Topic: Ico and sec regulations - page 2. (Read 733 times)
In today world there is no sign of regulating the ICOs market like the stock, bond or any other securities market. Because while we talk about the extraordinary features of the digital currency that nobody can track the original receiver and the sender of the identity except the transactions record in the public ledger in the blockchain. So, how any Govt. take the risk of the defaulter.
If ICO is regulated as investment by security and exchange council, the ICO space will be safe and there will be few legit and genuine ICO to invest in! It will be advantageous to investors because it will be difficult for anyone to run away with investors money.
So how the ico sales and buying will look like after sec will regulate the ico.
What will be changed for investor if the new system will be for the ico-s ?
What will be changed for investor if the new system will be for the ico-s ?
I think sec has an important role for ico who is in America, some ico have been declared scams by sec, this is not good because it should be while ico is still selling products that can already be blocked by sec.
I think we need regulation for ico.
If there is someone to regulate the ICO then there will be less scamming happen, the buy and sales maybe going to be a bit complicated, but it will be good for crypto development, crypto can get a positive support if the investors know that they will have a better security for their investment
IF?
I just said that the SEC regulates startups with a Reg. CF offering.
There is no "if" about it. The regulator is the SEC and it is being done NOW.
Check this if you don't believe me: https://www.startengine.com/monetran-llc
Regulation is here and companies that have nothing to hide are complying with it.
Period. End of sentence.
If it will be regulation we will see less scum, more security tokens but KYC will be required for all ICO.
If there is someone to regulate the ICO then there will be less scamming happen, the buy and sales maybe going to be a bit complicated, but it will be good for crypto development, crypto can get a positive support if the investors know that they will have a better security for their investment
Quote
I agree.
On the other hand, I heard about the project, which was created on the basis of crowdfunding - which in the US is allowed, but each of participants got cryptocurrency tokens as shares.
So there is a way.
On the other hand, I heard about the project, which was created on the basis of crowdfunding - which in the US is allowed, but each of participants got cryptocurrency tokens as shares.
So there is a way.
Monetran is now accepting both foreign and U.S. investors but we give participants units, which consist of a "share" of equity plus a token as a perk.
The tokens are utility tokens and the unit is analogous to a "share" of ownership in the company.
i think so many ICO' restricted to USA citizen, and SEC yurisdiction is only USA citizen right? a lot of investor out of USA, not have to worried about SEC
Not true. I've just gone through the process and we will be available to both U.S. and foreign investors.
What you are probably thinking about is the fact that SEC regulated companies must be based in the U.S.
You are correct. SEC compliance is very difficult. And expensive. But legitimate startups know that to gain universal acceptance they must come under some regulatory guidance.
Just because BTC escaped the SEC because it was deemed a utility token does not mean that the SEC accepts that everything that operates using BTC is compliant.
Expect those who shun regulation to be in line for fines and legal proceedings.
It's only fair...
I agree.
On the other hand, I heard about the project, which was created on the basis of crowdfunding - which in the US is allowed, but each of participants got cryptocurrency tokens as shares.
So there is a way.
I think if there is a regulation about the ICO, it is quite convenient for the protection of investors' funds and it is certain that IO is a really convincing person who will be there. And reduce the impact of fraud.
There are countries who needs to monitor each transaction in cryptocurrency, I wonder how well they can maintain their regulations. There are many countries who experiencing crypto regulations now. Quote
It will really cut out a lot of them as far as I am concerned, because in that case, you will actually need to meet up with regulatory compliance before you will even be considered legit and as long as you are not legit, seeing investors will not even be a thing.
You cannot see any scammer behind bars because they do not usually leave their footprint but at the same time, we would end up seeing a cleaner space eventually as we tend to see people beginning to know what to look out for and that obviously would get scammers frustrated knowing there is nothing for them
You cannot see any scammer behind bars because they do not usually leave their footprint but at the same time, we would end up seeing a cleaner space eventually as we tend to see people beginning to know what to look out for and that obviously would get scammers frustrated knowing there is nothing for them
With regard to "leaving a footprint," the SEC process requires all founders and officers go through a background check.
Both I and my top team members had to be checked before getting approval.
And we had to pay for it.
So how the ico sales and buying will look like after sec will regulate the ico.
What will be changed for investor if the new system will be for the ico-s ?
