional warnings by European Union regulators about Initial Coin Offerings (ICOs), Cointelegraph.com reported. The European Securities and Markets Authority (ESMA) raised concerns ICOs may not conform to regulatory norms, the report said. A report description said `ESMA has observed a rapid growth in ICOs globally and in Europe and is concerned that investors may be unaware of the high risks that they are taking when investing in ICOs,` according to Cointelegraph. The statement added: `Additionally, ESMA is concerned that firms involved in ICOs may conduct their activities without complying with relevant applicable EU...