Bitcoin Forum

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

no we don't need regulations at all and the worst part is that regulation is not going to solve anything in the way you think they are!

the same scams are going to continue to happen if not more if this market was heavily regulated and people were restricted about what they could create. that would just push people into off-the-market and in shady places for trading.

the solution to the problem you are concerned with is so easy! people simply have to stop giving away their money to any random person who asks for it in return for garbage.

Regulations can't solve the scams, even in regulated financial institutions, people are still scammed hugely. I think investors should learn to do research, avoid falling for conmen. Do not give out your money on hearsay.

Regulation cant solve up these problems just like on what we are seeing on our traditional fiat system where these fraud projects do still exist illegally.
How much more on crypto space where anonymity is the best recipe on hiding their faces? They can claim that they are professional all the want and
as an investor you would really need to do a research first before believing into these projects.You can actually differentiate it out if the actual roadmap is achievable
or not realistic at all.As an investor your common sense and good decision making will help you out to avoid on losing money.Regulation isnt the key
because even if this thing is being applied it cant still guarantee that it would get rid of these scams so its utterly useless and come to think that regulation is fully
contrary on why crypto is being created on the first place.

The regulations also contain risks. Therefore, it is useful to look suspicious to both sides. I think regulations will not do everything better at the beginning.

as investors work on focusing with one on terms with beginning priors on systematical design with objective on future reference of service the use on methodological helps as disposing excess with worse on waste as managing plan on business with point on confinement.

Perhaps you know about this phenomenon: individually, a person is smart, and the crowd of such people is stupid.
Therefore, there are laws governing human relations. Unfortunately, I see that this also applies to the crypto community.
How people act in accordance with the laws is largely dependent on the laws. Therefore, I would not make forecasts regarding "shady places for trading".

That's already too late, Bitcoin is open-sourced and so are those token and smart contract platform, anybody and any company can create one for their companies and organizations.

The best defense now is education, education on how to trace and distinguish and analyze, all the coins that are coming our way, this is one of the bad sides of crowdfunding without regulation , you are left to your own judgment what is legit and fraud.

That was badly needed to combat the cryptocurrency related fraud, Personally ive been a victim of the previous ICO scams that ruin my trust in ICO's thats why im very supportive of the supposed regulation of the cryptocurrency industry to protect its users and investors againts frauds and scam activities.

I don't see a link between regulation and professionalism in this case
You can compare IT for example, it's regulated, but there are a lot of bad professionals

No one is forced to invest in bad projects, you can invest only in good projects with good devs, it's up to you to research, study and investigate

Good rules are needed to organize the project, so it can produce a quality project. Actually, there are many rules but not implemented correctly. So this becomes an opportunity for scammers to perform actions that harm many people.

We should be able to learn from experience and before joining the project, you should do the checking.

Cryptocurrency does not have to be regulated like money regulated by banks, but indeed now there are more widespread fraud projects and what can be done is more thorough to invest in a new project

One of the worst ideas I've ever seen on this forum.
Cryptocurrency is all about being free and open, everybody should have the chance of starting their own project, even if they do not have any experience.

Sure, that doesn't mean that unqualified devs should make scammy ICO's, but it also doesn't mean that we need more regulations.

How about everyone does their own research and stops investing into ICO's altogether?
I ONLY invest in open source projects that do not participate with this whole 'crowdfunding before they have any sort of product' thing.

Regulations will help to reduce the amount of scam projects, but they cannot be eliminated completely. Instead of a third party that regulates the market, we should find a team that would check the projects and sort scams out.

Regulations can help in regard to ICO related fraud, and basically they already have in most cases -- hardly any ICOs being run anymore.

It won't help in the least in regard to bad projects. It's like saying regulation is needed to weed out bad companies from good companies -- it's not a regulation issue, simply an issue of investors needing to choose better projects.

YES! we need a regulation for cryptocurrency but there are just few things i do think why we need it.
We need regulations for many country will accept the crypto and it will be legal.
Once accepted merchants locally will start having crypto on their business.
Scammers will be out of this as there are laws to get them.

We don't need regulation in crypto space and infact its too late for that because mostly crypto projects are decentralized and open source,the only thing that needs regulation is ICO fund raising and i think it will stop ICO Scams and frauds

What exactly do you suggest, what soultion to this problem, how this field should be regulated?

As far as governments seems to be concerned, they only concern is about paying taxes and money loundering. This is why we are seeing many new regulation factors coming into play in last months but nothing about ICO and projects.

With regulation, then there will be a limitation. I am not sure if this can be good for the future of crypto business. As we know that crypto users support a decentralized system and anonymity. Instead, the regulation will ruin those characteristics on crypto space.

