Like it or not cryptocurrencies are here to stay.
With the current estimated total global value of US$100 billion, cryptocurrencies are on a steep trajectory towards even greater growth as it now takes on the role of a real viable alternative to traditional start up and technology funding. Known as Initial Coin Offerings or ICOs, the fund raise meets not just the financial needs of the business but also offers broader based investment opportunities to the investing community in a segment previously populated by more traditional financiers like VCs.
Inextricably bound to blockchain on which cryptocurrencies have as its foundation, the continuing development of the robustness, reliability and security of blockchain will have a direct positive impact on cryptocurrencies.
The popularity of ICOs and the increasing amount of funds that is raised has not missed the attention of regulators. The US Securities and Exchange Commission has recently raised a view that cryptocurrencies raised by ICOs are securities, leading to a likelihood of greater regulation and governance soon.
With the growing prevalence of cryptocurrencies and ICOs as fund raising platforms, professional advisors need to develop in tandem with the fast changing landscape. The growth of the commercial and technological world is now driving and dictating how traditional legal and business structures are to evolve to suit their rapidly changing environment.
Here is an infographic of the 6 most notable ICOs that have been launched over the past few years.
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