ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

ICOs: dream for startups, nightmare for regulators

Millions raised in seconds, but questionable practices rife

Funds raised globally through ICOs soared in the April-July period. (Photo by Ken Kobayashi)

TOKYO -- Raising $35 million in 30 seconds with minimal disclosure sounds like something that could only be a racket.

But startups across the world have been turning to initial coin offerings, a sort of initial public offering involving the use of a cryptocurrency, to put together those kinds of sums that quickly and it is perfectly legal -- in theory at least.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more