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Topic: DO WE NEED TO REGULATE ICOs? - page 2. (Read 24761 times)

hero member
Activity: 798
Merit: 503
August 25, 2019, 04:54:46 PM
Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
I think yes. Perhaps this is the only area in the crypto market that I consider acceptable to control. Due to the fact that almost any group of people who know how to deceive investors can conduct  ICO, this should be under control. Today there are many projects that deceived their investors and don't bear any responsibility to them.
copper member
Activity: 336
Merit: 3
Cryptoknowmics - World's First Decentralized Media
August 25, 2019, 12:20:48 PM
Yes we do need to regulate token sales, because the amount of scams in this industry is just horrific. Every third ICOs is ending up by disappearance of creators with a lot of money and this is it. We need to sacrifice our privacy to reduce the amount of scammers.
jr. member
Activity: 221
Merit: 1
August 24, 2019, 09:46:40 AM
Yes, Ico needs to be regulated, this will surely control issues related to Ico scamming and this will definitely lift cryptocurrency to the next level.
full member
Activity: 868
Merit: 104
August 24, 2019, 09:42:22 AM
Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.

Well, regulation is much needed in this field. But question is how? SEC is struggling hard as we understand from their status quo on making decisions. If regulations don't come in, then crypto field would be completely vanished soon.
full member
Activity: 708
Merit: 103
Empowering crypto w/ sustainable energy
August 24, 2019, 09:41:37 AM
We need the regulate whole crypto industry. That is true, without it we can´t think about the mass adoption. That is why many crypto experts are positive about Libra because Libra brings attention to cryptocurrencies that they need regulations!
member
Activity: 448
Merit: 10
August 24, 2019, 09:36:27 AM
we defintely need to regulate icos but ico regulation make take time so we should work more on new rules from exchanges to prevent fraud
member
Activity: 504
Merit: 25
August 24, 2019, 09:24:05 AM
With crypto regulations scammers will have no choice but to evade getting arrest by finding their way off cryprto space,regulation is the answer to almost 90percent problem facing crypto space entirely,like hacks and scams ICOs,Con artists in crypto space will face panel
legendary
Activity: 2450
Merit: 1047
August 24, 2019, 07:45:48 AM
Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.

If there are ways for scammers to scam people they are going to use that, let's admit it ICO has become a ground for scammers, because they feed the greediness of some investors, these scammers launch fake ICO using whitepaper from other projects, and photoshopped from linkedin and make it appear a legit project, it's hard to catch them now, this is the reason we need regulation.
full member
Activity: 562
Merit: 100
August 23, 2019, 04:50:29 PM
Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
I am not against regulation in principle,but alas, everything is very difficult in my country.To do everything according to the law it is easier for me to simply refuse to invest.When the industry ripens, then it will be possible to talk about regulation. Until this is premature.
jr. member
Activity: 109
Merit: 1
August 23, 2019, 04:49:34 PM
Numerous ico are doing trick and gathering eth from the blameless financial specialists who are imagining that ico will give the tremendous returns later on however these ico are making trick the speculators and fleeing frontier  the market and speculators can not make any move against the con artists. Along these lines, Ico must be controlled and authorized from SEC. Other insightful don't offer consent to go into the crypto showcase.
sr. member
Activity: 1036
Merit: 250
August 23, 2019, 04:35:24 PM
If all traditional and modern financial institutions and instruments are in regulatory mode, then why not regulate cryptocurrency token sales. Especially if the main reason is to protect investors from fraud.
member
Activity: 238
Merit: 11
August 23, 2019, 04:24:01 PM
Truth be told, ICO's needs to be regulated in other for it to survive. ICO's are really dying out since IEO's came and this is happening because most investors are no longer interested in investing in ICO's but rather IEO's. For ICO's to be able to survive, it needs to be regulated and I think this will make most investors reconsider joining ICO's.
jr. member
Activity: 392
Merit: 2
August 23, 2019, 04:01:09 PM
Regulation for ICO is particularly required and there must be an Agency that has the assignment of checking. With the presence of the Agency, it is sure that phony ICOs and individuals who will submit misrepresentation can be lost. What's more, everybody will think that its simpler to contribute with the goal that they can give enormous benefits.
member
Activity: 798
Merit: 10
August 16, 2019, 10:32:59 PM
In my opinion, regulation of ICO would be a great idea. One of the most challenging issues about ICO is the prevalence of scam projects and this has lead to the distrust of investors. Most ICO's barely meet their soft cap because investors are not willing to loose their hard earned money to scammers, but with some extent of regulation, the cryptocurrency space would be sanitized and investors confidence could be restored.

The ICO should be regulated by the government to protect investor funds from fraud. Many governments have started collecting taxes from cryptocurrency and the government should protect investor interests in ICO matters. Indeed, at present many projects choose IEO but IEO also needs separate regulations from exchangers because IEO is a new project.
full member
Activity: 2324
Merit: 175
August 16, 2019, 10:26:30 PM
Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.

I don't know about the concept of master nodes but I think it is late to implement that, and besides everything in ICO is open to corruption and manipulation, why not just a lesser evil in IEO, exchange is the one regulating it and investors can see the result fast and easy, just pick the right exchange for IEO to invest.
copper member
Activity: 336
Merit: 5
August 16, 2019, 09:28:19 PM
In my opinion, regulation of ICO would be a great idea. One of the most challenging issues about ICO is the prevalence of scam projects and this has lead to the distrust of investors. Most ICO's barely meet their soft cap because investors are not willing to loose their hard earned money to scammers, but with some extent of regulation, the cryptocurrency space would be sanitized and investors confidence could be restored.
member
Activity: 378
Merit: 10
August 16, 2019, 07:59:14 PM
truly icos need to be regulated in other for it to rise from been dead with the initiation of ieos. Icos are dead now and no investor wish to invest in ico projects where scam it prominent and can happen anytime. For icos to stand up again from where it has fallen, it needs to be regulated to give investors trust to invest in it.
newbie
Activity: 75
Merit: 0
August 16, 2019, 07:31:16 PM
It's long overdue, but I still think that should have been done a long time ago though, seeing as ICOs are no longer the in thing at the moment, regulating them might just be a waste of time and precious energy
newbie
Activity: 74
Merit: 0
August 16, 2019, 07:24:04 PM
I am cool with regulation of ICOs but I am only concerned about how effective that will be in curbing the excesses of most crypto projects out there today.l, plus IEOs are taking over so I doubt if we will still need to do that, what I want regulated are crypto exchanges
hero member
Activity: 2772
Merit: 645
No dream is too big and no dreamer is too small
August 16, 2019, 07:07:26 PM
Regulation is very important so far as ICO's are concerned, and many are moving away from ICO project due  to the possibility of being scammed by ICO projects. Many are now interested in IEO's more than ICO's because ICO's are not regulated. Only regulation alone can help in the rise of ICO's again because regulation comes along with confidence for the investor. ICO's truly need to be regulated.
ICO loss it's popularity because of the fact that it's hard to regulate the ICO, if I'm a regulator, I would prefer the new platform which is the IEO as it's easier to regulate, you just have to look at the exchanges and let the exchanges do their job because if not, they will be sanction with big penalties.
With that, it's assured that the authority will be effective since there is no exchange that wants to be sanction and penalize that could possibly loss their business, so they will be careful in listing IEO and that is good to general investors.
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