There are open source blockchains that were used in other projects that's why it becomes the reference of those developers that wants to make their own project or scammers that wants to scam investors through their project.

Regulation would be counted as part of centralized systems while we're living in crypto, most of the projects here are dealt with decentralization. I'm not against with it though because it really happens nowadays.

Regulated by who? thou I believe most of these scammers should go to jail but having Government dictating the pace of the development is bad for the space. Before Ethereum made raising funds in their platform as easy as A, B, C we use to have Escrow that would hold on to the ICO money and release the funds as timeline is being reached, if the system is still in place it would have prevented most of these scams in the space

I agree. I will say that we have pretty important companies like Ciphertrace that are building extremely helpful technology for AML compliance and tracking.

The problem is the blockchain is an open-source that everyone can use it. It's wrong if you are saying they are good in a particular field caused by the fact has said the different thing like the majority of them have no portfolios about what has already created by the majority of new blockchain developers. The regulation will not work with crypto until each of the existing blockchains will be putting its self strict regulation to issue a new asset (the majority of unskilled dev used the asset as the easiest way to start ico).

that's why we must do deep research to avoid such unskilled developer.

The big question is who will regulate, the platform? there are many open-source platforms, these scammers will just create their own and compete with the existing platform.

The government? that would be very bad for the industry chances are it will not become decentralized anymore, and they will have a say on how the project is going to run, they might even go after their investors.

Having a certified blockchain developer would still not stop scammers from doing what they need to do because a blockchain developer will not filter the project he is to develop, he will only be consulted to develop the project which they might not even know the intention of the business owner, so they will simply do their job.

The only major part where I would agree with you on having certified pro developers is the aspect of low quality projects, we have so many low quality project that if we had the touch of a professional developers, those project would have been the talk of the town, and with a qualified developer, we would always have projects with real use case being released. These are part of what should really form any regulation policy.

i am not very sure about what you are trying to say here, but regarding shady places you don't have to forecast anything, you just have to look at the history. each time an exchange that previously didn't have any KYC starts forcing KYC on its users, there is a mass migration to other platforms most of which were shady before and don't require KYC.

I fully agree with you, regulation can't solve the problem of scam, even with the tight regulations in our various countries financial market, people still get duped. The way out is to liberalise the necessary information which would help people make more informed decisions. Most persons may not be able to go through the rigour of carrying out intensive research, but with an easier access to information, they could make better decision.

We don't need regulators to reduce fraud. They are needed for the cryptocurrency to be introduced into public life. And implemented with all its factors-anonymity and decentralization. Thanks to the regulators, we will be able to stabilize the market and everything will be much easier. We don't have to worry about price dynamics every time.

Resolving Scammers with new rules will be very difficult to do. Scammers with garbage projects will continue to exist, as investors we must be more careful when choosing projects. even the project that initially went well suddenly was a scam.

I think that soon the situation will change. market rules will change and scammers will be given less freedom of action

how was it created? Until now no one has thought of a solution to this regulatory problem. Scammers will continue to exist, and may be very difficult to suppress growth.

But are those developers who take the job and know that they can’t complete it are not scammers?
Fraudsters are all those who cheat in one way or another other people.
It seems to me that regulation will not save the crypto market, because it was created in order to be independent. What is needed above all is the responsibility of the investors themselves, we must stop investing in those projects that have nothing but promises.

Regulations will not help, scammers do not care about the law and they will create false identities and credentials and then people will invest in those scams thinking they are secure because now there is regulation in place, in fact it is possible that regulation can make things even worse, we can see this with the regulations that forced icos to ask for KYC information out of their investors, scammers were really happy that such regulation passed since they could also steal the identities of their investors and not only their money.

Regulations should be created to defend the public from scammers. This in theory.
In fact, regulations complicate the lives of honest developers, while fraudsters simply become better at circumventing regulations.

I personally don't think the issue of Scammers would be eliminated with the introduction of regulations in the cryptocurrency space. Rather there should be more sensitisation on how to prevent one from getting duped. This could have a longterm effect of sanitising the market and discouraging the scam projects.

I do not think that the rules in cryptocurrency are needed so that someone, at their discretion, decides who is allowed to create a new ICO project and who is not. It will be the same bureaucracy with inevitable bribes and other attributes of centralization. The regulation of ICO activities should concern organizational issues - verification of the identity of the team in order to avoid possible fraud, the establishment of general rules to protect the rights of investors. However, the definition of qualifications for a project is too subjective and therefore government bodies should not address this issue. Otherwise, there will be no decentralization in cryptocurrency.

