The Wild West of ICOs

19 Pages Posted: 24 Apr 2020

See all articles by Shaen Corbet

Shaen Corbet

Dublin City University ; University of Waikato - Management School

Douglas J. Cumming

Florida Atlantic University; Birmingham Business School; European Corporate Governance Institute (ECGI)

Date Written: March 8, 2020

Abstract

This chapter sets out to establish the key issues that have become central within the market for Initial Coin Offerings (ICOs). Within this context, we provide a brief overview of the existing literature based on ICOs around the world, while explaining the motivations and styles of criminality that have occurred, the methods that have been widely used by cryptocurrency thieves, the potential for the innovation of theft within the sector and the related problems that such technological progress can potentially generate, and the types of market agents that have set out to potentially misuse ICOs for a variety of reasons at both the sovereign and corporate level. As cryptocurrency markets continue to evolve, it is imperative that policy-makers and regulators continue to monitor the potential development of sophisticated manipulation and cyber-criminality techniques that have developed throughout the market for cryptocurrencies.

Keywords: Cryptocurrency; Initial Coin Offerings; Regulation; Illegality; Cyber-Criminality

Suggested Citation

Corbet, Shaen and Cumming, Douglas J., The Wild West of ICOs (March 8, 2020). Available at SSRN: https://ssrn.com/abstract=3550850 or http://dx.doi.org/10.2139/ssrn.3550850

Shaen Corbet (Contact Author)

Dublin City University ( email )

Dublin 9
Ireland

University of Waikato - Management School ( email )

Hamilton
New Zealand

Douglas J. Cumming

Florida Atlantic University ( email )

777 Glades Rd
Boca Raton, FL 33431
United States

HOME PAGE: http://sites.google.com/view/douglascumming/bio?authuser=0

Birmingham Business School ( email )

Edgbaston Park Road
Birmingham, B15 2TY
United Kingdom

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

HOME PAGE: http://https://ecgi.global/users/douglas-cumming

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