ICOs ban

[ahmadakbari]

Hi

In the past days there have been a lot of news about the ban on ICOs in Russia, United States and China.

How can governments do this? How can prosecute anyone invest in ICOs?

[Baehr123456789]

Hi

In the past days there have been a lot of news about the ban on ICOs in Russia, United States and China.

How can governments do this? How can prosecute anyone invest in ICOs?

That is the job of the government. But I'm disappointed with this, not knowing what the future of money will be like

[Script]

They don't 'prosecute' people investing in ICOs, they go after the people making the ICOs and the exchanges enabling trade of such tokens.

They'll begin with the scammers, probably 90% of them are scam, the other, the legit ones, can find financing the same way businesses were financed till now.

[Wusolini]

I'm going to be rude but IMO it's mainly because of "stupid investors" putting their money in doubtful ICO's which "suprisingly" collapses.
Then they go and inform authorities demanding to help with getting their money back. (instead of accepting they made a bad decision and silently move forward).
Great paradox is when the ICO is actually successful, a lot of people would try to hide the profit from gov. (to avoid taxes) ... but when something goes wrong (please gov. help me ... it's you job to protect me ).

What else can governments do when courts are flooded with such complains? They have to react somehow and this is the only option (alternative would be BAN "stupid investors" from holding significant amount of money    ... but that's impossible/unacceptable ).

I'm a great example. Invested in Mycelium crowdsale ... bad move.
But am I complaining? NO (at least not to authorities). It was MY OWN MISTAKE and nobody forced me to. So I can (have to) live with that.

[Yuhee]

I'm going to be rude but IMO it's mainly because of "stupid investors" putting their money in doubtful ICO's which "suprisingly" collapses.
Then they go and inform authorities demanding to help with getting their money back. (instead of accepting they made a bad decision and silently move forward).
Great paradox is when the ICO is actually successful, a lot of people would try to hide the profit from gov. (to avoid taxes) ... but when something goes wrong (please gov. help me ... it's you job to protect me ).

What else can governments do when courts are flooded with such complains? They have to react somehow and this is the only option (alternative would be BAN "stupid investors" from holding significant amount of money    ... but that's impossible/unacceptable ).

I'm a great example. Invested in Mycelium crowdsale ... bad move.
But am I complaining? NO (at least not to authorities). It was MY OWN MISTAKE and nobody forced me to. So I can (have to) live with that.

I think this really explains a lot and is a great eye opener. But i think government should not ban ICO's rather at least make some guidelines on making ICO's. There are rules over the internet that should be followed by a lot also are making way bending the rules for there own ICO. I too have been victims of some ICO but in just some manageable amount. Investors should really be smarter now adays as scams also are getting smarter in there own ways.

[jyotianand01]

Hi

In the past days there have been a lot of news about the ban on ICOs in Russia, United States and China.

How can governments do this? How can prosecute anyone invest in ICOs?

Actually, now a days, a flood of ICOs comes in the market and no watchdog is here to check which ICO is real and which is fake. Governments are making harsh rule to ban all ICOs, they have to make the rule to be followed by every newcomer  ICOs, and those, who don't want to follow rules should be banned to enter  ICO in public.

[ngm-]

They are not banning ICO, they are regulating it and it's a really good thing. ICO will have at least a real project behind, it doesn't mean it will succeed every time ofc but it means that there will be a real team working on a real project behind.

It can only be good for the crypto market, big ICO scam is a bad press for this world and it shouldn't happen in the future if it's correctly regulated.

All the countries will not regulate the ICO, which means that in the future, ICO launched from a non regulated country should immediately receive a redflag.

[artem6662]

Well, if the rules governing the ICO are adopted. But a complete ban on ICO could be a serious blow to the capitalization of the Crypto-currency.

[mayan251]

Yes, all the news I see now is that ICO is under surveillance. Let me give my opinion:
I think that's a good thing for the ICO market. Because there are many ICO on the market now there is no entity landing application projects, only with a white paper on the beginning of the ICO. In fact, this is a bad phenomenon for the whole ICO market, and the investor's money can not be guaranteed, and supervision is still necessary. I am still very optimistic about the application of block chain, as long as the landing can be applied to the encrypted currencies are good.

[Technos]

Hi

In the past days there have been a lot of news about the ban on ICOs in Russia, United States and China.

How can governments do this? How can prosecute anyone invest in ICOs?

Wow, I thought it was only in China.

Well, I think people themselves started to lose money and asked for government intervention, just like in most situations when governments start to intervene in the economy.

[Wusolini]

I'm going to be rude but IMO it's mainly because of "stupid investors" putting their money in doubtful ICO's which "suprisingly" collapses.
Then they go and inform authorities demanding to help with getting their money back. (instead of accepting they made a bad decision and silently move forward).
Great paradox is when the ICO is actually successful, a lot of people would try to hide the profit from gov. (to avoid taxes) ... but when something goes wrong (please gov. help me ... it's you job to protect me ).

What else can governments do when courts are flooded with such complains? They have to react somehow and this is the only option (alternative would be BAN "stupid investors" from holding significant amount of money   ... but that's impossible/unacceptable ).

I'm a great example. Invested in Mycelium crowdsale ... bad move.
But am I complaining? NO (at least not to authorities). It was MY OWN MISTAKE and nobody forced me to. So I can (have to) live with that.

I think this really explains a lot and is a great eye opener. But i think government should not ban ICO's rather at least make some guidelines on making ICO's. There are rules over the internet that should be followed by a lot also are making way bending the rules for there own ICO. I too have been victims of some ICO but in just some manageable amount. Investors should really be smarter now adays as scams also are getting smarter in there own ways.

Agree with the guidelines (or some basic requirements) option  ... relevant ICO should provide enough information, detailed plan, targets, milestones, risk mitigation ... like it's done in regular business. On the other hand a good investor should recognize good ICO ( but also should be able to accept the risk ).

I think the main mistake is that ICO investors are (in vast majority) "not well educated, business untouched people" (in other words just greedy dumbs).

But what i'm afraid of is when gov. would approve some ICO and it would fail. Then majority of investors would sue gov. for that  ... so why to undertake such risk ... much easier to ban them all.
I'm not saying it's right. It's just the easiest way.

[noictib]

lately I heard the news that China is doing Ban against ICO, I do not know why china do this. And also lately I see the market price is down even almost all the currency experience this, whether this sign Cryptocurrency will end?

I don't think this is a sign of down in the future of the cryptocurrency because these types of news always coming going where no exact thing we can see the truth behind the news because you can see some negetive news about bitcoin of ban and regulations but still people are using and governments are not against it at all but still they are taking attention at bitcoin economical growth .
So here i don't think there will be any negetive impact due to this news but still here if we can found the ban of the ICOs system of selling tocken before launching the coin will be better for us because after this rule we will be able to get better coins instead of marketing famouse coins through ICO .
So we should be positive here because rules are made to live the life with enjoy .