Initial Coin Offerings (ICOs) involve the creation of digital tokens using distributed ledger technology and subsequent sale to investors. There are ongoing invitations to members of the public to invest in such coins in what is being marketed as “pre-sale before launch on public exchanges.”
The Trinidad and Tobago Securities and Exchange Commission (the Commission) has not as of this date approved any Initial Coin offering. The ongoing offerings are unregulated and speculative investments, with considerable risk to the investor.