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Author Topic: Yet another ICO ban, this time probably from Japan :(  (Read 1746 times)
evergrow
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October 18, 2017, 09:27:01 PM
 #41

Very good, ban crappy ICOs and make way for the real projects!

airdrops should probably also be banned from Bitcointalk because most of them are super scammy
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October 18, 2017, 11:24:58 PM
 #42

An ICO Ban In Japan Is Still A 'Definite Possibility says the news. Here is the link:
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#698d1d38213e
I don't want to cause FUD but I don't know.
Any views on this and on ETH price?

I suggest you to read article first before posting it here with such article. But half or more  people replying here will do same as you and will talk only of your bombastic title.
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October 19, 2017, 12:58:23 AM
 #43

Ico's should be well regulated , Some projects are scam and should be banned from collecting money from investors. Shitcoins and tokens are sprouting almost everyday to collect Millions of dollars then sadly turned out to be scam.

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October 19, 2017, 01:50:45 AM
 #44

There is more than enough projects that have been around the block to invest in.  I think these bans might be good for cryptocurrencies because money will flow into these established projects instead of new ico's that can possibly end up being scams. 
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October 19, 2017, 03:15:03 AM
 #45

I'm for it. If this means that it can get rid of all the scam ICO's that have come and go I say continue the bans.

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October 19, 2017, 03:19:20 AM
 #46

Honestly, I can see why governments would see ICOs as harmful. A lot of them are just disguised scams. I just hope that governments don't outright ban them like china did. Some projects are legitimate and beneficial. I wish governments would regulate ICOs instead of just banning them

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October 19, 2017, 03:19:23 AM
 #47

Even if this does happen we will be fine down the road. This will keep the crypto community from getting over diluted with fake projects and more attention will be brought to the actual legit projects that are innovating.
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October 19, 2017, 03:23:31 AM
 #48

Well, I do not think ICO ban is priority of many Government around the world at this time. There are many things going on that is of utmost importance in the scheme of things. We have security issues and the earlier the World embrace blockchain the better for all of us.

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October 19, 2017, 03:25:19 AM
 #49

That’s given the news might be a bad possibility or not, it is still a FUD for me without the proper legal action by the Japan authorities. If there is probability that it come to a banning of ICO, I don’t think bitcoin be affected to it or it might given more increases than everyone stating it would decrease.
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October 19, 2017, 03:31:40 AM
 #50

An ICO Ban In Japan Is Still A 'Definite Possibility says the news. Here is the link:
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#698d1d38213e
I don't want to cause FUD but I don't know.
Any views on this and on ETH price?
I thought they will just regulate it? does someone influences these Countries? like they are all deciding to completely ban icos from thinking to regulating these ICOs. These ICO bans will help the REAL ICOs to gain some attention for their projects and also to gain support from the community. I don;t see any problem on this news. It will be a problem if every country in the world bans ICO that would be a bigger problem.

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October 19, 2017, 04:25:01 AM
 #51

Although you don't want to cause FUD, the article itself is doing it since, in economics sciences, the students are taught that the economy is based on a percentage of speculation. That kind of news affects the price of bitcoin's and, subsequently, of every other altcoin. I really hope Japan doesn't ban ICOs
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October 19, 2017, 04:35:12 AM
 #52

Ico's should be well regulated , Some projects are scam and should be banned from collecting money from investors. Shitcoins and tokens are sprouting almost everyday to collect Millions of dollars then sadly turned out to be scam.
A momentary movement will be end soon, I do not think we will see many ICO projects in next year. The government will help us solve and remove all shit, ponzi projects. The SEC, China, South Korea and the rumor about Japanese government proved they do not ignore this field.

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October 19, 2017, 05:19:36 AM
 #53

Very good, ban crappy ICOs and make way for the real projects!

airdrops should probably also be banned from Bitcointalk because most of them are super scammy

I think what Governments want is to have control over these funds, just imagine the amount that have been raised this year alone, over $2 billion and if no one is asking these developers how they are using this fund then abuse is inevitable


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October 19, 2017, 05:27:31 AM
 #54

It seems to me that the news is natural. Last year ico projects have attracted $ 2 billion, of course the government cannot turn a blind eye. I think the regulation the ico in the world just a matter of time.

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October 19, 2017, 06:04:17 AM
 #55

I think ICO has become a serious threat for the government and I dont surprise to see Japan or any country to take this kind of action,  because there are too many coin that  is useless and too many people scammed through ICO,  and this will affected eth price,  it will drop down
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October 19, 2017, 07:23:26 AM
 #56

I think ICO has become a serious threat for the government and I dont surprise to see Japan or any country to take this kind of action,  because there are too many coin that  is useless and too many people scammed through ICO,  and this will affected eth price,  it will drop down
I agree with you that many new tokens are useless. Inevitably, Governments in the world will ban ICOs. But it maybe happens in short-term. After they find out the way to control ICOs, they will allow it again. Don't worry.  Grin

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October 19, 2017, 07:52:34 AM
 #57

NO CHANCE TO BE BAN  ICOS WILL SURVIVE. . . .  Regulated or Not
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October 19, 2017, 08:04:58 AM
 #58

The problems with ICOs is that government are not seeing how they can protect the investors if the ICO is a scam. This is a huge problem. How do you guarantee that your money is moving the company? But ICOs bans are not a problem for the existing tokens, bitcoin will not suffer from it. The only problem that will emerge is few new tokens on the market.

Government doesn't care if you get scammed.
Do you really think if bitcoin was worth 1 cent per coin that the government would be trying to stop bitcoin scams?

They want to supervise that money flow, nothing more, nothing less.

Exactly, they want a piece of whats to come. They dont care if you get ripped off in the process. They just want a piece of the rip off, because at the end of the day its YOUR MONEY you are investing. They cant protect you from your mistakes, but they can enforce regulations to ensure they get paid.
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October 19, 2017, 08:29:31 AM
 #59

NO CHANCE TO BE BAN  ICOS WILL SURVIVE. . . .  Regulated or Not

Hope so! I can't imagine Japan cracking down on ICO. Japan should be one of the driving forces for other governments to show how to treat new technologies  Sad
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October 19, 2017, 08:36:55 AM
 #60

It was incoming, crypto got into Africa and most 3rd world countries through the help of ponzi schemes, the price has grown rapidly within a year and my fears are only mounting for those that will lose their life savings here Cry

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