Jonathan Fairfield Posted September 15, 2017 Share Posted September 15, 2017 WARNING ON ICO The Securities and Exchange Commission, Thailand (SEC Thailand) has urged potential investors in an initial coin offerings (ICO) to better understand the benefits and risks associated with the ICO, according to the SEC Thailand release yesterday. In addition to the general risks faced by startups, investors will be exposed to heightened risks of price volatility, inadequate liquidity, cyber security, as well as potential fraud and scam. Given ICO's cross-border nature, legal protection and recourse for investors may be limited or not applicable in most cases. ICO refers to a digital way of raising funds from the public. In an ICO process, ICO issuer will offer digital tokens in exchange for cryptocurrency, such as Bitcoin or Ether. Source: http://www.nationmultimedia.com/detail/Economy/30326696 -- © Copyright The Nation 2017-09-15 Link to comment Share on other sites More sharing options...
JoePai Posted September 15, 2017 Share Posted September 15, 2017 Follow the Chinese lead and get out of Bitcoin and others Link to comment Share on other sites More sharing options...
12DrinkMore Posted September 15, 2017 Share Posted September 15, 2017 2 hours ago, JoePai said: Follow the Chinese lead and get out of Bitcoin and others The Chinese are still furiously mining away in Mongolia. https://www.techinasia.com/inner-mongolia-bitcoin-mine And consuming huse amounts of power. Quote the company’s Inner Mongolia mine has about 25,000 mining machines and consumes 800 megawatt hours per day. But I suspect that they are not hoarding the coins, but selling them to the West. Anything that can make a profit is made in China.... Link to comment Share on other sites More sharing options...
BuaBS Posted September 15, 2017 Share Posted September 15, 2017 7 hours ago, 12DrinkMore said: But I suspect that they are not hoarding the coins, but selling them to the West. To buy something of real value like Gold . Link to comment Share on other sites More sharing options...
connda Posted September 15, 2017 Share Posted September 15, 2017 7 hours ago, JoePai said: Follow the Chinese lead and get out of Bitcoin and others Signed, Jamie Dimon Link to comment Share on other sites More sharing options...
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