The world body also said that ICOs are highly speculative investments in which investors were putting their entire invested capital at risk. Regulators also were unanimous in their view that more regulation was needed for cryptocurrency to provide greater investor protection. German regulator Federal Financial Supervisory Authority said the acquisition of cryptocurrency coins may result in substantial risks for investors. As ICOs are a highly speculative form of investment, investors should be prepared for the possibility of losing their investment completely. They highlighted the “trustless” nature as virtual currencies are “not backed by anything real” such as gold.

Source: The Hindu February 11, 2018 16:41 UTC