Should you invest in cryptocurrency and ICOs? This is why it's key for New Zealand that our Government paves the way for local cryptocurrency exchanges to flourish. The basic idea around ICOs is that you purchase "tokens" in a startup, either for fiat currency or with virtual currency. Despite the risks, cryptocurrency startups have raised huge amounts of money via ICOs this year. Both cryptocurrency and ICOs have attracted the scrutiny of the New Zealand Financial Markets Authority (FMA).

Source: Stuff December 10, 2017 23:58 UTC