Switzerland, Guidelines and ICO.

[jhean_arcane]

In theory, cryptocurrency is something that cannot be controlled and almost impossible to regulate because it is decentralized in nature.

https://coingape.com/switzerland-ico-guidelines-to-be-crypto-nation/

The above link is about Switzerland making its ICO guidelines and plans to become a "crypto-nation".

This seems a good approach, but will regulation work when when they're trying to regulate something that is decentralized in nature? I know it's a "guideline": to make directions clear in a rapidly expanding system. Call me a pessimist, but then, regulation for the government means centralization and control. Isn't it?

[Omega Weapon]

In theory, cryptocurrency is something that cannot be controlled and almost impossible to regulate because it is decentralized in nature.

https://coingape.com/switzerland-ico-guidelines-to-be-crypto-nation/

The above link is about Switzerland making its ICO guidelines and plans to become a "crypto-nation".

This seems a good approach, but will regulation work when when they're trying to regulate something that is decentralized in nature? I know it's a "guideline": to make directions clear in a rapidly expanding system. Call me a pessimist, but then, regulation for the government means centralization and control. Isn't it?

Regulation will come and if you want to get your earnings in the regular economy you will have to accept it, only a few crypto users will refuse to go through those regulations but if they refuse then they will be unable to convert their profits to fiat, I do not like it either but unless crypto takes all over the world and replaces the current system we will have to deal with this.

[@ngelcryptopia]

In the ideal world, everyone wants to do away with regulation and has a completely decentralised and anonymous identity on the blockchain
But there is not enough self regulation in the cryptocurrency space, as observed by the number of scams project, hacking, lost funds etc
So government regulation is a necessary evil in the short term until we reach the ideal state.

[vrabac68]

I love Swiss nation.I would like to move there and live .Even Estonia and Slovenia are trying to do the same especially Estonia where you can get
E-residency now anywhere in the world just by applying online and paying 100$ when you get digital ID

[auliahr]

In theory, cryptocurrency is something that cannot be controlled and almost impossible to regulate because it is decentralized in nature.

https://coingape.com/switzerland-ico-guidelines-to-be-crypto-nation/

The above link is about Switzerland making its ICO guidelines and plans to become a "crypto-nation".

This seems a good approach, but will regulation work when when they're trying to regulate something that is decentralized in nature? I know it's a "guideline": to make directions clear in a rapidly expanding system. Call me a pessimist, but then, regulation for the government means centralization and control. Isn't it?

sounds interesting and I agree if swiss plans to make the rules that apply to ico. this rule seems to be a good approach for investors, so investors do not hesitate and afraid to invest in ico.

[jhean_arcane]

In the ideal world, everyone wants to do away with regulation and has a completely decentralised and anonymous identity on the blockchain
But there is not enough self regulation in the cryptocurrency space, as observed by the number of scams project, hacking, lost funds etc
So government regulation is a necessary evil in the short term until we reach the ideal state.

I've mulled the issue over and read through the online sources... and regulations are good for ICOs if we want to protect people from scams and bogus projects. You're right. Regulations are necessary but not really evil. I'm just ambivalent because of the capability of centralized authorities to exploit the rules for their personal gain. The error may not be on the rules applied, but on the people behind it. The pros and cons goes on the same level.

[Dutchtrader]

Well this makes it interesting to buy Swissborg.

[Lonsdayl]

It is great that Switzerland doesn't ban ICO and cryptocurrency, and trying to regulate industry. Government regulation gives investors new level of security, and on the other hard — legal status and law field for ICO projects and blockchain companies.

[jjbanks994]

I still think regulation in some capacity is important. A good project to watch that navigates regulation is Polymath. Platform for launching securities. They're basically disrupting Goldman Sachs.

https://cryptobriefing.com/ico-compliance-polymath/

[Azazana]

In theory, cryptocurrency is something that cannot be controlled and almost impossible to regulate because it is decentralized in nature.

https://coingape.com/switzerland-ico-guidelines-to-be-crypto-nation/

The above link is about Switzerland making its ICO guidelines and plans to become a "crypto-nation".

This seems a good approach, but will regulation work when when they're trying to regulate something that is decentralized in nature? I know it's a "guideline": to make directions clear in a rapidly expanding system. Call me a pessimist, but then, regulation for the government means centralization and control. Isn't it?

at least this will decrease the percentage of the scam in ICOs.Switzerland is the most reasonable in finance,in WWW2 all belligerent countries kept money in Swiss banks....so i think we can trust switzerland.

[jhean_arcane]

In theory, cryptocurrency is something that cannot be controlled and almost impossible to regulate because it is decentralized in nature.

https://coingape.com/switzerland-ico-guidelines-to-be-crypto-nation/

The above link is about Switzerland making its ICO guidelines and plans to become a "crypto-nation".

This seems a good approach, but will regulation work when when they're trying to regulate something that is decentralized in nature? I know it's a "guideline": to make directions clear in a rapidly expanding system. Call me a pessimist, but then, regulation for the government means centralization and control. Isn't it?

at least this will decrease the percentage of the scam in ICOs.Switzerland is the most reasonable in finance,in WWW2 all belligerent countries kept money in Swiss banks....so i think we can trust switzerland.

I agree. As I explore and see the reality of ICOs, it is really easy to exploit the lack of regulations which brings about many scams. Apparently, the population is divided whether to trust ICO or not because majority of it is a scam. So I am now converted. I am now positive with the plan of Switzerland to put guidelines on it. It may somehow compromise the decentralization of cryptocurrency, but there is always a turnaround. Regulations exist to protect the consumers and preserve the integrity of cryptocurrencies. Besides, cryptos rely on abstract trust without a central authority.