the Initial Coin Offering which is practically raising funds for no product is not the most legal thing in many countries. the fact that it is not yet banned all over the world surprises me a lot. specially since majority of the ICOs are pure scams!
my expectation is that all countries ban ICOs one way or another. at least extreme regulations for them is a must.
Topic: Philippines Securities Regulator Orders Halt to ICO (Read 145 times)
Well, the company behind the ICO is already in the Securities and Exchange commission's blacklist even prior to their ICO. They've been delisted from the Phillipine Stock Exchange due to 'violation of disclosure rules.'
This i a very usual response from a typical government like philippines,a lot of people here are making tons of money without any taxes involve the SEC should only regulate these ICOs like what U.S government does it is better than restricting all activities about cryptocurrencies.There are some government officials that are pro-cryptocurrencies that you dont know and im sure they will find a better way to stop these further regulations.
I noticed that lately it has been harder and harder to carry out ICO, all the same this fundraising process and it's very hard for the bankers who think they are the smartest, but in the end it turned out wrong, that's why they are lobbing their laws through the authorities
ICO does have a lot of problems and looks more like a bubble.
The Philippine government should regulate ICO, since the us and South Korea and China have also started to regulate ICO.
The Philippine government should regulate ICO, since the us and South Korea and China have also started to regulate ICO.
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