Because they find creating an ICO project is a way too easy, all they need is a small amount of money, they can hire designer, writers, blockchain explorer bounty managers, all they need is a few thousands and they can make millions out of it, this is why it's important to do diligent research or do not invest at all if you cannot extend your research.

What we need is for people to stop being dumb and not to put their hard earn money to those scam ICO's. Regulations will be just futile because we al know that the system is decentralised. If people would just educated themselves, I'm sure less projects will run of investors money because they know they can't fool people anymore. Knowledge and education is the key here and not a full blanket regulation, in my opinion.

Looking at the current situation of failure of many projects in terms of development and also fund raising, I believe regulations required urgently. May be the reason of bad marketing, but I see a major decrease in confidence of investors which is leading this situation. Loot of scams around the Cryptoworld is another concern. At the moment crypto space needs guidance and strict rules via regulations.
This will definitely increase the confidence in investors and situation can improve.

Project team who are genuine and determined to succeed in their project should do a preliminary investigation before asking for the services of any developer. There are many developers out there and any qualified developer must have history of previous work that should serve as a preference for any team asking for such developers service.

The developer team of a good and legit project will certainly not be afraid of government regulations and in my opinion they will be happy. Project scams make the image of ICOs worse and this makes it difficult for new projects to achieve sales targets and indeed government regulations should be needed to punish people who commit fraud in the market.

Yeah i support your idea and i think there should be some authority and new projects looking to raise funds should first apply to that authority that will thoroughly analyse the project and also interview the people behind the project and then issue fund raising license only if they think that project and team is legit and it has plenty of use cases to be success in the future and if they are not satisfied with either the team members or anyother thing in the project they should simply reject the application and stop them from raising funds.

If only there is a regulating body that would sift through the rising crypto projects and also oversee the running ones. It is both discouraging and frustrating seeing all the failures around. The worse thing here is that in every failure, it is not only the development team who failed. They are actually burning away the money of the investors. Aside from that, they are also tainting the image of crypto, which up to this point, is still struggling to be accepted by the wider mainstream society.

I have a couple of things in mind. First, projects using existing blockchains such as Ethereum's shall pass through a a kind of quality check done by Ethereum itself where there is a review as to whether the project is worth launching or not. Second, the general public needs to be educated regarding crypto. Most often, those who know little or nothing are the ones who become prey to these scam projects. 

Regulations may not be the absolute way out from the issue of scam. Though, its possibly going to help curb it, but I still believe that people need to be more informed and wiser. Most people who are duped are greedy and were actually expecting so much more before loosing out.

I don't think that regulation is really needed to filter a project, because sometimes a project can develop when the people in it can make the project work. in project matters, of course, we need to see the potential it has, success or not, it depends on the seriousness of the team.

this goes back to the research we are doing about a project. the deeper you search for information about the project, then you will know its quality. to see how good a project is, we don't really need regulation, but to prevent that, of course, we need regulation.

I was against regulation but after seing ico holders my thought changed.

Don't get me wrong, i don't want regulation against people like us. Ico holders should got regulated. They shouldn't have 5m $ and after 6 month, out of budget.

I agree, I also believe that each country should have its own regulatory body, in particular, for ICOs, IEOs. I think that for the entire crypto industry market it will only benefit, raise the level of trust not only of investors, but also of ordinary users

yep, anyone here who has failed to invest in the wrong project needs rules to preserve capital.
But actually, this is a decentralized market, it's a mixture of the worst and the best.
And our job is to find the best to make the most profit. ;D

Regulation in the crypto market for conducting ICO and IEO would be good, it would help reduce the number of cheaters among new projects. The only problem is that there is no general opinion on the crypto market regarding regulation, and there is no definition in choosing an organization that could regulate and catch scammers.

I do not know such facts. But I get at this is most likely the case.
But what does that change? First, all existing exchanges will be forced to become transparent. Then the authorities will begin to prohibit and close those who will not obey. It is the matter of time.

in general the most important thing is that prize hunters must be able to manage their money wisely in investing in projects or trading. Nowadays more and more new users are joining this industry but some of them are unable to place money properly. Regulation will not solve this problem, even scamers still roam around us. Basically the key to this problem depends on ourselves about how to put money wisely.

I think we need companies that assist with regulating not necessary flat out regulations. I really like what Ciphertrace is doing and how they are protecting people's privacy while monitoring for any sort of money laundering

Its the same people who wants regulation on the open crypto markets. NO we don't!

I don't need uncle SAM to know what I'm trading, what I buy, or anything else for that matter. Bitcoin and crypto wasn't invented to regulate it, better buy stocks if you are in that belief!

