Topic: do you think its good if whole world will have ICO regulations? (Read 435 times)
I think it will be good if all states decide on the regulation of the ICO. However, the regulation itself should concern only the part that ensures the identification of the team that will conduct the ICO and regulate the transparency of this process. Regulation should not concern other ICO issues not related to security and collection of taxes.
October 06, 2017, 12:01:30 PM
do you think its good if whole world will have ICO regulations?
do we want that?
why?
and what can be a solution for that?
It is best if you look at the positive side instead. I have never really liked regulation cause that is how most government has always been controlling everything. However, at this stage and the way some projects are using the ICO medium to scam, do we really have any choice ? do we want that?
why?
and what can be a solution for that?
If they are not properly monitored, it is obvious things will get out of hand eventually and even put a negative tag on the crypto community.
All these are just as a result of lazy investors who don't do adequate diligence before just opting into a project and ends up getting scammed in the long run, only if everyone can be smart and be wise to know if a project could be a scam or not, some projects will not even make it past the pre-ico stage.
October 06, 2017, 12:00:59 PM
I think that's a good thing, because if all ico been in the regulation, then the perpetrators of the scammers ico project will be in the comb. but this is still a lot of pros and cons of various parties, so it can not quickly be realized
October 06, 2017, 10:32:16 AM
Some kind of projects just need regulation! For examble BrickBlock or Swarm.Fund. They trying to interact with real assets market. It's can't be done without regulations. Moreover big money will come to the market of cryptocurrencies only when regulations will be.
October 06, 2017, 10:24:26 AM
I think regulating ICOs is a good thing especially now that ICOs are popping out left and right. It would make it safer for investors to ensure that they won't be scammed. It would also be a way for people to have a general assessment wether a project is good or not. An ICO regulation should filter out possible good coins and shit coins.
October 06, 2017, 10:16:03 AM
It would completely depend on what regulations were implemented.
Regulations can either improve the overall level of the product / service, or just make it impossible to carry on.
I don't think there will ever be a world recognized regulation though, as some countries will take advantage of other countries regulating it. The world rarely comes together and agrees on legislation.
Regulations can either improve the overall level of the product / service, or just make it impossible to carry on.
I don't think there will ever be a world recognized regulation though, as some countries will take advantage of other countries regulating it. The world rarely comes together and agrees on legislation.
October 06, 2017, 07:49:07 AM
Considering ICOs are decentralized and are mostly oriented to raise funds, there are no existing regulations, as far as I know.
Figuratively speaking, this coin has two sides. On the one hand, it could open new opportunities for crypto-community in general to apply the decentralized projects in reality, but on the other hand, regulations of any kind may have the adverse effect on the crypto-people. The whole point is in the fact that it doesn't require any regulations and works pretty much fine.
Figuratively speaking, this coin has two sides. On the one hand, it could open new opportunities for crypto-community in general to apply the decentralized projects in reality, but on the other hand, regulations of any kind may have the adverse effect on the crypto-people. The whole point is in the fact that it doesn't require any regulations and works pretty much fine.
October 06, 2017, 12:44:35 AM
some ICOs are seeking new ways to work around regulations in different countries, the regulations that deal with ICOs and other regulations dealing with distributed businesses. Below is a summary of three attempts to overcome regulation in a legal way, and how they might fare.
: Divide and conquer
: Buying your freedom
: SAFT
The explanation is here about Three ways companies are working around regulation in the ICO and crypto space. https://t.co/7PKX56zHsH
: Divide and conquer
: Buying your freedom
: SAFT
The explanation is here about Three ways companies are working around regulation in the ICO and crypto space. https://t.co/7PKX56zHsH
October 05, 2017, 11:23:38 AM
I think its okay and a good decision to have a regulations for ICO's because there are already a lot of scam ICO's that is popping so investors need to be protected.
October 05, 2017, 09:53:45 AM
I think ICO should have rules because ICO is generally used as a fund raising of a company or project then at least the regulation should be set so that investors' investment is safer and of course it is also useful to save crypto from manipulation of people who are not responsible.
