Comments on “Initial Coin Offerings, Corporate Finance and Financial Regulation” — What, Why, and How
Beatrice Weder di Mauro · WORLD SCIENTIFIC eBooks · 2020
Prof. Beatrice Weder di Mauro discussed Prof. Allen’s presentation. She concurred with Prof. Allen’s insights. She elaborated that while Initial Coin Offers (ICOs) are purportedly a new form of corporate finance that could bypass government and central bank monitoring and supervision, and might stimulate innovation, the reality is different. She presented statistics that show only 3.8 percent of ICOs are traded after launching and generally ICO returns are unattractive. She also presented examples on poorly performed ICOs…