Decentralized trading is gonna be huge soon, which is why I'm very excited to see Stakenet's Lightning DEX solution which will compete against against a LOT of other DEX solutions. It's gonna be superior in trading fees, speed, and liquidity, since it runs on Lightning through masternode lightning hubs.

Do your own research on this one, but this project aims to REMOVE all kinds of regulations from crypto, and will enhance BTC and LTC massviely with their dApps.

Well, if only people were smart and did not fall for their trap....
Listen, all those scam projects always have some sort of signs and signals that will always turn up the red flag. You just have to outsmart them and not fall for their scams. Regulations in crypto currencies will just be really a bad thing. Putting on regulation means, a third party will come and impose rules, laws and take over every decision according  to their own will. Now if this happens, will crypto currencies remain decentralized? What do you think?

Regulation will be detrimental to the crypto industry. And in order not to get into a scam, you need to devote more time to analyzing the project in which you plan to invest.

I would say our future depends on regulators. We all have long been clear that various States will not allow cryptocurrency in the financial sector if regulators do not make a positive decision. Have you noticed how long it takes to open BAKKT? I understand for sure that with the introduction of regulators, we will be able to reach a new level of blockchain progress.

The regulators will not help the scammed investors for recovering their losses, the disadvantages of the regulation can destroy the true Satoshi vision. IEO projects almost decreased the scam rate of more than 70% in my opinion, the existence of strict rules will only bring less freedom for crypto investors. The true believers always choose the right path of the genuine influencers, other ways are not going to work in my humble opinion.

There are lots of reasons why we nerd to intensify our research more on the team of crypto projects, even if regulations are not in place to do that for you. The onus is on us as investors, to check, research and be able to analyze critically well, if a project is good for investment, by virtue of its team.
A developer who does not know about cryptocurrency and yet lunching a crypto project, is like a auto mechanic, claiming that he can treat a patient, suffering from an ailment. You know what the outcome will be.

I agree partially, though we truly do need regulations but we don't need it that badly.
Regulations will to a large extent help reduce the level of fraudulent activities but it won't stop it totally.
If we accept regulations then the decentralized nature of the market would be at risk and that is the identity of cryptocurrency.

I'm pretty sure that you don't really understand the basic purpose of regulations of cryptocurrency. If you did, you wouldn't have made this post. This has nothing to do with regulation of cryptocurrency. Scammers can be found in every part of the world ecosystem and it is no surprise that there are scammers in the crypto space. You as an investor or crypto enthusiast should learn to research about any crypto project before investing in it.  Even if the crypto space is regulated, there are still gonna be scammers to scam people who fail to understand certain specifics of a particular project.

Cryptocurrencies is a new technology and the masses are grossly uneducated about its basics, that will change soon as adoption grows and the issue of scammers having it all easy will be drastically reduced. Regulation is not going to do much good. We are running from a corrupt centralized system to the safe haven in crypto, why spoil everything because of a problem that will naturally be wielded out. Weak projects by poor developers will die by natural selection

Nonsense. Why do we need regulation? It will not somehow magically change things or stop scammers. Scammers scam it is what they do. It is peoples fault for feeding the scammers and that is why they come back.
You need to further explain this.

But, do you agree that even professionals were being scammed? Even the educated and good developers are being trapped by scammers. The bottom line here is, regulated or unregulated system. Scammers will not gonna disappear. If money is involved, there they are hunting it. That's what cryptocurrency special, because of it's decentralized and unregulated system.

We don't really need only "professionals". Afterall, Bitcoin wasn't invented by only the professionals. Am not sure if satoshi even qualifies as a Bitcoin or Blockchain professional. Most good developers in this space are not professionals in Blockchain coding.
Blockchain development need lots of creativity..  Creative minds are not always professionals.

regulations won't make scamers stop cheating people, in my opinion the most important is the way you were before joining the project and also your accuracy in observing them, the advice I consider before making a decision. If you say the developer, of course, must examine it, including researching what experience has been done by the previous developer in managing the project.

The real deal is that investing in crypto is being experienced as sort of a gamble, so when crisis is looming, people withdraw their crypto investments and prepare their fiat cushions for possible fallout.

As centralized as it is, crypto depends heavily at this stage, especially since mining became out of the reach of normal people, on centralized exchanges that rely on stable fiat currency systems. Take that out of the equation and you are left with decentralized bytes that no one can turn into still needed real world money.

I am not saying here that when shit hits the fan locally (Venezuela), you cannot leverage crypto to stay out of the high water, just that global meltdown could make crypto business as hard to utilize as printed money.

If regulation helps us to avoid scammers as well as unprofessional developers who often overestimate their strength, then I agree to regulation and even am ready to go through a small KYC with participation in each project. Provided that the developers of the project also provide their KYC.

