Is ICO regulation good or bad? - page 37.

mangodream

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Quote from: sheld0n on September 02, 2017, 04:49:54 PM

More and more countries are planning to regulate ICOs. China, Canada, Russia,... I think this in an development nobody can stop. Do you think it is good or bad that ICOs will be more regulated in the near future? What positive and negative influences will it probably have?

I think there will be more investors like professional managed funds or even retirement funds which will invest into ICOs. The prices for ICOs will then become even more expensive and make it more difficult to make profits for small investors.

It depends on what is really planned :

- If regulation comes to really protect citizens and investors against scam et fraud, this is actually a good thing.
- If regulation comes to control citizens, fight against cryptocurrencies to maintain the government's strength (central bank's power, centralized companies...), this is not interesting at all.

For now, cryptocurrencies world is a bit like the Far West...

Barcode_

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Join the world-leading crypto sportsbook NOW!

In my opinion, I feel it is bad for the government of any countries to set too much regulations on ICO project, there will always be scammers who are making use of ICO project to scam people money, but it is everyone duty to ensure they are investing in the legit ICO project, this will surely affect a lot of legit companies from getting funds in the future through ICO.

Prodigan786

sr. member

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Yes ICO should be regulated some people are involved with the scam in the name of ICO . They are doing professionally . I think there should be some strict rules in Bitcointalk for ICO because it is the largest and most knowing Forum in cryptoworld. Even some people are coming up with claiming good project also Scam for their personal benifits.

coin_1122

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Yes, it is always good because money will be secured in government hands and also what they mentioned in Roadmap they need to develop. Around the globe, there are many companies have ideas but don't have money to start those this is going to be the best opportunity to those companies.

montyf

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I think regulations will bring some calm to a very chaotic situation. I read somewhere (I'm too lazy to find the reference) that there are about 60 new ICOs a week. Many of those are on face value not really worth anything - some of the ideas don't make much sense and the link to blockchain is tenuous at best. So in this regard, regulation in the ICO space will calm things down and hopefully eradicate the scams.

However, I don't believe regulation will be easy to implement, mostly due to the entire system being decentralised. It will be virtually impossible to police unless the entire world's countries agree to implement the regulations.

In reality, we will likely see a mass correction through self regulation. People will become aware of the pitfalls and and the dynamics at play, and understand the pros cons of an ICO more pertinently. If there are government imposed regulations, it will probably fall along the same lines as anti money laundering and KYC laws, with guidelines for both backers as well as companies offering the tokens.

I think right now, however, the more conservative amongst us are hoping some sort of regulatory framework will be published to at least take away some of the uncertainty.

viber1234

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but this is blockchain existence. that everything runs on mathematical formulas and not on laws or politicians?

am i wrong?

rgm108

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It's pretty bad currently, most countries regulators don't really understand crypto-currencies and since ICOs are technically crowdsales or crowdfunding limits there ability beyond outright banning (China) which then restricts fin-tech companies from innovation. Catch 22 really.

kirito1614

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In the long haul this should draw more cash into the coins. Control is great somehow instead of forbidding them which is a significantly heavier offense if at any time that'll happen. It will be awful in the here and now as this is influencing ICOs and making some be delayed or even drop. ICOs is terrible to the individuals who make it as a type of draining bovine or for misleading purposes.

yusuf98

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This is one step to make ico different. Because this regulation make ico create with difficult. But scamner is not easy. Ico Will create with different rule.

tylerik1

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Some regulations for ICOs would be great for the market. I dont like it, that some many people get scammed in ICOs, theyre just looking for a great invest and then they invest in a big scam and loose all their money.. With some regulation we will see more investments in stronger projects and the scam projects wont get big attention in the future!

nappoleon

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I think regulations are inevitable simply because there are more stupid people than smart ones plus greedy bastards making ridiculous marketing moves on unsuspecting investors so the fed may claim that it needs regulation.

Steve Worker

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Quote from: doedz on September 28, 2017, 01:15:13 AM

So far the ICO has been worrying, too many ICOs are present and everyone is racing to invest. there must be a standard rule to regulate ICO to keep investors. China is doing the right thing, in the end ICO will be more qualified.

May there be a blockchain technology on controlling the ICO?

alien-fx2

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Byteball: DAG, Built-in Chat, Conditional Payments

For users it might not be so bad, since it would prevent ICO creators from using gimmicks to fake the ICO results. This may also make them think twice before offering a product that not only does not exist, but may also never exist.

hdclover

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Quote from: brunoblock on September 28, 2017, 02:14:32 AM

Bad, it removes from decentralization which is the whole point of crypto currency in the first place.

There are more than enough decentralised projects here. And it won't remove decentralisation because they are only controlling the money flow of ICO and not the whole project. ICO regulations are a good thing as they will control the flow of money to the scam projects. Just check how many new projects popped up this month.

sugataka

newbie

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I found this "free ether giveaway" program.
Maybe its promotion of ICOphile but i cannot judge scam or not.
Do you think it is scam?
http://sociali.io/ref/n9498539

The Cryptologist

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Yes , it's going to be for our own good and scam ICO will be avoided so investors won't lose too much of their money.

brunoblock

member

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Bad, it removes from decentralization which is the whole point of crypto currency in the first place.

Amalker

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Regulation in ICO is very important thing. With regulation will be less risks and more big companies will want to invest gig money.

dhka

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I think it is a good sign, once it is noticed by government it means it is a big thing and getting bigger Grin

Cryptocurrency cannot be stopped, it can be only regulated

ukboss

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ICO regulation is very good for those people who is a best cripto trader. In this online market there are many new trader came and they don't know about alt coin so it is a very good for new trader. ICO is very good for new company and they know about his company result.

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