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Author Topic: Do ICO's need licenses?  (Read 2712 times)
GreenBits
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November 06, 2017, 02:33:20 AM
 #41

Regulations are not (only) there for harassing companies, but for protecting customers. Right now there is noone to protect customers which is why there is SO much scam going on. Therefore yes: ICOs should need licenses or at least regulation.

they should all need to register at least, I agree with you completely but would like to point out the utility token ICOs. if they actually are that and not a security in sheeps clothing. with no promise of profit, these are pretty much like a traditional crowdsale, they are essentially giving you "store points" that you can redeem later up the road map. would be like if walmart had an ico, and gave people walmart giftcards instead of tokens.

but in all cases, you shouldnt be able to collect that much capital without registering with the gov some kind of way. what if an ico is like a front for isis, and we send them 10milli?

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November 06, 2017, 03:10:26 AM
 #42

Licenses are important to know how sincere does the specific company is.. It’s more of showing your future client that your doing anything for they’re satisfaction and for they’re security.. It’s also a precautionary action on dealing with legality in thing.. Some might not even wanted to get licence for the first place is something shady for me..

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November 06, 2017, 08:14:42 AM
 #43

I think it's compulsory for every ICO to register and get their own license before they can announce their ICO to the public.

Also, these ICOs need to be regulated and observe by the "Securities Commission" to protect investors from being scammed by scammers.

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November 06, 2017, 09:37:47 AM
 #44

Regulations are not (only) there for harassing companies, but for protecting customers. Right now there is noone to protect customers which is why there is SO much scam going on. Therefore yes: ICOs should need licenses or at least regulation.

they should all need to register at least, I agree with you completely but would like to point out the utility token ICOs. if they actually are that and not a security in sheeps clothing. with no promise of profit, these are pretty much like a traditional crowdsale, they are essentially giving you "store points" that you can redeem later up the road map. would be like if walmart had an ico, and gave people walmart giftcards instead of tokens.

but in all cases, you shouldnt be able to collect that much capital without registering with the gov some kind of way. what if an ico is like a front for isis, and we send them 10milli?



I wouldn't talk down crowdfunding, lots of scam there as well. That's why many European countries have crowdfunding laws implemented by now. I want to see something similar for ICOs.
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November 08, 2017, 08:47:02 PM
 #45

I think that the activity of the ICO should be subject to licensing because recently the number of ICOs with fraudulent elements has sharply increased and investors began to suffer from this. Licensing of this type of activity should help reduce such risks. Then the investors' confidence in the ICO will be restored.

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November 08, 2017, 09:04:14 PM
 #46

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/

No this will then ruin the whole concept of decentralization.
I donot see they need one.
Like eth its donot have any license still the top ico till today.
We need to actually look at the projects an ico is doing and then determine its good or bad. 
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November 09, 2017, 07:05:13 AM
 #47

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/


This must be a necessary for all ICO's to be required to operate with license so that their is assurance for the people that the sites in which they will pour their investments are safe and secured and that their hard earned money will not be lost. By regulating, the ICO will be determine if legit or not because they will be required to submit of lot of necessary documents to prove the legitimacy of their business.

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November 09, 2017, 04:00:55 PM
 #48

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/


This must be a necessary for all ICO's to be required to operate with license so that their is assurance for the people that the sites in which they will pour their investments are safe and secured and that their hard earned money will not be lost. By regulating, the ICO will be determine if legit or not because they will be required to submit of lot of necessary documents to prove the legitimacy of their business.
It seems to me that you're oversimplifying the problem. Think about the classic banking system. In order to open the Bank to obtain a license. You are constantly under the control of the Central Bank which is the regulator of the market. It interferes with the bankers to bring the banks into bankruptcy? They just bypass the bans and deprive people of their savings.

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November 10, 2017, 06:13:14 AM
 #49

Most of the companies should approach the government and start forcing the government to legalize the CryptoCurrency because if they kept delaying many ICO's without any innovation they will start raising the money. The government should involve in this ICO for better future to the companies and to the investors.

