Another ICO Scam: When will regulation come in?

[sirkings0003]

There has been a lot of ICO scams these days. The most recent among them now is Denaro.io. Even when investors are warned of certain things to look out for before investing, most of them still fall prey of these scammers. They seem to always up their game these days. Right now, there is a scam ICCO going on right now. Remember that Facebook, Google and most recently Twitter sited fraud as one of their major reasons for banning ICO advertisements.

I believe that one way out of all these, is just full regulations. There has been backlash about full regulations on ICO with the reason that it would take away decentralization. I do not believe this.

What do you think?

[kindbtc]

I agree with you, before announcing the ico each project should register with some authority with full project plan and kyc of team members, only then the project team should be allowed to announce ico, in case of scam the team should be sent to jail, im sure such strict regulations can wipe out scams from crypto and ico world.

[Neutrality]

Crypto sphere definitely needs the institution of reputation and means for resolving conflicts, but why do you think these things should be implemented by governments? If you give government a finger, it may bite off your whole hand.

[AlexaSonda]

That's the fact that happens this time, if we choose wrong ico then our assets will end. The reasons some countries ban ico are right, because they do not want their citizens to be victims of fraud. Google, facebook and twitter also banned ico ads because they did not want their products mixed with fraud.

Perhaps in the future there is a special independent regulator that only oversees ico. I also heard that in July G20 will have a special meeting to discuss crypto, I hope G20 can give good results and can make good growth in crypto.

[michael shikany]

The ICO has received more and more attention of the country, so many countries have begun to limit the ICO, and many social media no longer provide advertising services support for the ICO, I think this is a good phenomenon.

[Don Stefanello]

Yeah i also noticed Denaro scam, if im not wrong they took 10 million dollars, thats a lot of money, they fooled a lot of people, you can see how they get better and better at this stuff as so many got fooled. I agree that some type of regulation should be in place with the goverment, as for KYC for the teams making those ICOs