Bitcoin Forum
November 22, 2017, 08:38:47 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 »  All
  Print  
Author Topic: Do ICO's need licenses?  (Read 1923 times)
rjbtc2017
Full Member
***
Offline Offline

Activity: 196


JOLYY - The future of beauty!


View Profile
October 23, 2017, 05:16:53 AM
 #21

ICOs are IPOs in digital coin form. Of course they need licenses to operate, ICOs/IPOs are crowd sourcing for a business/product, and Businesses needs  licenses to operate as well, some countries ban this because it may result to fraud which is acceptable and justifiable. You can see that the Government on each country, sees ICOs as IPOs and they are handling ICOs as they handle IPOs.

1511383127
Hero Member
*
Offline Offline

Posts: 1511383127

View Profile Personal Message (Offline)

Ignore
1511383127
Reply with quote  #2

1511383127
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Nameless27
Sr. Member
****
Offline Offline

Activity: 266


View Profile
October 23, 2017, 05:19:19 AM
 #22

In legal perspective, I will go for licensing my ICO if I was one of the owner. Sadly because for many controversy that ICO is dramatically facing right now, the September banning from China to South Korea and scamming investors by ICO team left and right. For them that investors bring back confidence by a licence is a must.

It will not present as legal or legit ICO project but it will surely help more than no license at all.
elite2291
Member
**
Offline Offline

Activity: 92


View Profile
October 23, 2017, 05:36:04 AM
 #23

ICOs are IPOs in digital coin form. Of course they need licenses to operate, ICOs/IPOs are crowd sourcing for a business/product, and Businesses needs  licenses to operate as well, some countries ban this because it may result to fraud which is acceptable and justifiable. You can see that the Government on each country, sees ICOs as IPOs and they are handling ICOs as they handle IPOs.

I agree^
This is the best way to prevent scams. Just the other day I saw someone offering services to start your own ico on fiverr for $95 LOL.
This is a great move for unikoingold because they have so many investors interested and a lot of eyes on them.
samcrypto
Jr. Member
*
Offline Offline

Activity: 42


View Profile
October 23, 2017, 06:14:26 AM
 #24

If you are really sure to do business well you really to comply for those licenses to fully and legally operate, and i think this is a great factor for your ICO so investors will surely the project is legit.

TagaMungkahi
Member
**
Offline Offline

Activity: 112


View Profile
October 23, 2017, 06:16:30 AM
 #25

Of course they needed to be licensed, If the Government will not be able to verify and licensed such a business crowd sourcing event then it is considered illegal and Scam. Licenses from Government will also make a risk-free on trusting the ICO because the Government acknowledged it's authenticity.

orions.belt19
Full Member
***
Offline Offline

Activity: 182



View Profile
October 23, 2017, 07:11:37 AM
 #26

Of course they needed to be licensed, If the Government will not be able to verify and licensed such a business crowd sourcing event then it is considered illegal and Scam. Licenses from Government will also make a risk-free on trusting the ICO because the Government acknowledged it's authenticity.

Just as with IPOs, there should also be regulations for ICOs because generally they are similar. It should be imposed so as to have some control and to avoid frauds and scams. Also, if licenses were issued it would encourage the investors because it would contribute to the legitimacy of an ICO. However, most jurisdictions have not made any specifications in their law because it may not be recognized yet. Some countries may not even recognized the presence of it.

bacardibacani
Newbie
*
Offline Offline

Activity: 27


View Profile
October 23, 2017, 01:48:07 PM
 #27

Depends which country and industry it is registered in.
de_xt
Sr. Member
****
Offline Offline

Activity: 462


Account hacked from Oct 11th to Nov 1st 2017


View Profile
October 23, 2017, 04:04:23 PM
 #28

    We are prohibited from collecting money as we would like for any business, and there are rules for collecting money from people. It should be checked whether the money collected in ICOs is used for the job and whether the given promises are fulfilled. Digital funds invested by project investors have become garbage because the money collected in many projects does not use to develop the project. Getting a license to do ICO is not enough, but it may be an advantage to attract more investors.

