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Sep 22, 2017

09/22/2017: Explaining the risky and unregulated world of initial coin offerings

There are whole new systems of money being traded in the digital world. Companies can create their own cryptocurrency and sell it to the public in an initial coin offering. But these offerings are unregulated and risky. Marketplace Tech host Molly Wood talks to Kevin Werbach from the University of Pennsylvania’s Wharton School about how initial coin offerings work.

A pile of Bitcoins are shown here after Software engineer Mike Caldwell minted them in his shop on April 26, 2013 in Sandy, Utah.
A pile of Bitcoins are shown here after Software engineer Mike Caldwell minted them in his shop on April 26, 2013 in Sandy, Utah.
George Frey/Getty Images

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There are whole new systems of money being traded in the digital world. Companies can create their own cryptocurrency and sell it to the public in an initial coin offering. But these offerings are unregulated and risky. Marketplace Tech host Molly Wood talks to Kevin Werbach from the University of Pennsylvania’s Wharton School about how initial coin offerings work.