Regulation is for the protection of the investor, lol. No amount of regulatory oversight will stop scammers. In fact, the more heavily regulated a finance sector is, the more high profile the scammer becomes. In the forex market, banks colluded to manipulate the price. What did they get? Only fines.

Regulation only stifles the startup. It protects the status quo.

I’ll generally tell you so that we don’t need any regulation at all.  Cryptocurrency is decentralized.  Why does she need any regulators?  It seems to me that this is all the influence of the government.

Regulations will not solve anything including scams. What we need is some serious security protocol that would detected dubious projects. It may not be available for now but someday and hopefully somehow, it would come to realization.

Your points are clear and concise, but regulations still has its bad side and not only the positive side. Regulations will obviously reduce scam and fakers without the capability to run a particular project, that's true. But also, regulations will drift further from decentralisation. Crypto enthusiasts always want regulations to come since scammers and impostors have taken advantage of crypto space with excellent whitepaper and hype. Unprofessional and scam team members just need to pay top influencers to create hype for their project, that's the sad reality. Sparkster for instance is an example of projects with hype but team without vision. Regulations might curb this a great deal but not entirely.

Do you mean that all these projects should be managed by people who know in the field of crypto and professional people? Yes ' ' I agree with that and they have to pass KYC. So everyone knows that this person is very professional and has a good track record of the project developer. But making regulations is very difficult because the system in this crypto is accessible all over the world, so if setting it up is very difficult.

I most say some things mentioned in this post are true but i guess this is the price we have to pay for decentralization.. The space jist needs to mature more and device mechanism to curb the presence of rookie developers and scammers.
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Regulations might just bring the scenario into its worst so it would not still a solution to the problem. Instead, let's all try to be educated so that those who make fraud will not be tolerated anymore. Scamming won't be prolong if we are just responsible enough of our own decisions and actions. There's no need for regulations anymore because we ourselves are the ones who can really solve this problem.

You have said my mind to some extent and I totally agreed with you on some of them, but there is one thing that I still personally believe, if there is regulation, the rate of scamming in the industry will reduce. We know completely well that it can never disappear completely, since fiat system existed also, scamming as been rampant and it is becoming more rampant with the age of technology that keep growing on a daily basis, and one of the technology is what we have seen.

I don’t believe that there is nothing that cannot be put under control, which is why GOD has given us that high wisdom, human beings are too intelligent that we have not use the intelligence up to 1 percent of what God really gave us.  if government are really serious, my brother, we are so much brains in this world that will bring solution to it within a minute.

Without regulations crypto will not move from geeks to real people. Real people are used to be "protected" by the law.  ;)

when crypto is later used by everyone in the world for trade transactions or other things, of course regulations must be truly established to protect users and owners of crypto assets. it will indeed look very boring and difficult, but I think we cannot avoid regulation if you want to see crypto really get the value of use equivalent to fiat money.

I agree with this, the decentralized nature of the market will never allow for regulations to be successful, regulations can work in a highly centralized market dominated by a few companies, but in the market of cryptocurrencies where the only requirement needed to launch your own coin is to have a computer with internet connection such regulations will never be enough to stop scammers, as such the only solution is to educate ourselves about the dangers of investing in new coins and try to make newbies understand this fact before they lose all their money by investing in icos.

Regulation is better option. If the regulations occur,you can get huge profit from crypto from trading.But some are using the cryptocurrency transcation to scam people.Some are asking to send payment of bitcoin to their wallet and scam them after payment,without providing service to them.Some fake professional also get money by saying,they are the real service provider.

Well this regulatory issues are something that can be debated on for years. Fact is that we should know scammers are scammers and they won't stop. moreover we shoul note that Bitcoin and cryptos in general were built to be uncensored so overregulation could kill it tho.

I second the motion.
Regulation will make many country open for cryptocurrency and bitcoin mass adoption.
Their local merchants will start to accept cryptos.
Many future scammer team will be regulated or put in jail.

The regulators won't help the defrauded investors for recuperating their misfortunes, the inconveniences of the regulation can demolish the genuine Satoshi vision. IEO extends nearly diminished the trick pace of over 70% as I would like to think, the presence of exacting standards will just bring less opportunity for crypto financial specialists. The genuine devotees consistently pick the correct way of the real influencers, different ways are not getting down to business as I would like to think

Regulations won't be very helpful,  con artists to couldn't care less about the law and they will make false characters and qualifications and after that individuals will put resources into those tricks thinking they are secure in light of the fact that presently there is regulation set up, in certainty it is conceivable that regulation can aggravate things even, we can see this with the regulations that constrained icos to request KYC data out of their financial specialists, tricksters were extremely upbeat that such regulation go since they could likewise take the personalities of their speculators and not just their cash.

