New Zealand Watchdog Warns Investors Over Marketplace ICO

New Zealand’s financial markets watchdog has warned citizens from investing in a new initial coin offering (ICO).

Reportedly run by 19-year-old Ashutoush Sharma, online marketplace Sell My Good launched the ICO this week with the aim of raising 220 million New Zealand dollars (US$152 million).

According to local news source NZ Herald, the ICO, which is selling a unique token called SMG Cash, has already raised millions via the fundraising effort…

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