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November 10, 2017, 08:44:43 AM
 #50

They don't need licenses in general. But countries may require them sometime in the future. I know the US is in the process of passing legislation.

Honestly though, I would be more likely to invest in ICOs that have some kind of official permit. That would make it harder for them to run off, which has been rampant among ICOs since their inception.
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November 10, 2017, 05:36:11 PM
 #51

I do not think ICOs need a license, but the license is not entirely unnecessary. China's prejudices may be resolved with a license. After all, every state wants to keep all things under their control.



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November 10, 2017, 07:02:16 PM
 #52

Licenses mean you will have real company and activity under taxes law but virtual money not agree with bitcoin so till now we can use bitcoin digital only
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November 10, 2017, 09:36:16 PM
 #53

I don´t think that a complete regulation with all sorts of difficulties should be created, but basic guidelines should be created and some registration be done, like I said before, not to generate government control, otherwise the very essence of the free world of the blockchain would be corrupted, but to avoid scammers who could be washed out naturally and give the investors, mainly those who are coming to know the crypto investment space have some security when investing their hard earned money. Noted though, that these guidelines should be done by blockchain experts and investors.

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November 13, 2017, 06:56:43 AM
 #54

I don´t think that a complete regulation with all sorts of difficulties should be created, but basic guidelines should be created and some registration be done, like I said before, not to generate government control, otherwise the very essence of the free world of the blockchain would be corrupted, but to avoid scammers who could be washed out naturally and give the investors, mainly those who are coming to know the crypto investment space have some security when investing their hard earned money. Noted though, that these guidelines should be done by blockchain experts and investors.

It depends on how your government welcomes these ICOs. You should know that governments from around the world treat ICOs differently. As they say, different strokes for different folks. You would have to check on your respective governments on how they control the proliferation of ICOs because it is them who have the legal authority to decide on matters that affect public interest. 

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November 21, 2017, 07:49:54 AM
 #55

I think it's time for any ICO to have a licenses before they start operating these projects. It's like anyone who wants to make their own definition of "best" or "the  future" coins can now do it easily and just run away after investors put large money in it.

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November 21, 2017, 08:21:43 AM
 #56

License is not, but a registration would be mandatory for them, since so many are starting with a small amount of money, a script, web-host, graphics, etc. So many Govts are not looking these scam ICO's including our Country India to arrest them and put in jail.

I hope in the next year 2018 Governments will take care of these scam ICO's.

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November 21, 2017, 08:38:28 AM
 #57

indeed the cause why china banning ICO because too many ICO scams available currently and with licenses i think it will ensure people funds secure but cryptocurrencies purposse based on anonymity and i don't think this is will effective and people probably doesn't so like ICO project with lisences by the government

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November 21, 2017, 10:43:57 AM
 #58

The answer to this question depends on the ICO, their token and underlying products. Registration requirements could range from zero to crazy hard (eg creating a crypto/fiat) bank.


https://incremint.io/ - an escrow solution for ICOs - now offering the Token for Credible ICO Discounts
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November 21, 2017, 06:27:55 PM
 #59

Most of the companies should approach the government and start forcing the government to legalize the CryptoCurrency because if they kept delaying many ICO's without any innovation they will start raising the money. The government should involve in this ICO for better future to the companies and to the investors.

The companies will never do that. Most of the ICOs are scam (almost 90-95% are scam). So why they force the gov to legalize their work? They will never want their ICO to be regulated.

indeed the cause why china banning ICO because too many ICO scams available currently and with licenses i think it will ensure people funds secure but cryptocurrencies purposse based on anonymity and i don't think this is will effective and people probably doesn't so like ICO project with lisences by the government

A licenses will bring lots of investors to the cryptocurrency market.

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November 21, 2017, 06:43:09 PM
 #60

I'm sorry I couldn't catch all the opinions, but in my view some regulations are needed for ICOs. It's not about limiting the magnitude of initial coin offerings, but making them more transparent and even attractive cautious investors. Banning ICOs is obviously an extremely poor solution; yet a form of ground rules would be crucial for the success of the future offerings.   

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