Topic: Will ICOs be banned worldwide? (Read 422 times)
as a lot of scams now, ICOs need a worldwide regulation
Regulation will need to happen in order for all of these ICO's to be adopted. recently saw that unikoingold got their malta license to make legal esports betting in most of europe. https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/
What you say is true but look back on the first stage of the BTC and ETH we will see that only a few people recognize and see the value that these two coins bring them in the future. At the present time, the market needs to accumulate time and confidence from investors, and there will also be groundbreaking projects and better platforms. I would choose cryptocurrency instead of cash as it will still be safer depending on the political situation in your country.
I don't think ICO's will be banned Worldwide. There is too much potential in a lot of ICOs. That is not to say will be regulated. I believe a lot of countries will develop plans to regulate ICOs such as registering their companies with the government agencies responsible for investment markets.
Never ICO can be ban worldwide, I still think the future of ICO will be dynamic and there will not be any rigid rule on how to partcipate in them
some time ago I got an email about setting up ICO. The content is that there is an agency that filters out the procurement of ICO so that the ICO organized can provide good and professional results. I do not think all countries will be banned by ICO. But there should be a group that can set ICO for ICO can be a positive container in building projects that many benefits and uphold the professionalism
I don't think that's a great idea. And my thought ico will never band fully. Maybe they'll change some rules about ico but never banded.
'Initial Coin Offering (ICO)' An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.
Many ICOs are out there in the market, some are legit brilliant ideas, while some are merely scams leveraging from its non-regulated decentralized nature.
First country to ban was China. The country's authorities have ruled that initial coin offerings are illegal and has banned them from taking place. The Peoples's Bank of China (PBC), the country's central bank, and other regulating authorities have said companies raising cash via a cryptocurrency or digital token will not be allowed.
The ban comes after South Korea noticed that “raising funds through ICOs seem to be on the rise globally” and domestically.
The idea of an ICO was to fund raise yet benefiting investors globally, however due to its concept and lacking of due diligence, some deemed as an opportunity to ponzi scam yet getting away easily as there are no governing bodies yet.
In my opinion, it will be a matter of time this idea of ICO will either be pressed down and destroyed or stringent rules and regulations be implemented. In that case, wouldnt ICO be just another IPO yet money lost to organizations in between charges and fees? What are your views?
Many ICOs are out there in the market, some are legit brilliant ideas, while some are merely scams leveraging from its non-regulated decentralized nature.
First country to ban was China. The country's authorities have ruled that initial coin offerings are illegal and has banned them from taking place. The Peoples's Bank of China (PBC), the country's central bank, and other regulating authorities have said companies raising cash via a cryptocurrency or digital token will not be allowed.
The ban comes after South Korea noticed that “raising funds through ICOs seem to be on the rise globally” and domestically.
The idea of an ICO was to fund raise yet benefiting investors globally, however due to its concept and lacking of due diligence, some deemed as an opportunity to ponzi scam yet getting away easily as there are no governing bodies yet.
In my opinion, it will be a matter of time this idea of ICO will either be pressed down and destroyed or stringent rules and regulations be implemented. In that case, wouldnt ICO be just another IPO yet money lost to organizations in between charges and fees? What are your views?
Possible, china has started it, then South Korea, and now Russia. There ano rules and regulations set for ICOs and some are getting away with it by scams. Some are using social medias to get their coin hyped. I believe the government and banks should bamn only those illegal ICOs. They need to set legal actions to mandate these kind of stuffs. Though, banks are afarid of cryto taking over its position in the market.
I think it can't be happen to ban ICOs worldwide but some country has already ban ICOs like China, there are many benefits that government can get from ICOs like tax, my county don't ban ICOs an in fact they make some regulations on it.
After all the incidents took place and so many threads about ICOs there is just one conclusion that ICO may or may not be banned but it will surely be regulated. Personally speaking, ICOs won't be banned since countries like France and Taiwan are adopting regulated ICOs which shows a good support for the ICOs. Many other countries have regulated ICOs which means that it won't be banned any time soon. May be there will be some temporary bans but then they will be lifted too.
Maybe ICO is not controlled by law now because it's very new in the world. But in the future, governments will set the law to control it instead of banning. Because ICO has many advantages for startup community and government wil collect tax from this activity.
I would say regulations. The goverment wants a piece of the money most likely so in my opinion its more about how can we get money.
'Initial Coin Offering (ICO)' An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.
Many ICOs are out there in the market, some are legit brilliant ideas, while some are merely scams leveraging from its non-regulated decentralized nature.
