Why ICO being ban in many Countries?

[3months18w]

I don't know why ICO system ban in
Our country (Bangladesh)  And I know
there are a few countries doing ban ICO.
But why? is ICO illegal someway?
Please kindly answer me.
Thanks

Some scammers make use of ICO to cheat people for money , and run away . Maybe the government want to protect people from scam , so they ban icos.

[RNGfight]

It is normal that the current ICO market does not have a very good regulation to regulate, so it looks more like a bubble and does need regulation.

[yrsat]

Why are countries so afraid of bitcoin?  In my opinion, the leaders of the country do not know how to control this process to take taxes from it. That's why they are banned.

[juicejoyce]

It is normal that the current ICO market does not have a very good regulation to regulate, so it looks more like a bubble and does need regulation.

You are right, ICO seems to be too easy to raise a lot of money and it is a high risk investment, if the project failed, it may cause some panic investors that is not good for government regulation.

[ycoin123]

I don't know why ICO system ban in
Our country (Bangladesh)  And I know
there are a few countries doing ban ICO.
But why? is ICO illegal someway?
Please kindly answer me.
Thanks

There is no one giving answer or taking stand for Us.

[cryptopan]

Because it is being mistakenly used to scam a lot of newbie investors,thats why countries are being protective to their assets which is the people.

[cL0uD]

To my mind this is due to number of scams based on ICOs.
People are now using ifos to scam tho, so not sure if it's worth banning.

[rain3798]

I don't know also, it made me curious if this ICO was a legit one or not. My friends tell me that this is not illegal but not also legal and then I found a site that lead me to the conclusion why they ban ICO which is maybe because It can cause bunkruptcy I think.

[armakarisma]

I think this is not only happening in my country (Indonesia) but also in many countries. in my opinion, this is more the way the government protects investors and money laundering practices. but with the KYC is a little help. hopefully there is a breakthrough for ICO legalized

[grchina]

Because there are just to many option for ico founders to scam their investors and run away with the money without any risk for them.There just arent any legal boundaries for ico founders to follow as in most cases ico goes international and the laws aint the same in all of the countries

[karasuri]

these are attempts to protect their own economy and business. perhaps it's even good for small countries. In addition, it often deceives its investors.

[redwhite037]

I think because your state does not have accurate circulating ICO. They can not manage it. easily lead to inflation and money laundering. But I think the sting is that the state can not charge the ICO to contribute to the state treasury

[khufuking]

A simple explain to this will be . They want to protect investors from getting scammed . ICO gained a very bad name to it , How many millions lost to a fake ico !! . This money lost is money going out from a country , Which they will never see again . This might be the simplest dumbest way to explain this

[pigheadbig]

A simple explain to this will be . They want to protect investors from getting scammed . ICO gained a very bad name to it , How many millions lost to a fake ico !! . This money lost is money going out from a country , Which they will never see again . This might be the simplest dumbest way to explain this

Yes, ICO is a very high risk investment and many greedy dev teams are trying to raise a lot of money, I think the government should regulate this market, but they should not ban them.

[magpie_lover]

Because the governments can't regulare ICO's, they feel it's one way for people to launder their money & evade taxes. The Govts survive on taxes.

[cryptoux]

Because it is being used to scam people,ICOs are just causing people to lose their money instantly thats why the government is protecting their citizen.

[bbcolex]

ICO ban or regulation main reason are uncontrolled growth and fear of collapse from those initial coin offering that would end up failing all people who invested in that project. Serious note, I don't have the definite reason behind it, but I think they want to regulate and also collect tax from investments being made and transactions using ico. Some ICO turned out to be a scam and ponzi.

[Pleione527]

Maybe because majority of previous ICO collapse after being introduce in tha market and government needs to protect their country especially their people in incurring losses from these ICO investment also one reason is that some countries only support bitcoin or are preparing to have their own coin t that will be introduce and use in their market.

[jatin729]

One the reason is decentralization because govt. don't have control over organization when organization operating on token which creates by organization itself. Here govt. think about revenue which come from taxes or other duties. but after ICO revenue get decrease thats why some counties does not supports ICOs.

[Felics]

ICOs are being misued by certain individuals but there are a legitimate way for many honest businesses. Which is the latest ban?