         ▄███████████████▄
       ▄██▀             ▀██▄
    ▄▄██▀                 ▀██▄▄
█████▀▀       ▄▀▀▀▀▀▀▀▄▄    ▀▀█████
██          ▄▀ ▄▄▄▀▀▀▀▄▀█▄▄      ██
▐█▌       ▄▀ ▄▀ ▄▄▄▀▀▀▄▀▀▀███   ▐█▌
 ██      ▄▀▄▀▄▀▀▄▄▄▀▀▀▀▀█ ▄█▀   ██
 ▐█▌    █▄▀▄▀▄█▀▀▀ ▀█▀ ▄▀▄▀█   ▐█▌
  ██    █▄▀▄▀▄▄█▀ ▄▀ ▄▀▄▀▄▀█   ██
  ▐█▌ ▀▄█████▀▄▄▀▀▄▄▀▄▀▄▀▄▀█  ▐█▌
   ██▌▀████▀██▄▄▀▀▄▄▀▄▀▄▀▄█▀ ▐██
    ██▌▀█▀▀█▄▀▀▄▀▀▄▄▀▄█▄▄█▀ ▐██
     ██▌ ▀  ▀███▄▄▄█████▀  ▐██
      ██▄      ▀▀▀▀▀      ▄██
       ▀██▄             ▄██▀
         ▀██▄         ▄██▀
           ▀██▄     ▄██▀
             ▀███▄███▀
               ▀███▀
DeepOnion 
★ ★ ★ ★ ★   ❱❱❱ JOIN AIRDROP NOW!
TOR INTEGRATED & SECURED
★  Your Anonymity Guaranteed
★  Your Assets Secured by TOR
★  Guard Your Privacy!
|Bitcointalk
Reddit
Telegram
|                        ▄▄▀▄▄▀▄▄▀▄▀▀
                    ▄▄██▀█▀▄▀▀▀
                  ▄██▄█▄██▀
                ▄██████▀
              ▄██████▀
  ▄█▄▄▄▄▄▄▄▄▄██████▀
██████▀▀▀▀▀██████▀
 ▀█████  ▄███████
  ████████████▀██
  ██▀███████▀  ██
  ██ ▀████▀    ██
  ██   ▀▀      ██
  ▀█████████████▀
Endry333
Jr. Member
*
Offline Offline

Activity: 30


View Profile
November 02, 2017, 05:28:09 PM
 #29

ICO последнее время,очень перспективная тема
ismart1
Full Member
***
Online Online

Activity: 126


Make a difference, make it better.


View Profile WWW
November 02, 2017, 10:04:15 PM
 #30

I don´t believe that should be regulated like the present IPOs, but some basic regulation would be healthy for the market since that would avoid scams and we as investors would benefit from some verification. But completely regulation would probably take good opportunities form the market if these regulations wouldn´t be done guided by an expert from an insider of the cryptocurrency space because most governments are full of policies based on politics and they are unaware of the methods and attributes of the ICO projects.

▬▬▬ ▰ ▰ ▰ ▰ ▰ ▰ E i d o o ▬ your blockchain asset experience ▰ ▰ ▰ ▰ ▰ ▰ ▬▬▬
▬▬▬▬▬▬▬▬▬ " Token Sale Raised 82,372.33 ETH " ▬▬▬▬▬▬▬▬▬
▬▬▬ ▰ ▰ ▰ ▰ ▰ ▰ TwitterFacebook  ▰ BountyDiscussion ▰ ▰ ▰ ▰ ▰ ▰ ▬▬▬
Balderon
Full Member
***
Offline Offline

Activity: 196


View Profile
November 02, 2017, 10:31:17 PM
 #31

Sorry, I can't follow you?

Unikrn got a Malta Gaming Authority license for their esports fiat wagering to make their online betting service legal? How is this related to ICOs need a license?

Or is Unikrn an ICO and Malta gave them a license for their ICO project?

