BOC's Wilkins Says Cryptocurrencies Aren't Currencies

The video discusses the role of Bitcoin and cryptocurrencies, highlighting concerns about their market status and potential fraud. It argues that cryptocurrencies should be treated as assets or securities rather than currencies, as per standard monetary theory. The potential of distributed ledger technology is acknowledged for its efficiency benefits. The video also covers the risks associated with Initial Coin Offerings (ICOs) and the need for regulation, emphasizing that these offerings resemble securities more than currencies.

What concerns does the speaker mention regarding initial coin offerings (ICOs)?

What is the speaker's stance on the regulation of cryptocurrencies and ICOs?