Researcher Urges Full Disclosure About Stablecoin Investment Risks -Breaking
- ICO’s are, however, not regulated by the public offering price or asset allocation and there is no institutionalized regulation on listing.
- Extreme optimism regarding Terra-Luna wouldn’t have been possible if there was a minimal disclosure about the investment risks associated with stablecoins.
- Illegal transactions, such as insider trading and unfail trades in digital assets, are not currently regulated.
Kim Gap-rae, a research fellow at the Capital Market Research Institute, spoke at the Global Investment Center in Yeouido, Seoul, on May 24 about “The Current State and Major issues of the Digital Asset Market.”
His main point was the fact that “the virtual asset market has grown based on investor trust by enacting the ‘Basic Act on Digital Assets.’”
The initial coin offering (ICO), is the process of raising funds for development and then paying out coins to obtain new virtual assets. Before the ICO can issue coins in the initial phase of its project, certain criteria must be fulfilled.
ICO’s are, however, not regulated by the public offering price or asset allocation and there is no i …