Initial coin offerings, or ICOs, are a new way to raise money for a blockchain-based business using cryptocurrencies. ICOs resemble other forms of crowdfunding because large groups of people are able to buy into the offerings.
You should understand ICOs and the risks that come with speculative investments before buying this type of crypto asset.
You should also be aware of the Fraud Warning Signs when looking to purchase any investment, including ICOs. If you think you’ve come in contact with an ICO scam, contact the BCSC. We may be able to help or refer your complaint to the appropriate agency.
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