October 05, 2017, 05:54:27 AM
Yes, most ICOs are complete junk. People without even having a prototype raising 10s of millions of $s lol.
October 05, 2017, 05:16:44 AM
I don't think if the ICOs projects has regulations is something good because the regulations is for the traditional instrument of investment like IPO in stocks, we are in digital coins world, it is anonymous, decentralize and transparent.
The ICOs is new model fundings of businesses, they have uniqueness than others instrument of investment, the investors can be free to choose investment in the ICOs, no rules of bans from the government or other.
The ICOs is new model fundings of businesses, they have uniqueness than others instrument of investment, the investors can be free to choose investment in the ICOs, no rules of bans from the government or other.
October 05, 2017, 03:56:39 AM
Yes it should be regulated to be fair in real IPO trading system. this will also protect investor from scammer. If it is not regulated many scammer developer would create coin over and over to raise fund and once they already get plenty of money they will abandon the project.
October 05, 2017, 03:38:32 AM
I think the rules for ico are very unnecessary, I'm not sure if the rules made by the government can go well and correctly. Why? Because many opportunities can be misused by regulators or ico controllers.
October 05, 2017, 03:23:16 AM
We need regulations for ICO as this will allow much wider participation of the ecosystem by general public. The current ICO status is like a Wild Wild West, no rules, you just got to try your luck. Good for some but not ready for massive take up. Saying that, regulations could be extreme at the start which could hurt a bit.
October 05, 2017, 03:17:56 AM
I think the conduct of the ICO is good for the market. They lead the industry with new investors, it promotes the growth and development of the entire crypto community!
October 05, 2017, 03:15:29 AM
regulations can potentially be good too. if they are set in place good. for example you can look at Japan and their regulations regarding bitcoin and how it helped the adoption of bitcoin grow exponentially this year and add a lot of new merchants.
in case of ICOs if some good regulations are put in place to prevent scams and also the useless ICOs which are only created to take money, then things may improve a lot in this market.
in case of ICOs if some good regulations are put in place to prevent scams and also the useless ICOs which are only created to take money, then things may improve a lot in this market.
Yeah that's true! government regulate ICO for the good benefits of its own people and for their country.
More ICO is pumping this year just like mushrooms and this regulation can help to avoid scams and should all county will adopt this ICOs regulation.
October 05, 2017, 02:48:40 AM
regulations can potentially be good too. if they are set in place good. for example you can look at Japan and their regulations regarding bitcoin and how it helped the adoption of bitcoin grow exponentially this year and add a lot of new merchants.
in case of ICOs if some good regulations are put in place to prevent scams and also the useless ICOs which are only created to take money, then things may improve a lot in this market.
in case of ICOs if some good regulations are put in place to prevent scams and also the useless ICOs which are only created to take money, then things may improve a lot in this market.
October 05, 2017, 02:40:25 AM
do you think its good if whole world will have ICO regulations?
do we want that?
why?
and what can be a solution for that?
do we want that?
why?
and what can be a solution for that?
As for me yes, it would be a good idea. So that we can weed out in the beginning those ICO that are really scamming investors of their hard earn money. Instead of countries are one by one cracking it down which is not good to the market. China has started it, crashing the price last Sept then South Korea follow as well. Those investors in bitcoin losses confidence once they see that country are taking a hard line against it. So much better to just put a regulation and that company should apply and get a permit or license before offering any ICO.
October 05, 2017, 02:33:41 AM
Yes there should be a worldwide regulation of ICOs in order to prevent scam and kick out potentially worthless ICOs.
Many ICOs had been created for raising funds and then scamming people and many people were scammed. In order to prevent that from happening in future, regulation is necessary.
This can be achieved by creating a general website for ICOs stating the rules and regulations for them to be followed and laws that will be applied on them. People could complain about the ICOs there and then the cyber crime department could take action against them.
Many ICOs had been created for raising funds and then scamming people and many people were scammed. In order to prevent that from happening in future, regulation is necessary.
This can be achieved by creating a general website for ICOs stating the rules and regulations for them to be followed and laws that will be applied on them. People could complain about the ICOs there and then the cyber crime department could take action against them.
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