License is not, but a registration would be mandatory for them, since so many are starting with a small amount of money, a script, web-host, graphics, etc. So many Govts are not looking these scam ICO's including our Country India to arrest them and put in jail.
I hope in the next year 2018 Governments will take care of these scam ICO's.
Topic: Do ICO's need licenses? - page 2. (Read 3086 times)
I think it's time for any ICO to have a licenses before they start operating these projects. It's like anyone who wants to make their own definition of "best" or "the future" coins can now do it easily and just run away after investors put large money in it.
I don´t think that a complete regulation with all sorts of difficulties should be created, but basic guidelines should be created and some registration be done, like I said before, not to generate government control, otherwise the very essence of the free world of the blockchain would be corrupted, but to avoid scammers who could be washed out naturally and give the investors, mainly those who are coming to know the crypto investment space have some security when investing their hard earned money. Noted though, that these guidelines should be done by blockchain experts and investors.
It depends on how your government welcomes these ICOs. You should know that governments from around the world treat ICOs differently. As they say, different strokes for different folks. You would have to check on your respective governments on how they control the proliferation of ICOs because it is them who have the legal authority to decide on matters that affect public interest.
I don´t think that a complete regulation with all sorts of difficulties should be created, but basic guidelines should be created and some registration be done, like I said before, not to generate government control, otherwise the very essence of the free world of the blockchain would be corrupted, but to avoid scammers who could be washed out naturally and give the investors, mainly those who are coming to know the crypto investment space have some security when investing their hard earned money. Noted though, that these guidelines should be done by blockchain experts and investors.
Licenses mean you will have real company and activity under taxes law but virtual money not agree with bitcoin so till now we can use bitcoin digital only
I do not think ICOs need a license, but the license is not entirely unnecessary. China's prejudices may be resolved with a license. After all, every state wants to keep all things under their control.
They don't need licenses in general. But countries may require them sometime in the future. I know the US is in the process of passing legislation.
Honestly though, I would be more likely to invest in ICOs that have some kind of official permit. That would make it harder for them to run off, which has been rampant among ICOs since their inception.
Honestly though, I would be more likely to invest in ICOs that have some kind of official permit. That would make it harder for them to run off, which has been rampant among ICOs since their inception.
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.
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/
This must be a necessary for all ICO's to be required to operate with license so that their is assurance for the people that the sites in which they will pour their investments are safe and secured and that their hard earned money will not be lost. By regulating, the ICO will be determine if legit or not because they will be required to submit of lot of necessary documents to prove the legitimacy of their business.
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/
This must be a necessary for all ICO's to be required to operate with license so that their is assurance for the people that the sites in which they will pour their investments are safe and secured and that their hard earned money will not be lost. By regulating, the ICO will be determine if legit or not because they will be required to submit of lot of necessary documents to prove the legitimacy of their business.
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/
No this will then ruin the whole concept of decentralization.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 donot see they need one.
Like eth its donot have any license still the top ico till today.
We need to actually look at the projects an ico is doing and then determine its good or bad.
I think that the activity of the ICO should be subject to licensing because recently the number of ICOs with fraudulent elements has sharply increased and investors began to suffer from this. Licensing of this type of activity should help reduce such risks. Then the investors' confidence in the ICO will be restored.
Regulations are not (only) there for harassing companies, but for protecting customers. Right now there is noone to protect customers which is why there is SO much scam going on. Therefore yes: ICOs should need licenses or at least regulation.
they should all need to register at least, I agree with you completely but would like to point out the utility token ICOs. if they actually are that and not a security in sheeps clothing. with no promise of profit, these are pretty much like a traditional crowdsale, they are essentially giving you "store points" that you can redeem later up the road map. would be like if walmart had an ico, and gave people walmart giftcards instead of tokens.
but in all cases, you shouldnt be able to collect that much capital without registering with the gov some kind of way. what if an ico is like a front for isis, and we send them 10milli?
I wouldn't talk down crowdfunding, lots of scam there as well. That's why many European countries have crowdfunding laws implemented by now. I want to see something similar for ICOs.
I think it's compulsory for every ICO to register and get their own license before they can announce their ICO to the public.
Also, these ICOs need to be regulated and observe by the "Securities Commission" to protect investors from being scammed by scammers.
Also, these ICOs need to be regulated and observe by the "Securities Commission" to protect investors from being scammed by scammers.
Licenses are important to know how sincere does the specific company is.. It’s more of showing your future client that your doing anything for they’re satisfaction and for they’re security.. It’s also a precautionary action on dealing with legality in thing.. Some might not even wanted to get licence for the first place is something shady for me..
Regulations are not (only) there for harassing companies, but for protecting customers. Right now there is noone to protect customers which is why there is SO much scam going on. Therefore yes: ICOs should need licenses or at least regulation.
they should all need to register at least, I agree with you completely but would like to point out the utility token ICOs. if they actually are that and not a security in sheeps clothing. with no promise of profit, these are pretty much like a traditional crowdsale, they are essentially giving you "store points" that you can redeem later up the road map. would be like if walmart had an ico, and gave people walmart giftcards instead of tokens.
but in all cases, you shouldnt be able to collect that much capital without registering with the gov some kind of way. what if an ico is like a front for isis, and we send them 10milli?
Regulations are not (only) there for harassing companies, but for protecting customers. Right now there is noone to protect customers which is why there is SO much scam going on. Therefore yes: ICOs should need licenses or at least regulation.
If for security and good for the investors then it would be nice that ICO's have licenses to have to so that in case that it would just run from investors and just collect monies they have a way to get what they invested for. I think these kind of topic has a solution from now and I heard that a company from Russia called IRI has proposed to launch a platform to list all ICO's and all the the individuals that composed it to ensure its not scam one and if they try to run from investors that platform has records they have if just in case it would happen.
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/
Regarding on longevity then regulation would really make some changes compared into those non regulated ones since both investors and its owners will really have the transparency since its being regulated already.If we do try to see now there are lots of Scam projects which results on ending up badly on its investors.This is why im already hesitant on making investment or putting up money.They should really be regulated to lessen the risk on losing too much money on putting up on useless things. 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/
this is a good idea, as now aa are created even without white paper and a new idea, in order to quickly earn the money they earn! so there can be less stupid projects and stupid investors
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