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Topic: Should ICOs be regulated - page 30. (Read 24211 times)

sr. member
Activity: 958
Merit: 256
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January 19, 2019, 02:27:40 PM
I do not think it will be regulated.  Who will regulate ICOs, nobody control cryptocurrency, so who will control ICOs, who will put restrictions, that's why scams rates are increases in ICOs.

ICO projects must register as a company. The regulations which are relative to the ICO depend on the country in which the project is registered. The scammers, of course, give false information, or choose such places where there is no regulation. It is important, when we check the ICO to look very well in which country it is registered and check that the country has the appropriate regulations. Without it, our money will not be able to recover.

   I agree with Dhiraj0077, who will regulate ICO`s and how? Except people nobody can regulate it, I mean community
itself. Not everyone should be allowed to create ICO`s, some supervisors should exist to monitor what`s happening
and when someone gives them a signal they should be able to check entire team and project.
   

You probably have not read what I wrote. For ICO to exist, it must be registered as a legitimate company. Whether or not you check credibility of ICO before investing it is only your decission (same as buying car for example and checking his technical condition - you can do it or buy it without checking). It is all about that company created on the base of ICO must have different regulations to protect investors. This regulations need to be established by governement. For investors should be important only that, where ICO is registered and what regulations are in that coutry. It for sure will be enough. But regulations in each country for sure should be made.
sr. member
Activity: 585
Merit: 251
January 19, 2019, 02:17:25 PM
Basically, it's all in our hands. ICO is nothing but the idea of ​​someone who needs money to realize their plan. It all depends on whether we believe and trust that person. It should be more important to educate people how risky is this kind of investment, than regulate the market.
jr. member
Activity: 294
Merit: 1
January 19, 2019, 02:10:11 PM
The ICOs experienced a lot of turbulence in 2018 and as such, I think the time is ripe for us to start regulating them so as to sustain the process.
full member
Activity: 672
Merit: 100
January 19, 2019, 02:00:22 PM
There are a huge number of different reasons why all the same cryptocurrencies should not be regulated, or vice versa should be adjustable, because today they are still cryptocurrencies and they should have anonymity, no matter what level it is.
hero member
Activity: 1708
Merit: 651
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January 19, 2019, 01:39:53 PM
   I agree with Dhiraj0077, who will regulate ICO`s and how? Except people nobody can regulate it, I mean community
itself. Not everyone should be allowed to create ICO`s, some supervisors should exist to monitor what`s happening
and when someone gives them a signal they should be able to check entire team and project.
   

In the case of regulation, no one should check anything by a signal, everything should be checked in advance, the project team must sign the relevant papers that oblige them to fulfill certain obligations, otherwise they will face severe punishment.
copper member
Activity: 112
Merit: 0
January 19, 2019, 01:32:53 PM
To say, almost all of the platforms that utilized money transactions should be well regulated, yes it is decentralized but it needs to kinda support it in some secure way to avoid frauds and scams. ICO's involves huge investors that needs to be protected.
copper member
Activity: 112
Merit: 1
January 19, 2019, 01:24:04 PM
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?

No not need, good ICO's do stand out in the market even that there's no regulation. Good ICO has responsible team that can handle the situation even the reputation of ICOs are decreasing.
full member
Activity: 700
Merit: 100
January 19, 2019, 11:21:07 AM
in my opinion it is necessary because given the huge number of ICOs that failed last year. because if this continues to be left then the investor will sooner or later disappear.
there must be strict rules for making ICO so that it can filter fraudulent ICOs.
sr. member
Activity: 1274
Merit: 261
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January 19, 2019, 11:20:58 AM
I do not think it will be regulated.  Who will regulate ICOs, nobody control cryptocurrency, so who will control ICOs, who will put restrictions, that's why scams rates are increases in ICOs.

ICO projects must register as a company. The regulations which are relative to the ICO depend on the country in which the project is registered. The scammers, of course, give false information, or choose such places where there is no regulation. It is important, when we check the ICO to look very well in which country it is registered and check that the country has the appropriate regulations. Without it, our money will not be able to recover.