I am sure that in the crypto market it is possible to skillfully combine regulation during the various rounds of ICO and IEO in order to protect investors from scammers. At the same time, do not allow regulation for trade, mining and other areas of the crypto market. With the wise use of regulation for the crypto market, it can be beneficial not to amend freedom.

I agree with you. A tightly-controlled, permissioned blockchain authorized by a central bank sounds like an absolute nightmare.
I don't believe Satoshi Nakomoto would have even bothered developing Bitcoin had he expected blockchain to be used as an instrument of slavery like that. Honestly, we'd be better off using fiat cash at that rate.

If Stakenet succeeds at providing an immutable DEX with full interoperability between a theoretically-unlimited coins directly from a private qt wallet, the only thing lawmakers and regulators could do is punish people for using it. It'd be completely out of their control..

Paper money, unlike Bitcoin, has a high level of anonymity. I think that Bitcoin will serve us on the contrary, there will be no more anonymity in payments.

Bitcoin allows for plenty of anonymity. The infrastructure of its ecosystem, on the other hand, compromises it. The centralized mediums which it is exchanged on have been compromised by KYC policies. Every time someone gives up their identification, it compromises that inherent privacy. This has been going on since at least 2011. Stakenet attempts to finally eliminate this problem with instant private lightning atomic swaps. If you have Bitcoin, you will be able to swap it into LTC, XSN, LTC, and BTC again - privately - all within a matter of seconds - no matter the amount - without any KYC. This should fully restore Bitcoin's essence as P2P cash.
Here's a more detailed read on it, if you're interested.
https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180

This is a good idea since the crypto world is now made up of unprofessional developers are pretends they know it all but honestly they know nothing and fail in all the project they build based on blockchain and surely if crypto is to be regulated, it will help curb all these unprofessional developers and do away of these scammers. Regulation doing all these will bring much adoption as well into the crypto industry.

The crypto market is a place where people want to be anonymous and do not want to undergo the same regulation as in our daily lives. That is why many of us do not want to allow the regulation of the crypto market in one way or another. They cheat on you during ICO - do not participate in ICO, but this is not a reason to ask to regulate the crypto market.

Finally, crypto will be regulated, but in some countries. However, it will be something like a "paper" law. In reality, it is impossible to regulate the market as millions of people are involved in the operations, and almost all of them are pseudonymous (not anonymous now, as we understand). Therefore, in the future (at least in 3-7 years) nothing here can be changed globally, even if the laws are signed.

Here, of course, from which side to look at, because on the one hand regulation of cryptocurrencies will lead to honest people who use cryptocurrencies will begin to experience various problems that their countries have imposed on the use of cryptocurrencies, and on the other hand, governments will be able to track down scammers and punish them and less different scammers will create various companies to raise funds and disappear after that, but at the moment how I know governments already working on regulation, but I not saw any info about it already long time.

overall, of course there will always be blockhains, so in all likelihood that the determination of the crypto currency really will not be known at all in a statute, therefore the determination will always be a period of improvement.

Regulations are needed but in my opinion regulations are limited in collecting funds or selling tokens. There is no guarantee that a project can produce a good product and be used by many people and I think it is difficult to manage the developer team must produce a good product in a regulation.

The thing that will really help us out in filtering the scams is our own brains and a little bit of common sense. You just need to ask people to do some research before investing their money into something, and not just blindly follow the scammers into their trap holes.

Many people will be against state regulation of the crypto market. It's like hackers giving the green light to assigning them regular numbers.
If you want to avoid scammers, it is better to come up with your own internal checks that new projects will have to go through, and this will help reduce the risk of fraud.

I have been shouting since 2017 but only few cared
Until people go to jail for incompetence,scams and behaviors that cost investors a fortune,we will not grow

I am also suggesting an industry-wide self-regulation wherein a platform can be established manned by people who are into the blockchain and cryptocurrency that can help vet on different projects, platforms, products, services in making sure that they adhere to the standards that the industry will itself established. This in addition to limited regulations that the government will have to do and in case of a proven scam prosecution in the courts of law. Scamming will always be here as long as we are dealing with human beings as proven with our own human history...what we can do is make sure they are minimized to the very least possible.

