Bitcoin Forum
November 20, 2017, 01:04:14 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Do ICO's need licenses?  (Read 1713 times)
Embeco
Member
**
Offline Offline

Activity: 70


View Profile
November 05, 2017, 06:49:08 PM
 #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.

1511139854
Hero Member
*
Offline Offline

Posts: 1511139854

View Profile Personal Message (Offline)

Ignore
1511139854
Reply with quote  #2

1511139854
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.
GreenBits
Hero Member
*****
Offline Offline

Activity: 910


I have no mouth and I must scream.


View Profile
November 06, 2017, 02:33:20 AM
 #42

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?


Kingofbitcoin12345
Full Member
***
Offline Offline

Activity: 126


View Profile
November 06, 2017, 03:10:26 AM
 #43

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..

The future of money has arrived   ═══▌▌     TRUCKCOIN     ▐▐═══   For The Fastest Decentralized Global Market
《  ICO starts of Dec 1 st, 2017       ANN Thread     WhitePaper     Twitter     Facebook     Google+
═══════════════════     Powered by GoldenHill International     ═══════════════════
wilhb81
Full Member
***
Offline Offline

Activity: 126


Any store can buy, sell, and accept Crypto


View Profile
November 06, 2017, 08:14:42 AM
 #44

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.

________Any Store Can Buy, Sell and Accept Cryptocurrency________
█████████ ██ ███ ██      PUNDI X      ██ ███ ██ █████████
Whitepaper      Twitter      Facebook      Telegram      Medium      Youtube
Embeco
Member
**
Offline Offline

Activity: 70


View Profile
November 06, 2017, 09:37:47 AM
 #45

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.

Irvinn
Full Member
***
Offline Offline

Activity: 140



View Profile
November 08, 2017, 08:47:02 PM
 #46

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.

dashbit
Newbie
*
Offline Offline

Activity: 13


View Profile
November 08, 2017, 09:04:14 PM
 #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/

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. 
marcbitcoins
Member
**
Offline Offline

Activity: 112


View Profile
November 09, 2017, 07:05:13 AM
 #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.

<<|  ARToken by CAPPASITY  |>>
> Decentralized AR/VR Ecosystem for 3D Content Exchange <
> Follow Us:  facebook | twitter | linkedin | telegram | youtube | slack | google+ <
Kronos21
Full Member
***
Offline Offline

Activity: 196



View Profile
November 09, 2017, 04:00:55 PM
 #49

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.

legendbtc
Sr. Member
****
Offline Offline

Activity: 448



View Profile
November 10, 2017, 06:13:14 AM
 #50

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.



       ██                 ██                 ██
      ████               ████               ████
     ██████             ██████             ██████
    ████████           ████████           ████████
   ██████████         ██████████         ██████████
  ████████████       ████████████       ████████████
 ██████████████     ██████████████     ██████████████
████████████████   ████████████████   ████████████████
 ██████████████  █  ██████████████  █  ██████████████
  ████████████  ███  ████████████  ███  ████████████
   ██████████  █████  ██████████  █████  ██████████
    ████████  ███████  ████████  ███████  ████████
     ██████  █████████  ██████  █████████  ██████
      ████  ███████████  ████  ███████████  ████
       ██  █████████████  ██  █████████████  ██




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


█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
  ███████
█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █


█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
  ███████
█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
Opquar
Sr. Member
****
Offline Offline

Activity: 325


View Profile
November 10, 2017, 08:44:43 AM
 #51

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.
Granxis
Sr. Member
****
Offline Offline

Activity: 420


★Bitvest.io★ Play Plinko or Invest!


View Profile
November 10, 2017, 05:36:11 PM
 #52

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.



BITVEST DICE
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
Thiptiout
Jr. Member
*
Offline Offline

Activity: 41


View Profile
November 10, 2017, 07:02:16 PM
 #53

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
ismart1
Member
**
Offline Offline

Activity: 112

Make a difference, make it better.


View Profile WWW
November 10, 2017, 09:36:16 PM
 #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.

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

Activity: 686


View Profile
November 13, 2017, 06:56:43 AM
 #55

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. 

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
Pages: « 1 2 [3]  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!