To answer your question in general, if an ICO needs a license or not depends on the laws of the country where it operates. At the moment most countries don't require licenses.

Yarex
Newbie
*
Offline Offline

Activity: 26


View Profile
November 02, 2017, 10:39:54 PM
 #32

I think what's missing from ico's and them forming so quickly is regulation. Regardless there should be some third party or qualifications for ico's to pass before launching and 99% of them scamming people. It's too easy to scam people too. Make a legit looking whitepaper, build a nice custom site, and spread it like wildfire. No one does their research anyways. Licenses should exist.

I've been watching unikoin for weeks and it only looks better that they got their license. Gambling or not, they are killing it. Plus, getting more creidbility looks better for investors and just people in general. They cared enough to go get a license.

it's a real truth. i mean scamming people.but ok, what kind lawyers will give licenses?what agencies?this is a huge problem.that is the question.
jaocoincrypto18
Member
**
Offline Offline

Activity: 112


View Profile
November 03, 2017, 03:13:46 AM
 #33

Lately there's been a lot of talk about regulation. What about ICO's?

What do you see with the ones complying with governments? It seems to be a big play longevity wise.

For ex. Unikrn got their Malta license, making esports fiat wagering legal in most of europe. Does this pave the way for future ico's? Should this be an indicator of a good, trustworthy ico?

More info: https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/


The government will required ICO to have a license for sure if the digital currency will be completely regulated. The main purpose of regulating is to ensure the safety and the welfare of the people including the nations from fraud and scams therefore any ICO that will lead an digital currency marketing should be required a legal documents so that they can be strictly monitored by the government.

<<|  ARToken by CAPPASITY  |>>
> Decentralized AR/VR Ecosystem for 3D Content Exchange <
> Follow Us:  facebook | twitter | linkedin | telegram | youtube | slack | google+ <
lili song
Hero Member
*****
Offline Offline

Activity: 686


❤ Angel Token ❤


View Profile
November 03, 2017, 07:58:32 AM
 #34

Some of ICO may not require any license at all as we can see for example : China decide ban ICO because they like gambling site, it's too risk for people to invest as they did not operate using license.
Even if they operated with license, the government also need to monitor any ICO activity !



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█    
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌    
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌    
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌    
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀      
            ▀█▄         ▀█▄▄▄█▌▄█▀        
              ▀██▄▄       ▀▄▄██▀          
                 ▀▀████████▀▀             

kush15785
Newbie
*
Offline Offline

Activity: 1


View Profile
November 03, 2017, 09:29:41 AM
 #35

ICO's have very positive future. If not regulated it could bring both clash and cash. Some ICO's has very short lifespan, in this point of view they should be regulated to avoid lose of investor's money, but when they began to be trustworthy they should be free floated, unregulated and free from govt. hand.
As Bitcoin became successful as free float crypto currency, all the ICO's should have their chances at some sort of point.
Qartersa
Hero Member
*****
Offline Offline

Activity: 686


View Profile
November 03, 2017, 04:49:11 PM
 #36

As for me, generally, no. But since it is a form of investment, I guess there is a need for some regulation to protect the investors' from other introductory coins that are fraudulent. I think anything that does not have a regulation with it is prone to abuses thus the need for a regulation that does not completely restrict growth and development. In short, a regulation that is just fitting to the needs of investors and the public in general.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
avikz
Hero Member
*****
Offline Offline

Activity: 728



View Profile
November 04, 2017, 05:54:03 PM
 #37

Lately there's been a lot of talk about regulation. What about ICO's?

What do you see with the ones complying with governments? It seems to be a big play longevity wise.

For ex. Unikrn got their Malta license, making esports fiat wagering legal in most of europe. Does this pave the way for future ico's? Should this be an indicator of a good, trustworthy ico?

More info: https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/


ICO is a very controversial way to raise money and a majority of the ICOs are not trusted. I have seen many ICOs raised funds from the market but didn't deliver the final product which was promised at the initial stage of the ICO. So I strongly believe that ICOs need to be regulated big time. Otherwise, the crypto market will loose its reputation to a handful of scammers.

