DO WE NEED TO REGULATE ICOs? - page 11.

durudara

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Quote from: AmoreJaz on January 06, 2019, 04:10:30 PM

Quote from: Louis21 on January 06, 2019, 04:06:45 PM

Yes, this is highly needed. I don't want an entire regulation of Cryptocurrency industry but ICOs really to be regulated either by the industry or government but I prefer an automated system regulation that will be able to protect the interest of investors and force team of projects to be responsible for their actions and inactions.

highly needed but tough to implement. since the use of crypto is global, who will serve as the regulatory body? this is the reason why there are so many icos created everyday as theres no one who can streamline the ico process and remove the potential scammers

why can't this kind of thing be fixed ?? for example, nowadays only bounty participants are increasingly tightened to avoid participants who are cheating and proven so far have reduced a lot and proven effective. if only the bounty participants can be set up why is the ICO not? ICO should also be regulated and have certain conditions to reduce fraudulent activities under the guise of ICO.

Denreal

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There have been controversies in whether regulation should be accepted or not, which still occur till now. The core crypto enthusiasts do not want regulation, because they want to preserve the main purpose of cryptocurrency, which is centralization. While those who are fed up of scam projects, governments, banks and the likes want regulation, which will totally bring in centralization.
In my opinion, both have their pros and cons.

makerst

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Do you remember why cryptocurrency was created? It was created in order to be independent and extremely transparent. I think that now, sooner or later, all these moments will be finalized by the development team.

CLywaTeLb

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Strict rules for creating a new token; verification of the identity of the creator (lead dev), if it is a commercial project.
Creating a new coin is more difficult to regulate, but not many scammers can create it.

amaterazu

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With so many Bounty participants and investors experiencing huge losses. In my opinion, the regulation for ICO is very important. It must be formed by a body that checks the new ICO or ICO that is running. And things like this will certainly help all parties and can eliminate this form of fraud.

wayaneka

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I think we need to regulate ICO market to avoid fraud activity like money laundry and also to protect investor, in 2018 many ICO fraud, after they raised alot of fund they does not continue to run the aim of the project because some reason and finally their token did not listed on the exchange as well. With regulation we can maximize the quality of the project and minimize number of ICO fraud. Its better less number of ICO but high in quality product. With regulation will be more new investor come in to this market.

Christinebeauty

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ICOs really need to be regulated. Crypto nearly died off last year because of the numerous scam ICOs which tend to scare people away from investing into it. I hope the incidence of scam would reduce this year.

kicauklaten

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Regulation on ICO ICO results will make it better. the more free ICO and popping will certainly be a bad thing when there is nothing to set this up. Many scams on the longer the ICO will engender distrust and if left will make crypto lost investment. the regulation will be able to set the ICO getting better and back to gain the trust of investors.

blokklanc

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I think regulations are needed to avoid copycat and scam projects. We need global regulations and not complicated ones.
It would be nice to have some self regulatory solution.

RareFortune

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It is very to see that this space has a lot of scams especially the new projects created but we can't complain so much since we are in a decentralized system, I just think that even we don't regulate ICO's at least we have a organization that we can report any suspicious ICO then they will make an investigation on that particular project and if they see a lot of red flags then they will take down that ICO.

Yourodiviy

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Of course yes. Any regulations are good and lead to stabilization in the regulated area. And stability attracts large funds for investment.

AmoreJaz

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Quote from: Louis21 on January 06, 2019, 04:06:45 PM

Yes, this is highly needed. I don't want an entire regulation of Cryptocurrency industry but ICOs really to be regulated either by the industry or government but I prefer an automated system regulation that will be able to protect the interest of investors and force team of projects to be responsible for their actions and inactions.

highly needed but tough to implement. since the use of crypto is global, who will serve as the regulatory body? this is the reason why there are so many icos created everyday as theres no one who can streamline the ico process and remove the potential scammers

Louis21

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Yes, this is highly needed. I don't want an entire regulation of Cryptocurrency industry but ICOs really to be regulated either by the industry or government but I prefer an automated system regulation that will be able to protect the interest of investors and force team of projects to be responsible for their actions and inactions.

centhiniz

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Quote from: astridwi on January 02, 2019, 05:17:36 PM

Special arrangements for ICO have not been done because crypto itself is decentralized, but now it has started to improve with the existence of KYC on the ICO and also new exchanges which will reduce fraud and other scams.

this is complicated because crypto adheres to a decentralized system so that no one can regulate it even the government, therefore it will be very difficult to make regulations that make all ICOs want to do regulations because there is no highest institution to obey, and if the institution is made so that every ICO want to obey, then decentralization will disappear

karramov

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This problem obviously should be solved in the near future. Maybe it won't be the best solution. But if the market will cease to appear so many scams it will be a clear plus

abstractednerve

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I will say yes too! At this moment, We need regulations for ICOs! If you asked this question in 2017 then I would've said No! But from the 2018 ICO projects are being reckless! I agree with you that same vision, the same goal even same website theme in many ICOs! All those words are well written on websites and whitepaper but no output in reality! These ICOs are damaging the potential of crypto space!

batkaMahno

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It seems to me that the regulation of this industry will make it better. Now, many investors are suffering heavy losses due to the fact that there are many scammers.

AgentZero23

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Yes and I support this initiative and this is also to protect investors to avoid being a victim of scam projects. In 2017 about 90% of ICO's are scams and it is not good for the crypto community. And it will be a bad impression to new investors. Not only regulation will protect investors but also it validates the legitimacy of the project.

lagharto

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Seems like a lot of people are agree with a regulation but the most of crypto enthusiasts are against the KYC/AML procedures, it is not from decentralized/free world i think. What do you guys think about this?

canaveralnonie

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We need to learn from all our mistakes and dont make it happen again. Regulation is good, but the question is... who will do or assign team on that. That team will surely become rich I think, because that is a big task to do and this market built because of money and nothing but money.

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