Kenya regulator issues statement on recent wave of suspicious initial coin offerings

Capital markets authorities of Kenya issued the statement warning the general public about the specific ICO founding for: ‘keniacoin’. Warning is addressing the dubious nature of this particular ICO, but also warned the general public to withhold the participation in initial coin offering issued in Kenya. Financial authority was investing the company Wiseman Talent Ventures about the discrepancy in claims about the funds raised.

Authorities are also warning about the promises of the 10% return for every investment in this ICO.