Germany’s Top Financial Regulator Warns Against Initial Coin Offering (ICO) Risks

Germany’s top financial regulator, the Federal Financial Supervisory Authority (BaFin) has issued a warning to investors bout the risk of investing in initial coin offerings (ICOs). This move makes BaFin the latest market watchdog to issue a warning on ICOs.

In its statement, BaFin warned investors about the various risks involved in ICOs and token sales.

Among the risks is the possibility of losing one’s entire investment. The agency also warned that the ICO as a funding model can “attract fraudsters” who may misrepresent their projects to prospective investors…

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