ICOs: Silver Bullet or Gun Smoke?

Two weeks ago, I wrote about some of the prescient tax considerations facing cryptocurrency speculators as the 2018 tax year draws to a close. In that article, I also alluded to some of the risks and challenges facing ICO – initial coin offering – participants, especially as they relate to effective tax planning. More to the point, I referred to them as “well-marketed scams.” And while this was certainly an unpopular opinion on Twitter, I stand by my assertion.