without (OP)
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Crypto Enthusiast and Software Developer
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February 28, 2018, 11:53:30 PM |
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In a way,I think the regulation can in a way improve security and also reduce the risks of ICO scams. Ooh, did I just say reduce, why not say stop? You see, even the government’s regulation can’t prevent scams from happening, it will always happen and some people will fall victim. The government itself is corrupt, I don’t even support the idea of regulation.
What about self regulation?
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without (OP)
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Crypto Enthusiast and Software Developer
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March 01, 2018, 12:03:13 AM |
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Hi all, just want to throw out a question. Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors. (see: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/) Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject. Thanks Securities tokens are already regulated as traditional securities assets. Regulators can't define the status of utility tokens. But they can define a utility token as a security token to my understanding
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cahbagus555
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March 01, 2018, 12:08:53 AM |
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Hi all, just want to throw out a question. Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors. (see: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/) Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject. Thanks I am believe that regulation is needed for safety. Investor must be looking for safety for their fund and regulating the investment on crypto can make it. I am believe if no regulation, it must many scam ICO
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toygama
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March 01, 2018, 01:13:37 AM |
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It gives more trust to the investors and positive sign that the system will be more available. Securing and regulating any form of business is a good advantage of development. It's also a way to advertise and let more people knowledgeable about the business.
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OriginTrain
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March 01, 2018, 02:01:11 AM |
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People should realize that it doesn't make a damn difference what status regulators "give" bitcoin. It was created since BTC doesn't give a shit about regulators and what they think. It's a peer-to-peer currency that cannot be shutdown and that's all that matters.
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elena_rose19
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March 13, 2018, 10:04:17 AM |
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There are concerns that regulating cryptocurrency is against the intention of crypto - being decentralized. However, change is really inevitable in everything, cryptocurrency is going mainstream for now and it's moving in economy so the government see the need of it being regulayed. I think it is better than being banned.
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boyshx
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March 13, 2018, 10:25:50 AM |
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Hi all, just want to throw out a question. Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors. (see: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/) Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject. Thanks With the current increase in the scams and worst case scenarios of the ICO im sure implementing fewer regulations or more wouldn't be bad idea. Regulatign something is always taken as something bad happening or something with which the regulated stuff will get destroyed. But its not the case always. Many times regulations can bring fruitful results for the sake of investment and our own security by providing the extra law enforcement for us. Switzerland has always been good player in regulating their own money and obviously money that is being driven from external countries. However crypto currencies is blessing for them and they know it very well that its worth supporting it.
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ganlianshifu1
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March 13, 2018, 11:05:17 AM |
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The purpose of regulation is to prevent people from using ico for fraud!
Protect investors' money and invest in the right projects!
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without (OP)
Jr. Member
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Activity: 54
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Crypto Enthusiast and Software Developer
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March 13, 2018, 08:48:55 PM |
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Hi all, just want to throw out a question. Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors. (see: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/) Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject. Thanks With the current increase in the scams and worst case scenarios of the ICO im sure implementing fewer regulations or more wouldn't be bad idea. Regulatign something is always taken as something bad happening or something with which the regulated stuff will get destroyed. But its not the case always. Many times regulations can bring fruitful results for the sake of investment and our own security by providing the extra law enforcement for us. Switzerland has always been good player in regulating their own money and obviously money that is being driven from external countries. However crypto currencies is blessing for them and they know it very well that its worth supporting it. Yes, it's true. They offer serious regulation also having in mind that the technology is in its first steps, I think they are taking a fairly good approach
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nitrousteam
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March 13, 2018, 09:09:21 PM |
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Hi all, just want to throw out a question. Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors. (see: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/) Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject. Thanks The problem with this regulation that will for sure be put in a motion in the other countries is that it will probably make it difficult for new promising ICOs that ain't scam to make a progress trough and push their plans till the very end. I support this regulation from the Swiss but that will bring the new problems. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Many developers don't have enough financial support to push their projects till the very end and this regulation will maybe require even more money that they won't have. Investors also won't recognize the projects because they won't have enough of the needed advertisement. It is up to us to wait and see how will this regulation change the future possibilities of the cryptocurrencies in the development phase.
