Bitcoin Forum

Lately lot's of ICO exit scams that has bombarding the (ICO) Initial Coin Offering* Market that causes to decline the Trust and Confidence on ICO and other crowdfunding events from the investors point of views this is too much! According to the crypto analytics: Chainalysis the Ethereum (ETH) has become the crypto platform of choice for Scam artist find out here from cointelegraph article - https://cointelegraph.com/news/from-ponzi-schemes-to-ico-exits-ethereums-blockchain-has-been-the-platform-of-choice-for-scammers
Question is the stricter regulatory body regarding ICO's, STO and other Crowdfunding events can save the ICO Market from dying? Drop your Fearless Opinion about this Topic!

These icos must verified itself through doing KYC just like what they doing to their investors. Some icos have been doing this to register their icos to the regulators and that should be the correct answer to create safe environtment of ico.

Even if we have the strict regulations for ICO or other kind of investment we are going towards extinction because most people don't want to reveal their identity so it will make loss of legitimate investors.

With the present circumstances in crypto currency, with alleged hacks on exchange and the supposed scam exit exchanges and some ico project does, it is becoming harder to have a create environment for ico investors.

but with everyone doing personal researches on each project before investment, scam icos are taking less victims.
With a regulated ico, it will be even safer

I agree with you. The crowdfunding is dying because of so many harmful reasons out there at this market. We need reliable custody and blockchain based KYC solutions to make this area at least a little bit more safe for investments.

Trust me, even if you remove all the ICO exit scams and yes, there are proven 80% are scams whether you believe it or not, it doesn't give you a safe environment. Look at all the existing crypto business like exchanges in South Korea and Japan, so few were found to have satisfactory security practices. What more to say about ICOs who actually have no product and just a few members we're supposed to trust our money with?

You think if hackers steal it or they lose private keys, or they die like QuadrigaX CEO, we as investors are protected? Think again if regulation helps any of this.

A lot of scammers use the integral blockchain for their scam activities other ponzi scheme or ico scam because of the ease of developing applications or decentralised applications on the ethereum blockchain. This does not mean that the ethereum blockchain is bad, it just means that a lot of scammers would not want to go through the stress and technicalities of other blockchains like neo, ontology and their likes.
 however there has also been evidence of scam in order blockchain ICO .
 In order to put this on check there has to be strict regulations concerning ico or  crowdfunding scammers and how the gets punished under the law of every country.

I also saw this same headline somewhere today. My concern is that, these scammers are turning the platform of Ethereum to a dumping ground for their scam projects. A platform that is very useful in accommodation crypto projects through its smart contract. I think there has to be an update on the platform, to ensure that eveery project that will be using the platform, must pass through some scrutiny, where investors, after suspecting anything fishy, can withdraw their funds, and that there should be a regulatory body to control every of those projects.

This is why regulations were proposed but then some of us felt there is the need for regulation. This is why you gotta give credits to those scam busters in this forum. They are doing a good job here for giving up a heads up. Reward them for all they did, it will encourage them to keep doing what they are doing and bust some scammers.

What do you think is the best feature of that platform in compared to other investment environment that is created in the market? Do that environment has a very good feature? please tell us.

the regulatory body is indeed needed to make ICO better. and companies that want to start looking for funding from ICO must be verified because this is important. not only investors, so far verification is only required for investors. isn't more need is a project.

I like STO, because this is a way to solve fraud problems.

Any money related sector that is unregulated would surely be a heaven for scammers. Scam ICOs has undermined the credential of a legit ICO.
The only solution would be regulations at the state level. Just like any other company issuing an IPO, and ICO should also have similar criteria for a company to achieve before issuing an ICO. No investment are safe investment but there should be a difference between investment and gambling.

The main issue with the crypto space is lack of regulation. Although, i am nit saying that blockchain technology itself should be regulated, because that will result into centralizing the whole system, which is nit good for its sustainability and it will nullify the original intention. My submission is that projects coming on blockchain,. irrespective of their jurisdiction, should first pass through a regulatory body. Any developer that is not ready for such, is definitely not ready to run a project.