{"id":31367,"date":"2018-10-27T13:18:44","date_gmt":"2018-10-27T07:48:44","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31367"},"modified":"2018-10-27T13:18:44","modified_gmt":"2018-10-27T07:48:44","slug":"cryptocurrency-trustless-nature-irks-regulators","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/cryptocurrency-trustless-nature-irks-regulators\/","title":{"rendered":"Cryptocurrency: \u2018trustless\u2019 nature irks regulators"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/cryptocurrency-trustless-nature-irks-regulators\/article22725407.ece\"><b>Cryptocurrency: \u2018trustless\u2019 nature irks regulators<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Last October, the Board of the International Organization of Securities Commissions (IOSCO) discussed the <\/span><b>growing usage of Initial Coin Offerings (ICOs) to raise capital as an area of concern.<\/b><\/li>\n<\/ul>\n<p><b>The risk factors:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">ICOs typically involve the <\/span><b>creation of digital tokens<\/b> <b>and using distributed ledger technology<\/b><span style=\"font-weight: 400;\"> and their <\/span><b>sale to investors in return for a cryptocurrency<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It also said that the term ICO, stems from <\/span><b>\u201cinitial public offering\u201d (IPO)<\/b><span style=\"font-weight: 400;\">, i.e. a floatation on a stock exchange.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">ICOs are highly speculative investments in which investors were putting their <\/span><b>entire invested capital at risk.<\/b><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In Budget 2018, the government <\/span><b>did not consider cryptocurrencies legal tender and would aim to eliminate their use in financing illegitimate activities<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Acquisition of cryptocurrency coins<\/b><span style=\"font-weight: 400;\"> may result in substantial risks for investors.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">These currencies are highlighted as <\/span><b>\u201ctrustless\u201d<\/b><span style=\"font-weight: 400;\"> nature and are <\/span><b>\u201cnot backed by anything real\u201d<\/b><span style=\"font-weight: 400;\"> such as gold.<\/span><\/li>\n<\/ul>\n<p><b>Conclusion:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Investors should go beyond the headlines and try hard to <\/span><b>understand the risks associated with investments in cryptocurrencies, as well as cryptocurrency futures contracts and other financial products.<\/b><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As ICOs are a highly speculative form of investment, investors <\/span><b>should be prepared for the possibility of losing their investment completely.<\/b><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency: \u2018trustless\u2019 nature irks regulators Context: Last October, the Board of the International Organization of Securities Commissions (IOSCO) discussed the growing usage of Initial Coin Offerings (ICOs) to raise capital as an area of concern. The risk factors: ICOs typically involve the creation of digital tokens and using distributed ledger technology and their sale to&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/cryptocurrency-trustless-nature-irks-regulators\/\">Continue reading <span class=\"screen-reader-text\">Cryptocurrency: \u2018trustless\u2019 nature irks regulators<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-31367","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704796117},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=31367"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31367\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}