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Describe briefly what an ICO is and then discuss the dematerialised custodianship of securities of Bitcoin or ICO tokens. What measures do financial authorities, regulators

Describe briefly what an ICO is and then discuss the dematerialised custodianship of securities of Bitcoin or ICO tokens. What measures do financial authorities, regulators and financial exchanges take to reduce counterparty risk in established marketplaces? How is this different with Bitcoin?

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