Addressing And Managing The Inherent Risks Of Token Sales

In recent months a number of organisations have issued notices and guidance to the potential participants of ICOs, explaining the inherent risks which these activities present.

These include the International Organization of Securities Commissions, the European Securities and Markets Authority, the Financial Conduct Authority of the United Kingdom and, of course, Gibraltar's Financial Services Commission.

Responsible token issuing entities, in particular those who have been advised by Hassans International Law Firm, agree that these organisations are right to caution potential participants in respect of these activities, given the nascent state of the token sale community.

These token issuing entities note that it is important for investors and consumers who participate in their token sales do so from an informed position, being fully aware of the risks of their participation. It is their view that, by ensuring these considerations are clearly and properly