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What is an Initial Coin Offering (ICO)?

1. A government bond issuance
2. An unregulated means of raising funds for a new cryptocurrency venture
3. A type of initial public offering (IPO)
4. A banking license for digital currencies

Correct answer: An unregulated means of raising funds for a new cryptocurrency venture

Solution

An ICO (Initial Coin Offering) is a fundraising method where a company issues new cryptocurrency tokens to investors in exchange for established cryptocurrencies (like Bitcoin/Ethereum) or fiat. Unlike IPOs, ICOs are largely unregulated. They are not government bonds, not IPOs, and not banking licenses.

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