I don't think we have to change anything for investors - the company who wants to run an ICO has to register to show it to the investors. If they register and the SEC confirms it, there would be less scams and more credibility of new projects. What will be changed for investor if the new system will be for the ico-s ?
I think if there is a regulation about the ICO, it is quite convenient for the protection of investors' funds and it is certain that IO is a really convincing person who will be there. And reduce the impact of fraud.
The fact is that if we take for example the United States of America, then in this country it is already at the state level to fight against fraud in companies. Thus, there are processes that do not allow fraudsters to deceive users of cryptocurrency and investors. This is a good example for other countries. i think so many ICO' restricted to USA citizen, and SEC yurisdiction is only USA citizen right? a lot of investor out of USA, not have to worried about SEC
Not true. I've just gone through the process and we will be available to both U.S. and foreign investors.
What you are probably thinking about is the fact that SEC regulated companies must be based in the U.S.
You are correct. SEC compliance is very difficult. And expensive. But legitimate startups know that to gain universal acceptance they must come under some regulatory guidance.
Just because BTC escaped the SEC because it was deemed a utility token does not mean that the SEC accepts that everything that operates using BTC is compliant.
Expect those who shun regulation to be in line for fines and legal proceedings.
It's only fair...
Snip
That would eventually happen in the long run, but currently, the scammers are continually enjoying their profit from the newbie. Even with lack of regulation but as long as people will not rush to investing, I mean they should make a research, educate themselves, it could help minimize the scams.
I think if there is a regulation about the ICO, it is quite convenient for the protection of investors' funds and it is certain that IO is a really convincing person who will be there. And reduce the impact of fraud.
I don't care about SEC regulation. for any reason including protecting investors from losses, I am sure and believe that ICOs and crypto currencies will continue to develop without the SEC regulatoin. because we have our own community
I agree with you, because indeed an investor must be truly protected, because investors are a group of people who succeed in an ico.without an investor, an ico cannot be said to be successful.
In that case, I believe that a lot of shit projects will go into hiding and it would be hard to see scammers trying to show their face when investors can easily verify if they are complaint regulation-wise or not. I believe this would help the space to mature pretty fast, build confidence among investors and then grow.
Even with lack of regulation but as long as people will not rush to investing, I mean they should make a research, educate themselves, it could help minimize the scams.
I don't care about SEC regulation. for any reason including protecting investors from losses, I am sure and believe that ICOs and crypto currencies will continue to develop without the SEC regulatoin. because we have our own community
I agree with you, because indeed an investor must be truly protected, because investors are a group of people who succeed in an ico.without an investor, an ico cannot be said to be successful.
In that case, I believe that a lot of shit projects will go into hiding and it would be hard to see scammers trying to show their face when investors can easily verify if they are complaint regulation-wise or not. I believe this would help the space to mature pretty fast, build confidence among investors and then grow.
So how the ico sales and buying will look like after sec will regulate the ico.
What will be changed for investor if the new system will be for the ico-s ?
Expect the market to be cleanse from shitty ico trying to earn a quick buck, or projects with vague ideas created with the sole purpose to attract investors only to exit scam at a later time.What will be changed for investor if the new system will be for the ico-s ?
Having a regulatorty framework making sure that the cryptosphere stays "healthy" from ico scams will help investors to trust the project they're investing in as ICOs will go through severe rules and only legitimate projects will survive. Hopefully, things will change for the better, and regulations will help attract more capital in the crypto ecosystem in the future.
And if icos gets regulated we will be having a fresh start for crypto space and people with evil plans will think twice before they execute their plan. Hopefully a strong regulation will further happen and those who have been guilty should be penalize.
However, this will take a lot of time to happen since SEC is still in the middle of ETF and ico regulation needed a lot of talk.
May as well stay away from ICOs, the only reason why people were making money before was because hype.
None of the hype exists anymore.
None of the hype exists anymore.
Unfortunately, many people think like you. Regulations are needed - especially to save people like you from losing money - without regulation, this money is unrecoverable without long-term processes. Personally, I am against regulations, but when I look at how people lose money irretrievably just because of their stupidity, I have to agree that legal regulations are needed.
May as well stay away from ICOs, the only reason why people were making money before was because hype.
None of the hype exists anymore.
None of the hype exists anymore.
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