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Initial Coin Offerings are under Fire – from German Side

The Federal Financial Supervisory Authority, the main German financial regulator, has issued a warning about the risk of investing in the Initial Coin Offerings (ICOs). Among the numerous risks listed by the German watchdog there is even the risk of the total loss of the invested sum.
As well, ICO can attract scammers and fraudsters, who may involve investors in their “projects” and then disappear with the investors` money.

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