Topic: Regulations in crypto market - page 3. (Read 671 times)
Last year's bearish market was somehow due to the scams, frauds, hackings, and theft lingering in the market. Investors lose their trust and confidence in a lot projects and investments. Now, the regulation topic is brought back this year due to the untoward incidences that are happening. But, I don't think regulation is welcome here. The basic principle of blockchain is decentralization, not regulation.
The effect of no regulation is very bad, lots of scam projects that resulted to lack of people getting scammed.
We need regulation to eliminate this problem to investors, and we will have an attractive market, we loss investors if the scams will increase in the market.
The government protects people, therefore they should make a universal law to monitor and regulate the crypto market.
Lots of opportunity for investors if they are protected, the current new set up of crowdfunding which is the IEO is not strong enough to minimize the risk, as it only minimize the risk in the crowdsale, but after the sale, the team can still scam the investors and leave the project, especially now that market can easily be manipulated and that is evident by the pump and dump situation.
We need regulation to eliminate this problem to investors, and we will have an attractive market, we loss investors if the scams will increase in the market.
The government protects people, therefore they should make a universal law to monitor and regulate the crypto market.
Lots of opportunity for investors if they are protected, the current new set up of crowdfunding which is the IEO is not strong enough to minimize the risk, as it only minimize the risk in the crowdsale, but after the sale, the team can still scam the investors and leave the project, especially now that market can easily be manipulated and that is evident by the pump and dump situation.
One of my major concerns earlier was the scam perpetrated through ICO's where a lot of funds is raised via those sales which they eventually do not list and where they manage to list on unpopular exchanges, they equally dump on unsuspecting victims. All thanks to the emergence of IEO's, at least it is no longer free to apply for IEO's and the fund is escrowed through the exchanges
I agree with you that at the moment there is no authority that should check projects for fraud and there is no legislative body that controls the activities of projects, I believe that this has long been necessary to do for the safety of each investor and of course for the security of the cryptocurrency market.
At the moment there is no international regulator body that can take cryptocurrency jurisdiction, regulations are each country obligation, like in the case for anti-money laundering and counter terrorist finance, some countries follow the recommendations emitted by FATF/GAFI (https://www.fatf-gafi.org/) adn its only a supervision job; and those who do not follow this recommendations or are consider dangerous, get into either a black list or a gray list, financial institutions may not do commerce with citizens from such countries.
Now, this regulations don work as an overseen job, it obeys to the supervision of transactions and transaction history, with limits applied to amounts for deposits and transfers. For instance, the total amount a person sends or receive in different money transfers or bank deposits. Also the names of the transaction holders are checked upon several lists provided by the FATF, if positive, transaction shall be denied.
This is the way exchanges are regulated, that's why, the greater the amount you want to transact, the more KYC information you have to provide. At the moment this is as far as regulation can go I believe.
Now, this regulations don work as an overseen job, it obeys to the supervision of transactions and transaction history, with limits applied to amounts for deposits and transfers. For instance, the total amount a person sends or receive in different money transfers or bank deposits. Also the names of the transaction holders are checked upon several lists provided by the FATF, if positive, transaction shall be denied.
This is the way exchanges are regulated, that's why, the greater the amount you want to transact, the more KYC information you have to provide. At the moment this is as far as regulation can go I believe.
At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
In my own humble opinion regulation is badly needed in the crypto space to help curve the fraudulent activities. since it can hurt the cryptocurrency market and also bring negative publicity to the cryptocurrency space and may result in low investors confidence, thats why it needs to be implemented as soon as possible. What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
Bitcointalk members have been doing a great selfless job by fishing out some scamming projects that are announced here, ICOethics have been good on this, you can follow them or ask them to review new projects https://bitcointalksearch.org/user/icoethics-2204241. Another way to fight scam is through IEO, conducting IEO in good and reputable exchanges and not just any exchange.
The thought on regulations is very awesome but few seem to understand this concept. Crypto has still not gotten to where it is supposed to have been because of lack of regulations. For Crypto to reach the mass adoption that we all are interested in, then there should be regulations which will gurantee any investor the hope and courage to invest in various projects since they will definitely know their assets are safe.
