According to the digital currency news site CoinDesk, more than $2 billion was raised by way of initial coin offering (ICO) in 2017. But while believers see the development of ICOs as an example of technology being used to disrupt traditional venture and equity capital markets funding models, sceptics see baseless hype and another financial scandal around the corner.
This article examines the current trend for ICOs, the regulatory framework surrounding ICOs and the risks associated with ICOs.
Read the full article in PDF format here.
This article first appeared in the March 2018 issue of PLC Magazine.