   I agree with Dhiraj0077, who will regulate ICO`s and how? Except people nobody can regulate it, I mean community
itself. Not everyone should be allowed to create ICO`s, some supervisors should exist to monitor what`s happening
and when someone gives them a signal they should be able to check entire team and project.
   
member
Activity: 476
Merit: 41
January 19, 2019, 11:10:24 AM
Of course ICOs should be regulated.
And a lot of the "bad news" you hear about crackdowns on crypto in China, India, and Korea were doing exactly that.
Any civilized government should put forth laws to stop criminal behavior.
And they should follow up with prosecuting those that are criminals.
It's a good thing.

Of course, its not so simple, because and ICO can have investors from all over the world.
So an ICO can be registered in a country and be subject to those countries regulations.
But if you are not a citizen of that country, there is not much you can do to get money back.
For example, Japan is not responsible for taking care of American citizens.
sr. member
Activity: 958
Merit: 256
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January 19, 2019, 11:06:37 AM
I do not think it will be regulated.  Who will regulate ICOs, nobody control cryptocurrency, so who will control ICOs, who will put restrictions, that's why scams rates are increases in ICOs.

ICO projects must register as a company. The regulations which are relative to the ICO depend on the country in which the project is registered. The scammers, of course, give false information, or choose such places where there is no regulation. It is important, when we check the ICO to look very well in which country it is registered and check that the country has the appropriate regulations. Without it, our money will not be able to recover.
member
Activity: 644
Merit: 10
January 19, 2019, 11:01:38 AM
Because of scam ICO's lot of investor have already left this crypto market. With losing investor it directly affected to the market. So I think it is really good idea for regulation icos. But it should only for ICOs.
full member
Activity: 630
Merit: 100
January 19, 2019, 10:47:39 AM
Ico should be regulated rather it must be regulated because without any rules and regulations no body will cheat to the investors and faith of the investors will also increase. ICo regulation must be under many critical process and approve to only the projected ico, other wise deny the approval.
full member
Activity: 458
Merit: 112
January 19, 2019, 10:23:03 AM
FOR ME~!
For the sake of the investors and bounty participants.
ICO should be regulated so the scammers have no room for them to run the money of people.
2018 is not a healthy year for ICO because of many scammers.
member
Activity: 476
Merit: 19
January 19, 2019, 10:19:29 AM
Most likely, in the future, the ICO will indeed be regulated and subject to the new legislation. Now all governments understand that the regulation of the digital economy is necessary, so they are trying to develop laws that will cover all issues related to ICO as much as possible.In order to protect the rights of investors and participants of bounty campaigns from scam and data theft, it is better to introduce ICO regulation and establish responsibility for the appropriation of funds of investors and ordinary people.
full member
Activity: 756
Merit: 101
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January 19, 2019, 09:26:50 AM
I think ICO must be tightly regulated given the many cases of fraud at this time. ICO regulations should also be sorted and must be able to improve ICO quality. I am very supportive if the ICO has strict regulations.
I also think that investors will come to the ICO market again when this market will be regulated by the law. otherwise people are not willing to lose their money.
jr. member
Activity: 212
Merit: 1
January 19, 2019, 09:17:52 AM
Any measures against fraud will benefit the cryptocurrency community, whether investors or bounty hunters. Control and levers of influence on ico are necessary, because investments have always been associated with risk, but now these risks have become intolerable.
All ICOs occur through the blockchain. Everyone around wants decentralization. If any state body emerges that will control the projects, the whole idea of decentralization and independence from the state will lose all meaning.
member
Activity: 332
Merit: 11
January 19, 2019, 09:17:34 AM
I think ICO must be tightly regulated given the many cases of fraud at this time. ICO regulations should also be sorted and must be able to improve ICO quality. I am very supportive if the ICO has strict regulations.
sr. member
Activity: 462
Merit: 251
January 19, 2019, 09:05:12 AM
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?
It's difficult to regulate the increasing numbers of ICOs since cryptocurrency has not totally accepted by the government but I'm hoping we as investors / bounty hunters should be responsible to research them if they are legit before investing. This is a basic requirement to avoid those scam projects and minimize the losses.   
full member
Activity: 2184
Merit: 184
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January 19, 2019, 08:50:03 AM
ICOs should definitely be regulated considering that it can be used for money laundering. It would make newcomers trust the space.  However I don't approve of them requiring bounty participants to complete kyc since they didn't participate in the sale.
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