Faculty News
Professor David Yermack is quoted in a story on the regulation of cryptocurrencies and Initial Coin Offerings (ICOs)
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Excerpt from Pensions & Investments -- "David Yermack, professor at the New York University Stern School of Business, said whether an ICO qualifies as a security has a lot to do with the motivation of the purchaser. Many ICOs are 'utility tokens' that are meant to provide access to a particular online platform or service, he said."
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