The Commission on urgent exchange trade of the USA (CFTC) published a document with recommendations for potential investors in ICO projects and buyers tokens.
In the document of the Ministry reads that before buying a coin it is necessary to thoroughly examine their nature and to understand what factors can affect the price.
Also, the potential buyer should remember that depending on the structuring of some tokens can be derivatives, commodities or securities.
“It’s always a risk, no matter how well written whitepaper or business plan of the project. Your best protection is to carefully study the tokens and careful,” — said in the memo.
The manual also States that before investing in ICO you want to find information about the organizers of the project, and to learn, whether they participate themselves in their initial offering of coins.
Representatives of agencies also refer to a study according to which more than 50% of ICO startups ceased to exist during the first four months after the end of tomenselo.
“Beware of promises of quick enrichment or guaranteed returns. There are no investment guarantees c”, — stated in the recommendation.
Earlier ForkLog wrote that in may, the CFTC has published guidance for exchanges and clearing houses planning to start work in derivative financial instruments on the basis of cryptocurrency.