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Zadicar
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DGbet.fun - Crypto Sportsbook
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March 13, 2018, 09:16:48 PM |
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Hi all, just want to throw out a question. Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors. (see: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/) Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject. Thanks The problem with this regulation that will for sure be put in a motion in the other countries is that it will probably make it difficult for new promising ICOs that ain't scam to make a progress trough and push their plans till the very end. I support this regulation from the Swiss but that will bring the new problems. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Many developers don't have enough financial support to push their projects till the very end and this regulation will maybe require even more money that they won't have. Investors also won't recognize the projects because they won't have enough of the needed advertisement. It is up to us to wait and see how will this regulation change the future possibilities of the cryptocurrencies in the development phase. These would really be the implications on such regulation steps where it would mainly affect the range on where those ICO would able to market their project because of such restriction or regulation but eventually even on such blockage if the project do have the potential that would caught up investors attention even where those peoples or investors residing it cant really completely stop for them to invest.
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VclDm
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March 13, 2018, 10:08:05 PM |
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The purpose of regulation is to prevent people from using ico for fraud!
Protect investors' money and invest in the right projects!
For ICO projects to develop in the long term and truly bring value to the community, it is necessary to have regulations. These rules will help curb fraudulent ICO projects to protect investors' assets, make good ICO projects more transparent and attract more investors.
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aeternus
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March 14, 2018, 12:43:45 AM |
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Regulating bitcoin as well as the ICOs can be an advantage for the industry, this can help to lessen or even eliminate the fraudsters and scam projects. This will attract more investors and can help improve the crypto market even more.
The regulation of cryptocurrencies is being done not to benefit us but benefit the governments they want to obtain profits out of this and they are seeing the market is just not a fad, they understand now that cryptocurrencies are going to be part of the new economy, right now the market is small but it will grow tremendously in the next years and they want to obtain their share.
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entrepmind23
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March 14, 2018, 01:27:17 AM |
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Though there are many people who are against regulation for cryptocurrency because this would implicate centralization as oppose to what is the suppose purpose of it which is decentralization, I think we need it because there are so many people who are taking this opportunity to scam other people and not be held responsible for it because there is no applicable rule in which they can be convicted for the illegal doings that they committed.
The move to recognize cryptocurrency as security then would mean that ICOs would be regulated as well and this would prevent some people behind those ICOs that have the purpose to just scam people and take investors money and run away with it. Though there are issues regarding AML, as long as we can support where our money came from then I think we would be safe.
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Nick Abimanyu
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March 15, 2018, 11:33:19 PM |
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Hi all, just want to throw out a question. Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors. (see: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/) Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject. Thanks Good!!!, The financial regulatory agency FINMA seems very keen and understand with the development of crypto until determined to provide more security for its investors. I'm very optimistic this appropriate and wise step can protect the value of crypto that has been there before in order not slump deeper especially bitcoin.
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aeternus
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March 27, 2018, 02:46:36 AM |
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Though there are many people who are against regulation for cryptocurrency because this would implicate centralization as oppose to what is the suppose purpose of it which is decentralization, I think we need it because there are so many people who are taking this opportunity to scam other people and not be held responsible for it because there is no applicable rule in which they can be convicted for the illegal doings that they committed.
The move to recognize cryptocurrency as security then would mean that ICOs would be regulated as well and this would prevent some people behind those ICOs that have the purpose to just scam people and take investors money and run away with it. Though there are issues regarding AML, as long as we can support where our money came from then I think we would be safe.
In theory we will not need regulation, every investor in the market of cryptocurrencies will be a responsible person investing only in solid projects and using his money responsibly but we know that is never going to happen there are many people that invest in very doubtful coins so even if I really do not like it I understand why some people are calling for regulation.
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