If you have heard of the term “ICO” but don’t know what it means, it has roots to the crypto industry and is basically the equivalent to an Initial Public Offering (IPO). An Initial Coin Offering (ICO) acts as a way to raise funds, where a company looking to raise money aims to create a new app, coin or service. Today, we are listing our latest ICO cryptocurrency predictions for the year ahead of us.
More Security Tokens Being Issued
One of the latest ICO cryptocurrency predictions revolves around the fact that more security tokens will be issued. The truth is, 2020 could very well see the replacement of traditional ICOs with security tokens. Now, most of the companies in the United States are expected to start their business with the new Security Regulations (2020) issued by the SEC.
Many of the experts in the latest cryptocurrencies news say that ICOs are bound to take a huge price boost in 2020. What started as a first public token sale by Master Coin in 2013 is now an industry which delivers millions of dollars to companies. Below, we are addressing the numbers.
More Than $7.5 Billion Was Raised Through ICOs In 2018
The latest ICO cryptocurrency stats show that more than $7.5 billion was raised through this concept in 2018, which means that the year 2020 will be the most promising year for the concept of ICOs. Again, it is a year which can make huge impacts on the entire industry.
What’s important to note is that ICOs are highly monitored and regulated in many countries because of the high number of ICO scams. As such, every country has its own jurisdiction and financial regulations.
How Will ICO Cryptocurrency Projects Be Regulated In 2020?
ICO regulation is a hot topic in 2020, especially with the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) continuously discussing the regulatory framework for ICOs.
Despite all of this, regulations are still in the early stages and the latest ICO cryptocurrency data shows there is no uniformity across the different countries. Another important thing to note is that 82.46% of the ICOs use Ethereum as a public and open-source protocol and a robust platform that promises many bright things ahead of us.
So, the blockchain news ahead may bring a lot of updates in the ICO sphere – stay tuned!
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