Topic: Punishment for ICO for being scammed. - page 2. (Read 922 times)
Right now I don't think there is any punishment for scam ICO since it decentralized and also most of the ICO are not regulated... The major reasons why there won't be punishment for them is that it not been control by the government.
I think that as for any mechanicheskiy scheme,and especially as Negros and and very strong,as people spend years desyateletiya life to zarabotat money and invest in some project,and live well,and when these Scum throw people,they steal their lives,part of lives spent on the accumulation of money,so the punishment should be sootvetsvenno,according to the law of Karma
Currently there is no system, by which we know that the particular ICO is good or bad.
And also at current situation there is no rules & regulations for ICOs, that's why they played with the emotions of investors or bounty hunters and scammed these people.
I think there is a compulsory need of regulatory body to control ICOs because if any ICO being scam people, then there should be take legal action against them and also gave punishment of life imprisonment to these types of people by regulatory body. So that no one can think to cheat or scam people in the future.
And also at current situation there is no rules & regulations for ICOs, that's why they played with the emotions of investors or bounty hunters and scammed these people.
I think there is a compulsory need of regulatory body to control ICOs because if any ICO being scam people, then there should be take legal action against them and also gave punishment of life imprisonment to these types of people by regulatory body. So that no one can think to cheat or scam people in the future.
Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
I am also agree that some ICO who were turned to be scammed will be punished by the law and also its a good option that there is a punishment for it so people will easily be aware where to invest and its a good move for those legit ICO's because they get less competitors as well .
I can state that not the majority of the ico's at first were trick, some of them simply don't accumulate enough cash to accomplish their objectives and we ought not censure them, since it isn't in their obligation circle.
At this stage it is impossible . but over time will decide this question . But now only deep Analytics will help to reduce risks
Let's be clear, ICOs on rare occasions are plain deceitful or fishy project, It's my view that the certain problem frequently is usually one awful business conception from the beginning.
if there are any bodies of law certainly it would be very helpful because it can reduce the scam ico. we know that the scam ico is very detrimental to investors and bounty hunter. we should be able to choose a good ico to avoid the scam ico by looking at the whitepapers and the teams that handle.
Know individuals running ico by checking their linkedin profile. Check their site if it's genuine. These are only a portion of the focuses we have to check before contributing. it's extremely difficult to tell which one is a trick or not. The best way to guarantee you won't get misled is if checking input from individuals
There is no authority that could hold up justice inorder to penalize those who are stableshing fake or scam ICO.
Regulations for ICOs are needed worldwide as it is impossible always to detect the scams Yourself even if You make Your own research.
Investors founds must be protected somehow as it has no sense what is happening nowadays .
Investors founds must be protected somehow as it has no sense what is happening nowadays .
a regulation of the ico would be good, but certainly very difficult to implement. many countries have different laws and it will be difficult to regulate everything icos. but even if icos are regulated, cheaters will always look for and find a way to make money with it.
We have to admit that in this respect we are absolutely helpless. Even the most successful investors have already accepted this, they realized that it is necessary to carry out a thorough assessment and analysis on the market independently.
Regulations for ICOs are needed worldwide as it is impossible always to detect the scams Yourself even if You make Your own research.
Investors founds must be protected somehow as it has no sense what is happening nowadays .
Investors founds must be protected somehow as it has no sense what is happening nowadays .
Investors need to be more attentive to the choice and evaluation of the project - this is the only way to protect themselves. There are no other tools on the market yet.
Perhaps in the future the situation in this respect will gradually change. But it is hardly possible to talk about a complete correction of this situation, because there are no organizations for control of security yet.
In any industry substantially more the individuals who are online in nature there will dependably be individuals who are utilizing their gifts, aptitudes, capacities and imagination to trick and snatch cash from other people...and we are defenseless in really altering their opinion so the best activity is for us to be dependably be watchful. This is one ground why numerous nations are directing (and notwithstanding restricting) the assistance of an ICO in light of the fact that controllers feel that they should ensure their nationals against the conceivable tricks. Presently, in my view the most ideal approach to manage this is to have body set up by the business itself to screen ICOs so that "speculators" would not be denied of their cash and time. The well known Vitalik Buterin proposed the DAICO stage which has component to ensure the ICO members and I imagine that it ought to be expected of all ICOs...but on the other hand in a decentralized market there is an issue with reference to who will actualize it as we as a whole here on a deliberate premise. We require controls with the view to ensure the speculators yet not to execute the stage and self-direction is the most ideal way.
So far, there is no regulation and authorization, which is responsible for taking action on those ICs, who make scams, and disappear by taking money from the innocent people who invest. There is a great need to create a special international legal body in order to control the ICO, to prevent the scandal in this market and to make the market prosperous.
Till now, no much regulations are there to punish those ICO who scammed people after their issue and run away with money. Regulations are demanded for all these reasons as when this crypro currency market goes through regulations then no one can scammed people as they bound by the rules and they can be punished for any scam. Many countries are going forward to regulate this market.
Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
In General, each country has its own laws. But here the situation is a little different, the scammers know how to bypass many laws, while remaining anonymous and thereby mislead the society. I believe that until a single system of tracking and registration of ICO projects is created in the world, fraud will flourish. But unfortunately, geopolitics at the moment is not yet ready to make such global decisions.
Punishment is necessary for scammed ICOs. unfortunately, its remain on looking for investors. there're no law that was required for ICO.
The Government have to manage it in order to validate the team behind of any project.
The Government have to manage it in order to validate the team behind of any project.
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