Lets Create NEW ICO standards! | Ultimate thread

[TimtheYoutuber]

I think it is quite difficult to implement country specific regulations. The ICO projects could just bypass it by registering itself in some countries that don't regulate ICOs.
As cryptocurrencies are all about decentralisation, I believe there should be community driven effort to self regulate these ICOs.
I could see there are some platforms trying to do that, it takes time for them to grow and mature and to become the gold standard in the crypto world.

I dont think we necessarily need regulations, we need standards as a community. We need to stand out against the shitty projects and get smarter with what we allow to pass.

[bigcash2011]

I agree, i would suggest that the new projects/ companies that aim to receive big funds from ico should be registered thoroughly by the local authorities, the business plan, team, company should be scrutinized thoroughly and after satisfaction and registration of each aspect the authority should give NOC to the project for the iCO, this will prevent fake or low quality projects to pass through this screening.

[rumexx]

Thank you for the video and the insight there in. The effect of scam ICO can never be over emphasis, more exposure and deterant need to be established to save guard  genuine ICO.

[not altcoin hitler]

First of all ICO projects should be a legally registered company and they must follow every rules and regulations in the respected country. For investors they must make KYC and AML policies mandatory which must be conducted in a strict manner. Team members profiles must be completely transparent without any black marks.

[TimtheYoutuber]

Thank you for the video and the insight there in. The effect of scam ICO can never be over emphasis, more exposure and deterant need to be established to save guard  genuine ICO.

I appreciate the comment If you have any suggestions feel free to add them.

[TimtheYoutuber]

Who else thinks we should have some ico standards. Since the starting of this, we have seen people get smarter and the government has put pressure for ICO's to add KYC information.

[Mysteryla]

There is no way all investors or cryptocurrency enthusiasts will have the same knowledge based idea that can be used to identify scam projects or ICOs that are not likely going to succeed. This is more reasons we need regulations. This way,even an investor that is still a novice will feel safe to invest, without having any cause whatsoever to panic. By then, the standards would have been laid down.

[TimtheYoutuber]

There is no way all investors or cryptocurrency enthusiasts will have the same knowledge based idea that can be used to identify scam projects or ICOs that are not likely going to succeed. This is more reasons we need regulations. This way,even an investor that is still a novice will feel safe to invest, without having any cause whatsoever to panic. By then, the standards would have been laid down.

Some regulations will actually help the industry, but people need to do research which is the key. LOTS of scams are very easily spotted.

[Irvinn]

I think it is quite difficult to implement country specific regulations. The ICO projects could just bypass it by registering itself in some countries that don't regulate ICOs.
As cryptocurrencies are all about decentralisation, I believe there should be community driven effort to self regulate these ICOs.
I could see there are some platforms trying to do that, it takes time for them to grow and mature and to become the gold standard in the crypto world.

I dont think we necessarily need regulations, we need standards as a community. We need to stand out against the shitty projects and get smarter with what we allow to pass.

Self-regulation in the activities of ICO will not help us get rid of fraudulent projects, as this will not be necessary for them. Therefore, we cannot do without state regulation of ICO activities. Government agencies will identify each member of the ICO team and most likely control the collection of funds and even their targeted use.
But to allow the ICO team to the possession of our confidential information is impossible. If such a KYC check is necessary, it should also be collected by a government agency.

[soundrum]

This is cool and I pray it happens one day so that the money and interest of investors will be protected from scammers and lazy developers and and if this could be standard of the industry, then many people will believe in it.

[rodskee]

Great idea or suggestions because there so many icos project are fake
Talking about how to implement standard rules and regulations making icos project is the first need to consider
Second the legality of the project 3rd the reputation of devs but how can do this?

[TimtheYoutuber]

Great idea or suggestions because there so many icos project are fake
Talking about how to implement standard rules and regulations making icos project is the first need to consider
Second the legality of the project 3rd the reputation of devs but how can do this?

I think people just need to be more educated on the possible risks and actual understanding of the market. There are people who still think the cryptocurrency market is just free money since bitcoin was booming. If people hold ICO's and companies to higher standards then things will change. I think we have already started to see some of the changes.

[Rob768]

I think your opinion is right. You will be a good ICO analyst, maybe you can try to become analyst in ICObench? I'm fond of quality ICO reviews and you can do them. Just try!