The initial fundraising in the traditional VC workstation was reversed in 2017 when there were hundreds of companies in the explosion of the ICO building, which had been attached to BlockChain as its digital currency, though an investment-worthy token, this consultancy platform is a fast one. The speed was exploded, eventually the regulators and officials raised, who saw some disturbing trends. In most cases on the tokens from organization like ICE, ICO has declared them as securities. SOURCE https://cointelegraph.com/news/legitimising-the-ico-token-finding-utility-over-security
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