Topic: Should ICOs be regulated (Read 24211 times)
Definitely yes, just imaging after regulation no scammers on the ico market, every project is legit and you are confident that those guys will come up with a reliable project. It is a dream for crypto industry.
The issue I have been raising for long. There are reports of scams and frauds taking place, which has not only discouraged investors but alto tarnished the image of cryptocurrency. The interesting fact is that scammers are walking free without any fear of being arrested. This maybe due to lack of regulations and crypto-related laws. So regulations should be in place.
ICOs must be regulated but by their own way. There has been always a great need for secure investors but this can't be done by governments.
This is why never give KYC. It has nothing to do with being legit. They probably sell that info anyway or even threaten you with it who knows. Not the kind of people you want to be involved with never mind have them know what you look like and where you live.
Regulated ICO? Regulated by who? You will just have higher level crooks that is all. Corrupt regulators and corrupt regulations that only look after an elite group and noone else.
I think we should have the option to pick between regulated and none regulated ICO. It is out money to invest after all.
Regulated ICO? Regulated by who? You will just have higher level crooks that is all. Corrupt regulators and corrupt regulations that only look after an elite group and noone else.
I think we should have the option to pick between regulated and none regulated ICO. It is out money to invest after all.
KYC dont have relation with the project. Most project need KYC because developers team want to comply government regulation. With regulation, at least we can report that there is a citizen need protection from government
I think that regulation is a necessary measure because there are too many scammers on the market. because of which investors are afraid to invest in projects. perhaps regulation would solve this problem.
Permission to make is indeed important and also needs to be done for the developers ofico. this is to get the trust of the community or investors because they already have permission to be able to make funding with ico
I think that regulation is a necessary measure because there are too many scammers on the market. because of which investors are afraid to invest in projects. perhaps regulation would solve this problem.
Many believe that regulation is the cornerstone for ICO projects, but do not think that everything will be so simple, because in the case of regulation projects will have to reckon with the law, which will often be a hindrance in fundraising.
Hindrance for some who are not legit, but if the team are legit, they would follow the law and pass the requirements to conduct an ICO. I believe the requirement is not that hard, the government purpose for ICO regulation is just to protect the investors who are at high risk here.
Many believe that regulation is the cornerstone for ICO projects, but do not think that everything will be so simple, because in the case of regulation projects will have to reckon with the law, which will often be a hindrance in fundraising.
Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.
I suppose a regulatory body be set up to audit the ICO process and the founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?
I suppose a regulatory body be set up to audit the ICO process and the founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?
I think this ICO really should be regulated. The large number of ICO frauds is very troubling to the public, making the crypto currency market fall as badly as possible. If indeed this ICO still wants to survive in the crypto currency then it should be arranged. This minimum regulation concerns whether or not it is appropriate for ICO to be present in the market and how much this ICO is responsible for the project. I am sure this will reduce fraud from the ICO and increase public confidence in joining ICO again.
I am in favor of ICO regulation. I see the urgency of ICO being regulated. Especially most of the projects do not pay the amount because investor are starting to be diligent enougn to be diligent.
I agree that the ICO must be regulated, because now the ICO has lost a lot of trust and many people are now turning to the IEO. if not regulated, maybe in the near future the ICO will be extinct.
So? the whole point of a free market is to let people do as they wish, if people keep investing in an ico that will never gave to them a chance to make money then that is their problem and if this causes icos to disappear then that is the problem of those that would like to develop coins, the most successful coin in the market, bitcoin, never went through an ico and look at its success.
Regulating ICOs will combat the incessant occurances of fraud and also putting ICO teams on their toes to make sure they use the money raised to deliver the promised product.
It doesn't need to. If you believe in government regulation you could use STO and IEO.
Things should be done in a way that makes scams and substandard projects hard to raise fund via ICO. This can be done in blockchain friendly manner or without relying on central authority
Things should be done in a way that makes scams and substandard projects hard to raise fund via ICO. This can be done in blockchain friendly manner or without relying on central authority
This is why never give KYC. It has nothing to do with being legit. They probably sell that info anyway or even threaten you with it who knows. Not the kind of people you want to be involved with never mind have them know what you look like and where you live.
Regulated ICO? Regulated by who? You will just have higher level crooks that is all. Corrupt regulators and corrupt regulations that only look after an elite group and noone else.
I think we should have the option to pick between regulated and none regulated ICO. It is out money to invest after all.
Regulated ICO? Regulated by who? You will just have higher level crooks that is all. Corrupt regulators and corrupt regulations that only look after an elite group and noone else.
I think we should have the option to pick between regulated and none regulated ICO. It is out money to invest after all.
It is not going to be,even if it gets regulated then most benefits will go for the government not to the investors so learn ourselves to eliminate the scam and shit projects are the better way.
you are not right. The regulation will definitely come to the cryptocurrency market, and ICO / IEO will also be regulated. just now regulators have not yet found a way to introduce their control in this market
It is not going to be,even if it gets regulated then most benefits will go for the government not to the investors so learn ourselves to eliminate the scam and shit projects are the better way.
you are not right. The regulation will definitely come to the cryptocurrency market, and ICO / IEO will also be regulated. just now regulators have not yet found a way to introduce their control in this market
It is not going to be,even if it gets regulated then most benefits will go for the government not to the investors so learn ourselves to eliminate the scam and shit projects are the better way.
As you know most of ICO was scams in past and now also scamming with investors so IEO is good trend for investor ,so should be regularized .
Such an organization is necessary to regulate the ICO, but until cryptocurrencies are recognized by law as assets that should receive legal status, there is no need to create it. In addition, the industry itself responded to this problem and now the emphasis has shifted in favor of IEO and STO.
Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.
I suppose a regulatory body be set up to audit the ICO process and the founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?
I suppose a regulatory body be set up to audit the ICO process and the founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?
Of course 100%, ICO's should be regulated. What happened last 2017 really put a dirt in the faces of investors due to scam projects and it was not really good sight to watch. Great thing that STO's and IEO's is now happening and that provides the security that us, investors needed when participating in these startups. A project that has one of the guys who founded Pokemon has their cryptocollectible project in an IEO and it sold out, easy. A reputable name and sales to back the project up will definitely help. Though ICO's are not really dead, they're still worth to look at as long as you DYOR.
IEO is everything ICO should have been. Safer, more reliable, better controlled. There is no longer a need to sling your personal data at hundreds of different providers, hoping to gain "exclusive" access to an ICO.
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