It takes kyc in the implementation of ICO, so far all sales have been based on random and anonymous investors
I think it is necessary to create a license to choose a quality project. But keep in mind if the licensors come from the government
the enthusiasm will be slightly reduced because it will be taxed for each investment.
Topic: Do ICO's need licenses? (Read 3057 times)
Yes they need a license to get more investors and this is one of the advantages of a company to get trust of many people and they invest confidently. But there are some icos showing their fake license to lure investors to buy their coin and their main purpose is to scam.
They can make fake licenses but anyone can still make further research to know if it was legit or not. For example, any citizen from their country can quickly determine that and warned all possible investors of that ICO.
Yes they need a license to get more investors and this is one of the advantages of a company to get trust of many people and they invest confidently. But there are some icos showing their fake license to lure investors to buy their coin and their main purpose is to scam.
ICO's is the new IPO therefore it should be regulated and pass different qualifications. As ICO's gaining popularity, SEC and regulators are eyeing their moves and schemes. In order to have a wider acceptance in the community transparency must be implemented and observed and no one is exempted.
ICOs are totally not regulated structures and they haven't any licenses for the activity as you can suppose. That's why many of economist call those people who invest in ICOs as fools, cause of there is no a protect and any guarantees. I think ICOs are those things that ruin bitcoin and make people think that crypto currencies are just a pyramid. That is that thing on which the government should pay the attention, but not just admit everything about digital currencies as illegal.
I'm convinced ICOs will be regulated everywhere very soon, the same way IPOs are. It's only logic since both offerings pursue the same goal (raise capital for a new business), from the same kind of investors (you and me).
I think this is a good idea, Ico complying license will reduce the the fraud . And this is much better advantage for us as investors.
The ICO that has license will sure be more reliable to the one that doesn't have , so this must be implemented ..
If you guys do have any suggestio or opinion let me know . But for me this is a good idea and must be implemented.
The ICO that has license will sure be more reliable to the one that doesn't have , so this must be implemented ..
If you guys do have any suggestio or opinion let me know . But for me this is a good idea and must be implemented.
Absolutely! I will be happy if an ICO require a licence and also if they need to report to the regulators of their respective countries. It will certainly reduce the fraud and bring back the trust in crypto currency market. ICO market has now become very liquid like ponzi market. Which is why a lot of investors are reluctant to invest in ICOs. A licence and a reporting requirement will help to Change the current picture.
I believe that ICO licensing should be mandatory. This will significantly reduce the number of scammers. Now anyone can organize the ICO and deceive investors, so it should not continue any longer.
I think this is a good idea, Ico complying license will reduce the the fraud . And this is much better advantage for us as investors.
The ICO that has license will sure be more reliable to the one that doesn't have , so this must be implemented ..
If you guys do have any suggestio or opinion let me know . But for me this is a good idea and must be implemented.
The ICO that has license will sure be more reliable to the one that doesn't have , so this must be implemented ..
If you guys do have any suggestio or opinion let me know . But for me this is a good idea and must be implemented.
Absolutely! I will be happy if an ICO require a licence and also if they need to report to the regulators of their respective countries. It will certainly reduce the fraud and bring back the trust in crypto currency market. ICO market has now become very liquid like ponzi market. Which is why a lot of investors are reluctant to invest in ICOs. A licence and a reporting requirement will help to Change the current picture.
I think this is a good idea, Ico complying license will reduce the the fraud . And this is much better advantage for us as investors.
The ICO that has license will sure be more reliable to the one that doesn't have , so this must be implemented ..
If you guys do have any suggestio or opinion let me know . But for me this is a good idea and must be implemented.
The ICO that has license will sure be more reliable to the one that doesn't have , so this must be implemented ..
If you guys do have any suggestio or opinion let me know . But for me this is a good idea and must be implemented.
After some ICO's that just turned into scam and is a way to make more money for the people behind it, there should be regulation for it but the thing is that how they can be regulated and distributed a license for it?
