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US regulators just dealt a blow to the most hyped area in tech investing right now

July 26, 2017

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One of the most-hyped areas in tech investing right now looks certain to come under additional scrutiny after a decision by US regulators.

On Tuesday, the Securities and Exchange Commission (SEC) said that “ICOs” (Initial Coin Offerings) can sometimes be considered securities — and as such are subject to strict laws and regulations.

For the uninitiated, ICOs are a fancy new way of fundraising enabled by digital currencies like Ethereum — participants invest money and receive digital “tokens” in return.

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