First country to ban was China. The country's authorities have ruled that initial coin offerings are illegal and has banned them from taking place. The Peoples's Bank of China (PBC), the country's central bank, and other regulating authorities have said companies raising cash via a cryptocurrency or digital token will not be allowed.
The ban comes after South Korea noticed that “raising funds through ICOs seem to be on the rise globally” and domestically.
The idea of an ICO was to fund raise yet benefiting investors globally, however due to its concept and lacking of due diligence, some deemed as an opportunity to ponzi scam yet getting away easily as there are no governing bodies yet.
In my opinion, it will be a matter of time this idea of ICO will either be pressed down and destroyed or stringent rules and regulations be implemented. In that case, wouldnt ICO be just another IPO yet money lost to organizations in between charges and fees? What are your views?
Many ICOs are out there in the market, some are legit brilliant ideas, while some are merely scams leveraging from its non-regulated decentralized nature.
First country to ban was China. The country's authorities have ruled that initial coin offerings are illegal and has banned them from taking place. The Peoples's Bank of China (PBC), the country's central bank, and other regulating authorities have said companies raising cash via a cryptocurrency or digital token will not be allowed.
The ban comes after South Korea noticed that “raising funds through ICOs seem to be on the rise globally” and domestically.
The idea of an ICO was to fund raise yet benefiting investors globally, however due to its concept and lacking of due diligence, some deemed as an opportunity to ponzi scam yet getting away easily as there are no governing bodies yet.
In my opinion, it will be a matter of time this idea of ICO will either be pressed down and destroyed or stringent rules and regulations be implemented. In that case, wouldnt ICO be just another IPO yet money lost to organizations in between charges and fees? What are your views?
I don't think they will be banned but they will face very serious regulations and laws worldwide because the countries don't want their citizens' money to flow into another country's digital projects. That's the reason why they are coming up with such cases.
This can be good for ico ecosystem but at the end the contributions may be very limited due to these regulations.
ICOs are not getting banned worldwide. Its dont makes sense... ICOs are still good, the problem is just, that everybody abuses ICOs.. We need some regulations to start an ICO!
Exactly, ICOs will never be banned, that is like banning all new business start ups. Simply there needs to be better regulation and controls in order to protect investors from scams.
ICOs are not getting banned worldwide. Its dont makes sense... ICOs are still good, the problem is just, that everybody abuses ICOs.. We need some regulations to start an ICO!
In my oipinion there are genuine ICO and scam ICO, one side with genuine ICO both invester and promotors makes money otherside with scam ICO only promotors makes money.In this situation if there some strict regulation comes, it will help lot of invester's money saved and some really genuine and good company can rise much needed funds.So there should be good and strict regulation should be intiated.
Yet many ICOs are truly SCAMS, many of them are NOT. In my opinion, it's the investor's fault to invest his money in a project that may not look promising in the end due to various factors.
fundraising with ICO is not exactly legal now to be banned in the future! and with the increase in the number of crappy projects, a lot of scams and the fact that many countries have already banned ICOs i would not be surprised if pretty soon all or nearly all countries banned ICOs entirely.
there is always some people who will ruin it for all of us...
there is always some people who will ruin it for all of us...
The US doesn't seem to be as aggressive as China and North Korea towards ICOs, apparently leaning more towards regulation, except for when the ICO is a security.
ICOs can be a healthy way for fundraising through cryptocurrency but they need to be regulated.
However it is imperative that world leaders see cryptocurrencies as good first, let alone ICOs. Recent news about Russia and cryptocurrency exchanges aren't all that good.
ICOs can be a healthy way for fundraising through cryptocurrency but they need to be regulated.
However it is imperative that world leaders see cryptocurrencies as good first, let alone ICOs. Recent news about Russia and cryptocurrency exchanges aren't all that good.
US is pretty strict they shut down an ICO before airtoken did a strict KYC and alot of its potential investors wasnt able to participate
The US doesn't seem to be as aggressive as China and North Korea towards ICOs, apparently leaning more towards regulation, except for when the ICO is a security.
ICOs can be a healthy way for fundraising through cryptocurrency but they need to be regulated.
However it is imperative that world leaders see cryptocurrencies as good first, let alone ICOs. Recent news about Russia and cryptocurrency exchanges aren't all that good.
ICOs can be a healthy way for fundraising through cryptocurrency but they need to be regulated.
However it is imperative that world leaders see cryptocurrencies as good first, let alone ICOs. Recent news about Russia and cryptocurrency exchanges aren't all that good.
US is pretty strict they shut down an ICO before airtoken did a strict KYC and alot of its potential investors wasnt able to participate
Jump to: