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Digital currency sales face rocky path with more regulatory focus

Reuters  |  NEW YORK 

By Gertrude Chavez-DreyfussNEW YORK (Reuters) - A global regulatory crackdown on cryptocurrencies created by startups to finance new projects could slow the pace of virtual currency sales as questions mount about their transparency and the risk of scams for investors.More than 500 digital technology startups around the world have raised funds by selling their own cryptocurrencies, or tokens, that sidestep banks or venture capital firms as intermediaries.The huge investment in the largely unregulated market, which began in 2009 with the launch of bitcoin and includes more than 1,200 tokens, ...

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First Published: Wed, March 14 2018. 00:24 IST
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