16 lines
665 B
Markdown
16 lines
665 B
Markdown
# Initial Coin Offerings
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Initial coin offerings are proxy [equity](security.md) fundraising structure that allows entrepeneurs to raise [crypto assets](cryptoasset.md) in a common enterprise outside of existing securities regulation. Initial coin offerings are an example of [regulatory-arbitrage](regulatory-arbitrage.md) of [security](security.md) regulation.
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Initial coin offerings are illegal in the United States.
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## References
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* [@kharif_half_2018]
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* [@zetzsche_ico_2017]
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* [@kelly_ico_2019]
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* [@debler_foreign_2018]
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* [@cincinnati_ponzico_2017]
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* [@howell_initial_2018]
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* [@boreiko_serial_2020]
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* [@benedetti_digital_2018]
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* [@momtaz_entrepreneurial_2020] |