Dr. Doom: 99% of ICOs are non-compliant securities, and garbage coins are illegal scams.

Nouriel Roubini, known as Dr. Dooms, issued a tweet that 99% of ICOs are non-compliant securities, although they tried to pretend that ICO is not a security in various legal terms. Therefore, shitcoin is an illegal scam designed to circumvent all “AML/KYC” and other appropriate regulatory and securities laws that include protection of small investors.