Ethereum May Be Regulated Like Bitcoin

Ethereum is likely to be regulated by many governments in the upcoming months. Some countries including South Korea, China, and the US are already preparing to regulate Ethereum and its ICO market. This is because of the rising popularity of initial coin offerings (ICOs) and large amounts of capital being invested in them.

A POPULAR ETHEREUM MAY MEAN A REGULATED ETHEREUM

A project called EOS raised more than $335 million in total through their ICO campaigns as investors funded a project they knew practically nothing about.

EOS released a peculiar investment advice document entitled “Token Purchase Agreement” which claims that its native token EOS does not have a purpose or a use case. It went on to say that it should not be considered or used as a currency, investment, and/or commodity.

“As mentioned above, the EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, expressed or implied. Although EOS Tokens may be tradable, they are not an investment, currency, security, commodity, a swap on a currency, security, or commodity or any kind of financial instrument,” the document read.

Full story:
https://themerkle.com/ethereum-may-be-regulated-like-bitcoin/