I think it is one of the right solutions to overcome all this, if only scammers can be eradicated then I am sure that good crypto prices like bitcoin will also soar because basically investors have high purchasing power but unfortunately they sometimes buy the wrong coins so the market loses its foundation, if the scammer does not exist anymore then the purchasing power of investors will be directed to the market again and of course this will make the market go green again but because investors always lose money because of the actions of scammers, then their purchasing power is low and makes them somewhat paranoid about new project

regulations cannot solve scam problems, because the many projects that are on the market make it difficult to know scam projects, regulations cannot completely solve scam problems because in the real world scams can still occur even though there are regulation and laws, Scam project problems can only be prevented by analyzing and researching the project

I think that you need to wait for regulation if you already have a very large number of bitcoins which is enough for a happy life, because if the regulators come, you will not be able to earn such easy money as now.

It's understandable to think that regulations can serve as a panacea to the issue of scams on the cryptosphere, but I personally don't see regulation as a solution to the prevalence of scam. Even with the high level regulations placed by government authorities we still have to deal with scam cases, this leaves me with the realization that the only way by which scam can be curtailed is by individuals getting themselves more informed.

Nobody would want to deliberately give their money to scammers freely, it is in the process of trying to look for an investment to drop their money pending when they need it and believing that it would have multiplied by then that they act so, but the mistake that they do make is not to scrutinize any project that they want to invest in first before doing so, knowing fully well that we have the market snakes.

I would not completely put blames on investors anyway because it is not really easy to spot out those bad project because every day they stay in crypto industry, they keep advancing just like those regulators too keeps advancing, which makes it difficult to tackle them, but it will still to an extent reduce the number of scam projects in the market if we get regulation.

Regulation might not be able to stop every scam out there in the crypto industry, but regulation will help to minimize to risks of scams and protect investors.

not pretty bad! though i do believe that regulation will be a big help.
YES, this regulation will make many countries accept the cryptocufrency not just on hteir country but most importnant is the acceptance of the local merchants.

We have seen a glimpse of hoe regulation would be, through some STOs, peradventure it is eventually sorted after as the way to of scam projects. Yes, there have been STOs, but so many of them have failed. Scammers have also used the opportunity to scam a lot of people. Which, means it is not the solution we are looking for. IEO which is nt under any form of government regulation is better of.

I think it's impossible. Have you ever seen a profession where beginners are forbidden to try to create something?

Indeed, regulations must be applied to minimize the scam project that all of us complain about, at least with the regulations made it will prove that if the developer is an expert in his field then he will get an official certificate which indeed will become a proof if the developer has a real product and will be consistent to build a project to achieve success.

It's expected that regulation will become more strict in the long run to prevent scams, we know even with regulation it cannot totally eliminate the scams but at least it will be minimize, it will make the market attractive.

With KYC now as the basic requirement, we've already seen people complaining about this, how much more if there are more requirements in the future.
We actually have no choice but to fully adopt in this government regulation because this is only created for the good of the majority if not for everyone.

I think, regulations will not just solve our issues. You see, in a very well regulated systems like our Fiat systems where even though being tight, scams are pretty much happening over there also. People will find a way to be scammed and will always find a way to invest in some shit coins, through other means if not by the regular ones.

Well regulation could heo but it has its own challenges which will play on the market. For instance government could outline the amount of trades or transactions that should be made daily by an individual this could stall the whole cryptocurrency space. If community members can come together to point these devs out it will be effective.

Regulations will only make progress and adoption more difficult. What we NEED is the free market to shake out all the fakes. This is going to happen asbtime progresses. Yes people will get burned in the process. Crypto is not something to walk in to and throw your life savings at withiut first doing all the research necessary to feel secure in what you're investing it. Don't by brands and charisma. Buy real potential.

Ok give us suggestions on who will run the regulation, will it be company based or a group of so-called experts, ICO here is free for all, you just set up criteria and interact with trusted members here who knows what scam projects look like and you are good to go, I hater entrusting my decision to companies and so-called experts.

In the other side, regulation if being implemented properly is will bring hype to entire industry, bringing  more involvement from people who
also looking around and wanted to invest to this market. With proper use of any regulating bodies it will soon be adopted and attract more
new people to place more invested money. Engagement with this industry needs  to be open with any possible changes.

Since cryptocurrencies have not been widely recognized in the world, there are still no specific regulations to manage it. The best way is that every investor should research a project carefully before investing in it.

