by: Tam Ging Wien

All examples and stocks quoted here in this article and on the ProButterflyTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor.

China’s central bank, The People’s Bank of China (PBOC) became the first country to outlaw ICOs or short for Initial Coin Offerings. South Korea has followed suit days after China. Countless other governments such as Singapore, Hong Kong, the US and UK have issued public warnings regarding ICOs.

ICOs are similar to IPOs. In an IPO a company raises funds from the public and list its stock on …