A computer screen displays a site featuring cryptocurrency token sales and ICO (Initial Coin Offering) lists in Germany. Bypassing oversight of any kind, Initial Coin Offerings (ICOs) have sprung from nowhere to become a hugely popular way for start-ups to raise funds online, offering self-created digital "tokens" or coins to any willing buyer. Photo: AFP

US judge says that initial coin offerings may be covered by securities laws, ruling in favour of government

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A computer screen displays a site featuring cryptocurrency token sales and ICO (Initial Coin Offering) lists in Germany. Bypassing oversight of any kind, Initial Coin Offerings (ICOs) have sprung from nowhere to become a hugely popular way for start-ups to raise funds online, offering self-created digital "tokens" or coins to any willing buyer. Photo: AFP
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