Should ICOs be regulated - page 46. | Bitcointalksearch.org

poodle63

hero member

Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

Quote from: Ngoziwealth on December 02, 2018, 09:36:36 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?

The regulation should be redirected to the team and not to the bounty participants. Remember about to prevent the scammers and it must be registered on the regulator or institutional. This will prove if that was created by a reliable team and it can be trusted. Let's focus on the team of ico itself

Asmh85

jr. member

Activity: 182

Merit: 2

Quote from: Ngoziwealth on December 02, 2018, 09:36:36 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?

Regulating ICOs only!!!!, I think that impossible without regulating the market as whole, first governments need to regulate the market and how they will be immersed in this market without hurting the soul of the cryptomarket.

Rustamm

member

Activity: 532

Merit: 18

Bitcoin lover!

Quote from: Ngoziwealth on December 02, 2018, 09:36:36 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?

I believe that the regulation of the activities of the ICO by the states should have happened a few years ago. Then the situation with fraud in this kind of activity would not have reached such a threatening scale. Pretty good conditions for the regulation of ICO prepared in Russia. If they are introduced, there can be no fraud of ICO teams at all. Before registering, the ICO team must have a significant amount on the bank account, I assume that they can go on to recover possible damages or fines. All fundraising activities from investors there should take place only through the bank and the relevant state bodies will control even the target expenditure of the collected funds.

masterrex

full member

Activity: 1820

Merit: 107

Quote from: Ngoziwealth on December 02, 2018, 09:36:36 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?

For me YES! Its should be regulated to protect the investors money from the scammer who running the shady ICO's. This people must stop its wrongdoings that victimizing the people around the world its time to set conditions when doing ICO's and other crowdfunding events.

Afiqa03

member

Activity: 532

Merit: 10

it seems that there must be a special team to be able to supervise or consider a program such as a company that requires investors and participants in bounty hunter campaigns to launch goals. whether the project, it is feasible or not so that there are not many fake bounty programs appearing and many frauds. which ultimately investors are reluctant to survive which results in losses.

Prolifik

full member

Activity: 588

Merit: 100

Of course, I know that many people do not want to hear about regulations, but this free market is more and more dangerous for investors, more and more scams are created to get quick money. Is that right?

bittraffic

hero member

Activity: 3038

Merit: 617

You answered your question yourself, its for the protection from scammers.

The nature of cryptocurrency however being p2p is decentralized which is going to be making it difficult, they can control the company/team that will be doing ICO but the currency itself may not be controlled due to volatility just as how BTC or ETH is.

Ngoziwealth

jr. member

Activity: 54

Merit: 1

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?

Topic: Should ICOs be regulated - page 46. (Read 24186 times)