Topic: Should ICOs be regulated - page 43. (Read 24211 times)
That is the best thing that could happen to the cryptoworld, the proliferation scam and shitty projects gives reasons why regulation should be the best way to protect investors and bring confidence again to ICO market. Currently investors have lost confidence in participating in ICO's and bringing in regulation will revive the investors interest again
it seems that cryptocurrency, including ICO, does not need to be regulated because all cryptocurrency should not be controlled by anyone, but there are some countries that provide and implement regulations regarding the use of ICO.
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?
Ico and projects in cryptocurrencies should be regulated. I have lose some money investing into some scam projects this year and last year. I have also stopped investing into icos and even bounty as 70% of them are scam and fake. 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?
Regulations and monitoring is the best way to go if we must succeed in ico and our investments must yield profits. Moreso, we might need insurance also that can refund investors find in case of hackers and others vice in cryptocurrencies investments. For those that are enthusiast it is good we push for icos regulations and monitoring in other to bring more investors into the market.
KYC for the developers should more than enough to prevent the scam ico.
I like the idea of verifying the developers first by requiring them KYC.This gives confidence to the investors so everyone can check their backgrounds if they have been part of a shady project before. There should be a united law for ICOs worldwide for this one so investors can be protected and knows on who are the people that you can chase if they scam.
The agency assigned to audit the ICO project is a very good idea. However, how to form a body responsible for examining ICO projects. This is a very good step because it will reduce fraud projects. And there will be more projects that will be successful.
It's so easy to make them all registered on the regulators but the problem is when the rules can't be applied in another country because they have their own right to determine ico as an important thing need to be audited or not. KYC for the developers should more than enough to prevent the scam ico.
The agency assigned to audit the ICO project is a very good idea. However, how to form a body responsible for examining ICO projects. This is a very good step because it will reduce fraud projects. And there will be more projects that will be successful.
ICO regulation has become an important way. If ICO continues to evolve as it does now, ICO may disappear. This will not increase ICO investors. Now investors are tired of fraud, and only proper supervision can restore the price of Ethereum.
Who is the regulator body, because I see that there is no one being the regulator body here, then what will be made compensation, if the official regulatory body is formed
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?
That is a good idea! There are also platforms that minimize such risks associated with some projects failing to meet their expected goals; still using smart contracts. But the funny thing is that they are also ICO-oriented. 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 am in no way associated with this platform but i think they have a nice offering,W12.io
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?
Regulation is good but there should be a proper step on it. I may not know exactly what are these but I hope it includes requirement to full background check each team member and hold a certain amount of money from the team by the regulating body.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?
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?
This is a good idea, but how to implement it and who will take on such responsibility? At the same time, if there is tight control for projects, it means for investors, too, so you need to think carefully about the regulation of the market for ICO projects. 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?
Indeed we need some regulation for ICO. People are not aware of the scams that causing a lot of loses. Moreover this regulation ought to be not so strict which can help development of new projects faster.
the fact that there must be some body or commission that can regulate or certify projects is very logical, the number of fraudulent projects would be reduced by several times.
and investment would be less risky that would attract new investors
and investment would be less risky that would attract new investors
Those scam and worthless ICO are the root cause why we are experiencing this red market and why cryptocurrency still unable to be regulated properly. It is time for them to be regulated seriously to protect its investors and also to avoid creating repeated projects with the same concept. Honestly, we no longer need any more altcoins. It is time for them to start supporting existed altcoin for a better future.
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?
Regulation is good but there should be a proper step on it. I may not know exactly what are these but I hope it includes requirement to full background check each team member and hold a certain amount of money from the team by the regulating body. 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?
IMHO, ICO regulation is mandatory. It will make things much safer for people who invest money in ICO campaigns. Of course, ICO founders will have to spend additional costs and time to comply with regulatory requirements, but still it will bring many benefits for the investors.
Regulations may give better results in short-term but we can be sure about what will happen in long term as this may kill core concept of entire crypto-currency world; decentralization. The high level of scam you have mentioned could be avoided if you do your own research and analysis. Hence, asking for regulation is not good in my opinion.
You got everything right. But, most people here are not ready to spend their valuable time for their research and analysis but relying on other people for choosing bounty programs or else coming here for regulations and other things like getting paid from bounties in BTC or ETH. Both in short term and long term, regulations will kill this healthy environment. It means the real people who are all having very good concept but not having enough funds definitely will get affected due to regulations.I would very much like startups in this market to start to be regulated as there would be much less fraudulent projects
You can easily avoid those fraudulent projects if you are aware of few methods on how to filter out them. That is not a big science but no one here is ready to learn those methods but asking for something impossible nor something completely against our crypto world. Really shocking 
. 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?
That's why they require KYC to all people involved just to solve the issue but maybe we are in the wrong directions as we submit our personal data of information but the most imprtants as we know is we have to find a way , maybe someday we can come up with the perfect solution for this problem .
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?
if you see a lot of ico scams, isn't that really necessary. a regulation that can solve ico fraud problems is indeed needed at this time.
I would very much like startups in this market to start to be regulated as there would be much less fraudulent projects
Jump to: