"regulatory committee" will have no effect on the problem of scam in the crypto world, I think if it was made it would only cause new problems because of the new rules. without any limitations like this new projects emerging and participating to provide jobs.
if it wants to stop scam problem, then stop the new project that gives money for their ICO market. (meaning there is no work for us)
Topic: Is there any regulatory committee for crypto? - page 2. (Read 285 times)
something like that already happened to new coins distributed through ICO, the coin coin is accounted by the Developer of a project, but still for the price of the coin it depends on Supply and Demand, and its use.
this is a decentralized market and everyone will at least pretend to be decentralized or aim for it. that means even if there were some sort of "regulatory committee" then majority of new projects won't participate in it and continue working without it. that means the scams will continue to exist!
the problem with scams existing has never been about regulations,... it has always been because of people's greed. they all want to make a lot of money in a short time and that helps these scammers create false promises and illusions to lure them in and take their money. for example if people stopped giving their money to ICOs then the market would have been 10 times cleaner.
the problem with scams existing has never been about regulations,... it has always been because of people's greed. they all want to make a lot of money in a short time and that helps these scammers create false promises and illusions to lure them in and take their money. for example if people stopped giving their money to ICOs then the market would have been 10 times cleaner.
There is no regulatory body yet for crypo since it is decentralised. But there can be one for every government but then the decentralisation part of crypto will be compromised. So there many complications in this scenario.
Yes it is true that the grip can reduce coin by investor, I strongly agree with your opinion to reduce fraud in investing.
I think the setting committee for crypto must exist.
Because some criminals are involved in financial scams or pyramid schemes under the protection of virtual currency. that fake cryptocurrency often arises and causes investors to suffer huge losses.
This is my opinion.
Because some criminals are involved in financial scams or pyramid schemes under the protection of virtual currency. that fake cryptocurrency often arises and causes investors to suffer huge losses.
This is my opinion.
I think there should be a regulatory committee under the coin launching firm. By implementing this, I believe so many scams can be reduced. What is your thought??
Jump to: