Exmo exchange refused to conduct ICO

Exmo cryptocurrency exchange refused to carry out ICOs to raise funds for the introduction of marginal loans, the creation of an insurance fund for marginal loans and obtaining the necessary licenses. Representatives of the platform informed Forklog that the organization’s own resources are enough to implement the planned plans.

“Stable positive dynamics of all financial indicators and the incredible increase in the number of users of the platform allows you to fully ensure the implementation of a business plan to launch new products and services from their own funds”, – said the co -founder of the platform Ivan Petukhovsky.

At the same time, EXMO expressed fears about the hard regulation of the ICO sphere, which could create unforeseen risks for potential investors.

We will remind, earlier it was reported that the Craudsale China closes cryptocurrency-related Exmo exchange was postponed to April due to excessive excitement.