Resumen

ECHAVARRIA WARTENBERG, DANIEL. The Dawn of the ICO: Implications for the Colombian Market. Rev. Derecho Privado [online]. 2020, n.38, pp.143-172. ISSN 0123-4366.  https://doi.org/10.18601/01234366.n38.06.

The development of Initial Coin Offerings (ICOS) as an alternative to the securities and capital markets creates new challenges for financial regulators. The essay analyses the Colombian securities and financial markets legal framework to emphasize the gaps in regulating this new form of capital raising. It reviews the different approaches the Colombian financial regulators could use in order to prevent risks associated with coin offerings.

Palabras clave : Securities Market; Financial Market; Virtual Currencies; Public Offerings; Bitcoin; Blockchain; Token.

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