- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 68. Fintech in Investment Management
- Subject 3. Financial applications of distributed ledger technology
CFA Practice Question
An ICO is typically structured to issue crypto tokens to investors in exchange for ______.
A. fiat money
B. another cryptocurrency
C. fiat money or another cryptocurrency
Explanation: ICOs provide an alternative to IPOs, which are regulated.
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