In my opinion, regulations in crypto market and especially in Bitcoin are not bad. We have been seeing ETH blockchain used by Canadian Government for financial transparency and this was considered very important and was applauded. If we happen to have the same sought of regulations in crypto, we would see its circle spending wide. In the US, Bitcoin is highly regulated and highly used.
It seems to me that a cryptocurrency has so many rules that even if they are held up they begin to contradict each other. So guys, live as you see fit.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
I have no seen anything so go that does not have its side effect. Yes regulation seems to be the utmost saviour in the space, most especially when it comes to protection from scam projects. The side effect might be the here might not be privacy again. Despite that regulation has not fully come into place, we are gradually loosing our privacy by giving out personal info in the name of kyc. At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
It will have a positive effect if we are going to have a regulator in this industry, but unfortunately, where the country will it comes from and who will create and nominated these regulators and how independent will they become, if these can be answered then we can start with setting up one for us.
It's possible to apply for upcoming STOs and IEOs. I don't think that regulation should be still applied with ICOs because it's starting to loose in the market and people's attention are being drag to the two new investment styles that I've mentioned.
In the future there will be new ways of collecting funds and regulation should be extended to all such instruments. without regulation chaos will continue 
It's possible to apply for upcoming STOs and IEOs. I don't think that regulation should be still applied with ICOs because it's starting to loose in the market and people's attention are being drag to the two new investment styles that I've mentioned.
If regulation is implemented that could help the crypto being popular in the world, in many investors who are planning to inter the crypto world and most of the project are being monitored if they are scam that could harm the investment of the investors.
regulation will make investors confidence and feel safe with their money.government will not issue banning policy to crypto market that could make market crashing and investors panic.by regulation crypto investors get certainity. 
At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
Scams are proliferating and spreading like a wildfire in cryptocurrency industry all because anybody can put up a project even a fake one, gather a team using fake profiles and then put-up a website where the crowdfunding is announced. Some scammers are excellent at what they do so they sometimes evade detection from the community. I am for the regulation of these projects to protect the interest of the investors. There should be an office that will look into the authenticity of the people behind the project and can issue an approval before any crowdfunding can be done. Hopefully, with the coming of the IEO under reputable exchanges, the chances of scams can be lessen. Just avoid participating with IEOs of doubtful and scam-filled cryptocurrency exchanges (and there are many of them).
If regulation is implemented that could help the crypto being popular in the world, in many investors who are planning to inter the crypto world and most of the project are being monitored if they are scam that could harm the investment of the investors.
Cryptocurrency is a two-edge sword, it can be a good thing in the sense that it helps curb the prevalence of scam projects and offer some form of protection to investors. The downside is that it increases government influence on the cryptommarket and can turn it into some kind of wall street monster,something we do not want in crypto. Also, it will kill innivation as small projecs will be lost in the many bureacratic hurdles they will have to meet before launch.;Let us enjoy the liberty and the risks crypto brings and learn to DYOR before investing.
At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
I think what you say is about security, but the essence of blockchain will be compromised if you allow third party to check on the legitimacy of each project. Well of course, the risk in investing to ICO is what we have to conquer and in the end the amount we can gain from taking the risk would be high.
At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
The problem is that it would be very difficult to regulate this companies, since it's now possible that anybody in the world with just an access to a computer and little knowledge of programming can create a startup with lots of investors waiting to make purchase of the coin as long as he/she can create an hype for the project, the only way it could be regulated effectively is if all the government of the world come today to agree on choosing one policy that would govern the crypto sphere, apart from this, then there is no other way.What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
The problem of scam started since we started having all these ICO projects that all want to create their coin for same purpose at which bitcoin does, and the investors that are gullible that they will always invest in any project they see believing it will create fortune for them.
I remember there was information that this summer the governments will start testing their technologies and their capabilities for regulating the cryptocurrency sphere, and maybe, if it will, then already next year the cryptocurrency will be regulated.
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