Despite reports of frauds and scams plaguing the sector, key players in the digital currency space believe that the initial coin offering (ICO) phenomenon is here to stay and asserted that it is possibly even the best way to raise funds at this time.
Speaking at the DEALSTREETASIA Asia PE and VC Summit 2017 in Singapore last week, Quoine co-founder and CEO Mike Kayamori said venture capital firms should take advantage of this especially now that transparency issues are being addressed through regulation, such as those being undertaken by governments in Japan and Singapore.
