The ICO (Initial Coin Offering) boom in 2017 enabled anybody who created a digital currency to raise capital without the administrative burden of an IPO. This resulted in the release of many alternatives to bitcoin, named altcoins. This video describes many of the major cryptocurrencies including Ethereum and Ripple alongside stablecoins, which are pegged to a fiat currency such as the US dollar or British pound. The regulatory actions of countries such as China are also discussed.
Key learning objectives:
Outline the cryptocurrencies described
Explain what stablecoins are through the use of examples
What regulatory actions have governments taken?