Colleagues, the UAE is
considering a new law that would allow corporations to issue ICOs as an
additional method of raising capital. For most investors in the Western
hemisphere and the Pacific Rim this seems to be a radical move. Moreover, is
raises two fundamental questions: First, would you invest in the equity and/or
debt of a company that “needs” to raise funds via an ICO? Second, which
corporations are most likely to issue a successful ICO? One may argue that only
companies that have troubled balance sheets would turn to an ICO as a desperate
move to raise capital. However, in response to the second question, what if
that company was itself a successful global leader in the financial or
technology sectors – companies such as Goldman Sachs, JP Morgan, Apple, Amazon
or Google come to mind. To take this scenario one-step further, what if such
companies also offered crypto
custody services or as some have speculated, owned and managed
their own crypto
exchanges. (Note: Facebook has be rumored to fall into
this category). We at the Cryptocurrency
Academy prefer to focus on facts and not idle
speculation. Ii is not unfathomable that what we observe in Malta, the
UAE and the Philippines could
be precursors to a brave new crypto world in the next decade. Food for thought. Share a comment today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
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