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Topic: DO WE NEED TO REGULATE ICOs? - page 9. (Read 24801 times)

sr. member
Activity: 1190
Merit: 253
February 02, 2019, 03:08:00 AM
CENTRALIZED REGULATING BODY! That is the one that I am waiting to read upon reading your post.

Some will say, Blockchain is decentralized, why we should create a centralized regulating body. We are now in a point that we should protect the one that we have established and we need to regulate the ICO if we want to last for years. The protection of the people doing bounty is the main key and we can do that by simply identifying the real existence and identity of the project team.
sr. member
Activity: 798
Merit: 251
February 02, 2019, 02:29:49 AM
I think there really needs to be someone who regulates Crypto because until now there have been many fake ICOs. And if there are regulations, it will certainly be very helpful, so that all ICOs are truly real. And the supervisory body I think must also be there to oversee all ICO.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
February 02, 2019, 02:09:03 AM
Regulating ICOs (not already established Cryptocurrencies) has always been my position. I am of the opinion that it will help restore sanity to the crypto space and keep scammers at bar. When this is done it will instill confidence in investors like we have in forex trading and the market cap will soar once again like we had in 2017.
sr. member
Activity: 924
Merit: 260
February 02, 2019, 01:54:19 AM
I support op point and it is good that icos market should be regulated and we should be able to see reduction in scam and fake projects . Like op has said, most of the projects are duplicated and developer open those projects in other to raise funds through icos market.
jr. member
Activity: 546
Merit: 1
February 02, 2019, 01:25:48 AM
of course it need, because it can greatly help to eliminated the scam and fake one ico, who nwant to cheated us.
sr. member
Activity: 714
Merit: 252
February 02, 2019, 01:19:46 AM
I think yes with a lot of scam projects around. Also, they ask funding for a project that we don't know if it's legit or not.
full member
Activity: 389
Merit: 103
February 02, 2019, 01:16:41 AM
Yes, ICO's are the most used for funding projects that needed for development and also needed transparency so where will the funds go. Since 2018, there are so many scam ICO's running and even today, founders & staffs needed a very strong KYC procedures and their works so we can able to track if they doing their promises about their projects. It's very hard to trust any ICO's with anonymous team and no transparencies because we don't know what they will do to the funds of investors invests, high risk of a fake project.
member
Activity: 420
Merit: 14
February 02, 2019, 01:08:06 AM
All possible regulation of cryptocurrency can lead us to big problems, because the time will come to verify people. Therefore, cryptocurrencies can really be a reserve sector where finances can be independent of external forces.
The regulation of ICO activities may vary. We are regulated by regulation so that it does not concern the expediency of holding an ICO, identified the ICO team itself and checked it,  accompanied the technical side of fundraising and ensured the rights of investors and other participants in the ICO campaign. It does not make sense for them to check the buyers of new tokens, this is not the job of regulating the activities of ICO.
sr. member
Activity: 1484
Merit: 253
February 01, 2019, 06:07:43 PM
Let's wait for another year, because there might be any new features in ICOs regulation. At the moment those aren't regulated yet and it is so sad to know that.
By the way I am sure that after a certain period of time there will be regulation)
Some countries have already implemented regulations against icos while some other countries decided that everything was a scam and forbid their citizens to participate in them, it is not something I support but with the huge amount of scams and the refusal of people to do the minimum necessary to protect themselves from scammers I do not see how to change the situation without regulations.

Regulations will help detect scammers, specially when there's a tight scrutinization regarding ICO's project platform implementation. Definitely more people will again develop trust on each project which is under that regulation, and also preventing ghost projects that victimized people from investing with non sense worthless ICO's. More security will be implemented towards more secure assets.
jr. member
Activity: 672
Merit: 1
February 01, 2019, 05:50:24 PM
Without regulation the ecosystem will be susceptible to scammers .I think done degree of regulation will be necessary in order to bring in more players.
legendary
Activity: 1310
Merit: 1000
February 01, 2019, 05:44:18 PM
Come on! Guys, regulation will get you nowhere , I invest in crypto,because there is no regulation in other case you will never ever earn a lot of funds.
In US you would be imprisoned making manipulations on stocks
sr. member
Activity: 840
Merit: 254
February 01, 2019, 05:16:21 PM
Let's wait for another year, because there might be any new features in ICOs regulation. At the moment those aren't regulated yet and it is so sad to know that.
By the way I am sure that after a certain period of time there will be regulation)
Some countries have already implemented regulations against icos while some other countries decided that everything was a scam and forbid their citizens to participate in them, it is not something I support but with the huge amount of scams and the refusal of people to do the minimum necessary to protect themselves from scammers I do not see how to change the situation without regulations.
full member
Activity: 448
Merit: 100
January 17, 2019, 05:55:29 PM
Let's wait for another year, because there might be any new features in ICOs regulation. At the moment those aren't regulated yet and it is so sad to know that.
By the way I am sure that after a certain period of time there will be regulation)
full member
Activity: 2128
Merit: 180
January 17, 2019, 05:49:26 PM
If we can accept the risk, then we do not need regulations. Regulations are here only to protect investors before scams.
Therefore we need regulations, since a lot of ICO are just scam. Yes, we are ready for the risk but being regulated will lessen that risk and that will benefit all of us including the market. Well, its too hard to regulate the ICO since this is cryptoworld but hopefully in the future we can see more good project.
full member
Activity: 728
Merit: 130
January 17, 2019, 05:46:12 PM
I think that ICO is going through difficult times. If regulators regulate this sphere, then this may attract investors who do not want to invest because they consider themselves unprotected.
sr. member
Activity: 840
Merit: 254
January 17, 2019, 05:22:35 PM
Now many ICO fails and there are also many ICO frauds. And this is done by those who just want to profit without doing anything. So this ICO really needs to be regulated, so that all negative things can certainly be lost.
Regulations would not be needed if people just used their common sense, many of them invest in projects they do not really understand and that is a huge mistake, so when the project fails they begin to wonder what went wrong when the decision to invest at all in the project was a mistake, so as long as you use your head the chances you will be scammed and you will need the protection of regulators will be low.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
January 16, 2019, 11:25:40 AM
If we can accept the risk, then we do not need regulations. Regulations are here only to protect investors before scams.
Your last sentences just make it more obvious that ICO really need to be regulated. I mean if it is what it takes to make investors be able to avoid the scam ICO then it should be done in the first place.
copper member
Activity: 154
Merit: 3
Be smart, join: https://t.me/cryptofinance24
January 16, 2019, 11:01:39 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.

Of course. I don't think there is another answer. Unregulated field creates the opportunity to scam. There will be a lot less scams and failures when the ICO ecosystem is regulated.
full member
Activity: 896
Merit: 102
January 16, 2019, 10:53:17 AM
If we can accept the risk, then we do not need regulations. Regulations are here only to protect investors before scams.
member
Activity: 616
Merit: 30
January 16, 2019, 10:46:25 AM
Now many ICO fails and there are also many ICO frauds. And this is done by those who just want to profit without doing anything. So this ICO really needs to be regulated, so that all negative things can certainly be lost.
I believe that this frauds and scammy ICO are run by some groups here in crypto that has no intention but to victimized investors,i find them almost the same when it turns to tactics and styles

For how long i have been looking flr ICO regulatory board that will only focus on the upcoming projects and those running already,so from this people here might be saved from scamming
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