Ive decide not to expect any more surprises from any upcoming news or hyped products in crypto, bakkt failed my expectation and now regulation is the only thing left, what if nothing happens after regulation? i'd rather lean on my research and keep learning more about ways to make profits in crypto

Some countries have given a position regarding cryptocurrency, some support and also prohibit. this is proof that at this time cryptocurrency is now widely seen by many people and in my opinion will be a big development later

i think that bad idea , whenever blockchain and cryptocurrency being control by govermen. Even on system payment that already regulated fraud and scam still exist there. What we need is just peoples need more education about cryptocurrency

There is no way to eliminate fraud and regulations are not golden bullets to fight scammers. as we know that the origin of fraud is based on one's level of expertise, I mean they misuse expertise for personal gain. the problem is there

Why would we want bitcoins and crypto to be regulated or controlled by the central authority ? If i am not wrong, digital currencies are being used to eliminate the middle man or the government to interfere the money matters and to avoid the necessary burden of taxes. If we allow governments to take control of digital currencies too, then it is better to stick with Fiat.

Yes but it gives some level of security and ensure potential investors of safety of their funds, not to mention it will greatly reduce the inflow of scam project we have coming up everyday deceiving investors by taking their money and going unpunished for their crimes,
regulations may not entirely wipe out fraudulent activities but it reduce it to some extent, it is because no regulations we are facing so many problem with bad project,
this fraudsters will scam you over again using different project and identity, the ecosystem needs to be sanitized, i think it is part of the reason adoption is slow.

You are absolutely right. I can't explain how disgusted I am on the maximum altcoins developer. They know nothing, but wrote lots of catchy technology in the whitepaper. The best, the new era, the revolution are very common words for them but they don't have proper knowledge of how to enroll it. After raising fund, they forget all things, sometimes they change roadmap, whitepaper. Actually, they are a drawback ট, darnel in the crypto industry. To erase them from crypto, blockchain needs regulation.

The big question is how regulation will be implemented, who will implement and will the investors follow these regulators, and what's the guaranty that they are not going to be corrupt, remember the rating site are doing great in their early days until they accept paid listing and that's where everything starts.
They accept dubious projects in their premium listing or giving good ratings to projects that turned out to be scam.

Yes I am also in favour of regulations to discourage scam and unprofessional projects. I have also read others' comments. Some of them say regulations are not in need as regulations would not control scam projects. Yes regulations would not root out scam projects and it cannot be expected as well. But regulations will help control them and make crypto market systematic.

well the problem is solved, that this is about money and money has changed everything. I just want to give an example like a famous gift manager. I don't need to mention who he is and I think you are familiar with them.

most prize hunters are always waiting for the launch of the project managed by the suspect, because they think the suspect's background has a good reputation in managing each project beforehand and is successful in the market.
but when investors and prize hunters are very close and believe in projects managed by suspects and ultimately suspects are blinded by money, money has made suspects go wild and not care about the fate of investors or the trust of their communities.
and I haven't seen the latest news about the suspect in one year, I'm waiting to prove to the public that he's the brain behind everything. I don't want the community to be trapped again by the bullshit of the suspect.

Yes, you are right. In this ecosystem the regulation is very much needed. Cause the crypto ecosystem is getting worse day by day. The the reasons behind this are scams and bad people. But I think if regulation come anyday it will help a bit to clean this things. But also there are some problems regarding regulations also.

Sometimes I feel we are very lazy. Many shady and scam projects gave an address before the ICO. But after ICO they scammed people like Cryptasits project, Hashcard. But we did not care about their scamming behavior. STO projects are registered, right? But still, they are scamming, like the Orbis Transfer project! The crypto space was full of fake developers, I agree with you that, the new crypto projects need to go under regulations!

Yes, Yes, of course! What did they say about a city with no rules? Uh, I dont know, haha. But really though, we really some regulations. I think we keep moving back and forth on some certains things because the cryptosphere is actually not regulated. But the question now is; who is going to take charge of this, or how are we going to go about the regulation? cos, really this is very important, and should be treated as top priority.

I am an ardent supporter of regulation its obvious that the crypto space had been crowded with scams no one can hardly pinpoint a scam-free blockchain projects these days had it been every every new ICO entrant was regulated thus confidence will be reposed and sanity will be brought into the system however the issue of anonymity will have come into play invariably discouraging some investors due to KYC and identity related issues.
As far as transacting cryptos without a third party and anonymously the issue of regulating it might not see the light at the end of the day.

I feel many developers jump into this market without domain knowledge their focus is only to collect the funds most of them are not serious about their projects that's the reason many projects get failed. Every person has a different-different perception of regulation. I believe regulation is much much needed so that scammers will not dare to start the project only serious developers will launch their project.

I strongly agree that there are regulations for new projects that want to implement ICO or IEO. Prioritized regulations for the development team, and the concepts they put forward. And it's better the product is finished first than just offering ideas. So investors think developers are indeed serious about running their projects.

Oh, it won't do any good, it'll only make the problem worse. Do you think that only highly qualified specialists work in all spheres? And blockchain is no exception.