Topic: CANADA to regulate ICO. RUSSIA is next? (Read 3082 times)

Yeah exactly. You lose once you learn we are not fck school children. Have been scammed once and I learned my lesson no need for the fck government to educate us!

We hear no any sound about ICO`s from our officials here in Russia.. They tensionly discuss the cryptocurrencies, but not ICO`s, and they yet do not really understand what is bitcoin.

 It will take quite enough time until our institutions will deal with ICO`s. It`s not a big problem for them right now

"many of the digital tokens investigated by regulators in Canada fall under the definition of a security"

many, not all.

what will be regulated and what won't?

If we say that All ICO's are scam thats same think to say all DAX and Nasdaq is scam too.
Its very similar to get listed in Nasdaq and getting listed on crypto exchanges. Both way you risk and get reward of risking money.

A lot of countries will regulate them but I don't think they will be very successful enforcing the law.

if there is another country that wants to close ico will add to the big problem later on because there are many people who become victims.hopefully the news circulating is just a nonsense.

My country should ban them.. not regulate them.

ICO = SCAM.

They are hollow pointless bullshit for Bitcoin (FIAT) profits.
..not crypto-currencies (like Bitcoin)

And yeah every time there is bad news all of you here line up to twist it into good news.  
I know i have posted a lot of it here over the years LOL

All these ICO regulations will only do one thing for all the existing coins, make them sky rocket.

I fully agree with your arguments, that one must do his own research on the one hand.
There won't ever be a 100% safety for investors.
At the stock exchanges, there is, despite high regulatory, much fraudulent behavior.

Currently, we can spot the development in the ICO sector, which lets me hope we are
on the right path.

In former times, just a page with nice numbers and partly idiotic concepts was enough to
collect money (best example UET).
But projects must present more and more reliable concepts, whitepaper and team members
to get investors trust. The stupid greed of some investors might be enough fed someday,
that even these ones start thinking before investing.

I just hope that good and trustworthy projects won't suffer under this dev.

The question is how would governments enforce such regulations. I can imagine that Bitcoin breaks several laws in several legal jurisdictions, but governments can't do much about it because due to its decentralized nature, there's no some specific target (person or legal entity) government can go after. You see governments targeting crypto to fiat exchanges, precisely because exchanges are legal entities registered in some jurisdiction. But in the end, this won't stop Bitcoin. It certainly affects its price, but it won't stop it.

Back to ICOs. If I were to anonymously create a new ERC-20 token through a smart contract, promote it over at 4chan and sell it off in ICO style, who's gonna stop me? Who's gonna bring a legal action against me? If some government declares my token illegal and ban its trading, how are they going to enforce that? Ban 0x protocol? Good luck with that.


Exactly. Do you own homework. Don't rely on your government to protect you from strange danger on internet. It seems to me that everyone here wants 1000x profits without any associated risks and that's not how the world works.

Moreover, as a investor I really don't give a sh.t if my investment fails due to team's inability to deliver promised product or if I lose my money due to ICO being the scam. That fact that I might be scammed just makes me more selective that's all.

THAT 's better because we can invest in legit and trusted ICO. There will minimize scam ICos that take away our cash. Scam ICOs make CHina and other countries Ban ICOs at all. That the worst thing in ICO of  the year ever in 2017. I hope in 2018  there will be trusted developers, real projects, and better coins.

Waves is a derivative of a single enterprising NYC venture fund and is so far used by its portfolio companies only.

there should be some regulations about icos worldwide

As I saw in the past lots of scam came and still come also from Russia.
It let me become very cautious when too many Russian names are in an ICO team.
I guess furthermore that they consider it as an easy way for money laundering as
was mentioned before.
Thanks to heaven, Europe is very slowly in regulating "Internet things", but it is of course
no easy task. I bet everyone, except the scammers, would wish to see just honest ICOs
but take a look at the stock exchanges. Even there's today lots of frauds that just taking
investors money. Where money is, fraud would never be far.

Actually did you guys mention that most lets say around 70-80% of all coin projects are actually from Russia or at least Russians?
I mean look at Ethereum or Waves and the dozens ICOs running on them.
Any Idea why it is like that?

Market cap of $2 trillion is theoretically possible. If you look at the market capitalization of various NASDAQ stocks in 2000 (during the dot com boom) you can see that many of them had appreciated by as much as 1,000 times. The total market capitalization of NASDAQ in 1999 was somewhere around $5.2 trillion. If that can happen almost two decades back, then what prevents Bitcoin from attaining just one-fifth or two-fifth of that market cap in the next 5 years?

They can't ban so they try to regulate. That's not a problem. I hope we can get rid of these scam ICO's and only genuine ones left. There are too many scam ICO's popping out every day. They are heaven for money laundry purposes. It's not surprising governments want to clean up this dirty system.

Government regulation of crypto and ICO isn't bad. If world changes, if world's government regulation will become true the world coin cap will grow immideately because big money will come to this industry. I think forecasts about $2kB market capitalization in 1-5 years isn't dream! It's fact.

Fully agree with you that anonymity could be preserved using just crypto except of exchange it to fiat. It makes sense to use BTC or ERC20 tokens pre-paid cards and gives an opportunity to such a projects as TokenCard, Monaco etc. to expand their business. If you are very scared of volatility and it is the only reason to exchange your coins or tokens, Bancor is in assistance here.

I have to agree with you. For 5 years, I have argued with the users here in favor of government regulation of the crypto-currency. Some say that it will negatively impact the anonymity. But I tend to disagree. Anonymity can't be breached unless you convert your coins to fiat cash. Even if you want to convert your coins to fiat cash, there are a lot of anonymous options, such as pre-paid debit cards (Bitplastic is an example). The advantage with government regulation is that it will make easier for the institutional investors to purchase Bitcoins. Anyway, for those who love anonymity, there are plenty of other options out there, such as Blackbytes, DeepOnion and Monero.