Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), has published a consumer warning today on Initial Coin Offerings (ICOs).
BaFin said the purchase of cryptocurrency coins or tokens may result in substantial risks for investors calling them highly speculative. The agency said the high level of public interest in ICOs was attracting fraudsters.
Source/More: Germany Cautions on ICOs as BAFIN Says Offers are Attracting Fraudsters | Crowdfund Insider