In China, ICO's were banned because of that reason. They had mentioned that these fund raising are illegal and something that will threaten their entire economy.
The only way to license these ICO's is if the country where the owners / developers of these projects are living in a country that has strict rule for ICO.
There is a discussion about this from theymos, take a look https://bitcointalksearch.org/topic/ico-certification-service-needed-2070397 the points of getting a certification or making their business registered first.
In China, ICO's were banned because of that reason. They had mentioned that these fund raising are illegal and something that will threaten their entire economy.
The only way to license these ICO's is if the country where the owners / developers of these projects are living in a country that has strict rule for ICO.
There is a discussion about this from theymos, take a look https://bitcointalksearch.org/topic/ico-certification-service-needed-2070397 the points of getting a certification or making their business registered first.
Cryptocurrency's are decentralized, ico should get the same status
I think a lot of people would comply with regulatory structures even if they don't HAVE to. The compliance could be used to make their ICO more appealing to the more "traditional" investment infrastructures in our society.
It's just a search for your target audience. Marketing move. Some on the contrary position themselves as fighters with the system.Lately there's been a lot of talk about regulation. What about ICO's?
What do you see with the ones complying with governments? It seems to be a big play longevity wise.
For ex. Unikrn got their Malta license, making esports fiat wagering legal in most of europe. Does this pave the way for future ico's? Should this be an indicator of a good, trustworthy ico?
More info: https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/
What do you see with the ones complying with governments? It seems to be a big play longevity wise.
For ex. Unikrn got their Malta license, making esports fiat wagering legal in most of europe. Does this pave the way for future ico's? Should this be an indicator of a good, trustworthy ico?
More info: https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/
I think a lot of people would comply with regulatory structures even if they don't HAVE to. The compliance could be used to make their ICO more appealing to the more "traditional" investment infrastructures in our society.
At the moment, residents of countries in which the conduct of ICO need a license just baned in ICO 
I'm sorry I couldn't catch all the opinions, but in my view some regulations are needed for ICOs. It's not about limiting the magnitude of initial coin offerings, but making them more transparent and even attractive cautious investors. Banning ICOs is obviously an extremely poor solution; yet a form of ground rules would be crucial for the success of the future offerings.
Banning them would really be pointless.Just like on what china did on such decision they do ban but later on they would comeback and require it to be legalize because they do see that they can able to make money on those things which banning isnt really a solution and i would rather agree on making them regulated which i do really see the positive effects if this thing would really be implemented. It would really lessen the risk of scam ICO since they are been asked or its compulsory to comply with the rules that have been set out.
I'm sorry I couldn't catch all the opinions, but in my view some regulations are needed for ICOs. It's not about limiting the magnitude of initial coin offerings, but making them more transparent and even attractive cautious investors. Banning ICOs is obviously an extremely poor solution; yet a form of ground rules would be crucial for the success of the future offerings.
Most of the companies should approach the government and start forcing the government to legalize the CryptoCurrency because if they kept delaying many ICO's without any innovation they will start raising the money. The government should involve in this ICO for better future to the companies and to the investors.
The companies will never do that. Most of the ICOs are scam (almost 90-95% are scam). So why they force the gov to legalize their work? They will never want their ICO to be regulated.
indeed the cause why china banning ICO because too many ICO scams available currently and with licenses i think it will ensure people funds secure but cryptocurrencies purposse based on anonymity and i don't think this is will effective and people probably doesn't so like ICO project with lisences by the government
A licenses will bring lots of investors to the cryptocurrency market.
The answer to this question depends on the ICO, their token and underlying products. Registration requirements could range from zero to crazy hard (eg creating a crypto/fiat) bank.
indeed the cause why china banning ICO because too many ICO scams available currently and with licenses i think it will ensure people funds secure but cryptocurrencies purposse based on anonymity and i don't think this is will effective and people probably doesn't so like ICO project with lisences by the government
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