I believe, a proper license and regulation will bring back the trust in ICO market and more investment will flow in to it. Having new idea is a good thing and raising fund for any idea is a welcoming move. The the company should also maintain their integrity which is currently lacking. So even if License is not mandatory for many countries, but it is a good to have thing. 

    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   
   ████████████████████████████████   
     ▀██████████████████████████▀     
        ▀████████████████████▀       
          ████████████████▀         
            █████████████           
            ▀████████████▀           
             ▀██████████▀             
              ██████████             
               ████████               
               ▀██████▀               
                ██████               
                  ▀                   
.
.trade.io.
██████
██████
███
███
███
███
███
███
███
███
███
██████
██████

▄██████████████████▄
███       ▀███████
███       █████████
███       █████████
███       █████████
███              ██
███   ▄▄▄▄▄▄▄▄   ███
███   ▄▄▄▄▄▄▄▄   ███
███              ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
██████████████████▀

▄██████████████████▄
███████████▀ ███████
█████████▀   ███████
███████▀     ██▀ ███
███ ▀▀       █▄▄████
███          █▀▀▀▀██
███ ▄▄       ███████
██████▄     █▄ ▀███
█████████▄   ███▄███
███████████▄ ███████
▀██████████████████▀

▄██████████████████▄
████████████████████
███████████████▀▀ ██
█████████▀▀     ███
████▀▀     ▄█▀   ███
███▄    ▄██      ███
█████████▀      ▄██
█████████▄     ████
█████████████▄ ▄████
████████████████████
▀██████████████████▀
██████
██████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
██████
██████
.
.Join the Trading Revolution.
lepricoin
Full Member
***
Offline Offline

Activity: 168



View Profile
November 04, 2017, 07:42:08 PM
 #38

this is a good idea, as now aa are created even without white paper and a new idea, in order to quickly earn the money they earn! so there can be less stupid projects and stupid investors

Hamphser
Sr. Member
****
Offline Offline

Activity: 392


JOLYY - The future of beauty!


View Profile
November 04, 2017, 11:20:08 PM
 #39

Lately there's been a lot of talk about regulation. What about ICO's?

What do you see with the ones complying with governments? It seems to be a big play longevity wise.

For ex. Unikrn got their Malta license, making esports fiat wagering legal in most of europe. Does this pave the way for future ico's? Should this be an indicator of a good, trustworthy ico?

More info: https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/

Regarding on longevity then regulation would really make some changes compared into those non regulated ones since both investors and its owners will really have the transparency since its being regulated already.If we do try to see now there are lots of Scam projects which results on ending up badly on its investors.This is why im already hesitant on making investment or putting up money.They should really be regulated to lessen the risk on losing too much money on putting up on useless things.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
           T H E   F U T U R E             
                       o f   B E A U T Y


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
Hexah
Sr. Member
****
Offline Offline

Activity: 336


~ Veritas Mining - Bounty Campaign Manager ~


View Profile
November 05, 2017, 12:44:36 AM
 #40

If for security and good for the investors then it would be nice that ICO's have licenses to have to so that in case that it would just run from investors and just collect monies they have a way to get what they invested for. I think these kind of topic has a solution from now and I heard that a company from Russia called IRI has proposed to launch a platform to list all ICO's and all the the individuals that composed it to ensure its not scam one and if they try to run from investors that platform has records they have if just in case it would happen.

Veritas Mining

▄▄▄▄▄▄
  ████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
  ████
▀▀▀▀▀▀
        Sustainable Crypto - Mining    
   ●Cost Efficient  ●Eco-Friendly  ●Profitable  ●Innovative   

▄▄▄▄▄▄
  ████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
  ████
▀▀▀▀▀▀
■Facebook   ■ANN Thread      ■Linkedin 
■Twitter         ■Telegram          ■Slack
■Medium       ■Whitepaper    ■Reddit
Pages: « 1 [2] 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!