why don't ICOs accept fiat?

[Ariess]

Because they can't.
Most of the ICOs remain unregulated, for the simple reason that they can't be regulated and it's going to be hard time for them to search for a country that is willing to accept them.
More then that, it's going to be even harder to find a bank that will accept them, as most of the banks won't because they will be afraid of money laundering.
Accepting fiat for ICOs means that you are legal, and being legal in the crypto wotld is really hard.

I agree with your exposure
this has been a very long discussion. and I do not think it will happen to do crypto transactions with fiat, because of which countries are willing to accept and banks are willing. like what you say.

[Lumada]

Because they can't.
Most of the ICOs remain unregulated, for the simple reason that they can't be regulated and it's going to be hard time for them to search for a country that is willing to accept them.
More then that, it's going to be even harder to find a bank that will accept them, as most of the banks won't because they will be afraid of money laundering.
Accepting fiat for ICOs means that you are legal, and being legal in the crypto wotld is really hard.

I agree with your exposure
this has been a very long discussion. and I do not think it will happen to do crypto transactions with fiat, because of which countries are willing to accept and banks are willing. like what you say.

I have seen plenty of ICO before that are accepting fiat, try to read carefully their ways of transactions or how to invest, some offered fiat as amode of payment, been seen a lot of it in twitter too, maybe not your countries fiat but USD is much preferred in many ICO.

[X-ray]

I've been researching ICOs and I'm wondering why no ICOs appear to accept fiat?

I understand credit cards have the issue of chargebacks, but since an ICO often distributes the coins at a later date, they could presumably issue the coins after the chargeback period has ended.

They could also accept checks, bank wires, transfers, Zelle, etc.

Since many people don't have access to cryptos, I would think accepting fiat would increases the chances of success for their ICO.

I'm assuming it must involve legal reasons such as upsetting the Securities and Exchange Commission, or the potential of being classified as a money service business (MSB) since changing fiat for crypto could put you in that category.

Since many ICOs appear to be either scams or little more than concepts with little chance of success, perhaps it's also to prevent burned investors from taking legal action later if the project fails, since they traded one token without intrinsic value for another token without intrinsic value instead of cash, thereby making a lawsuit more difficult in claiming damages, etc.

Is there anything I'm missing?

If you wanna do more effort and then you will be seeing some icos were accepting fiat payment through sire transaction to the bank. But the majority of icos saw it as a difficult way to do. If they can raise money through cryptocurrency and why do they need fiat? Honestly both has the same potential. but in the crypto you were getting more security because all of things got encryption.

[Deylandra]

I could always move from California to Switzerland.

That seems to be a popular place for crypto headquarters.

But it costs like $20 for a 6 piece chicken nugget meal at McDonald's. If it weren't for that.

[Ix]

Or you could raise money ethically and legally.

[Crumple Cat]

Some ICOs accept fiat, but there are not many such.
By the way, perhaps you have not heard, but it will soon be possible to hold the ICO taking cash
This will be possible thanks to the Dether partnership with Zilla
https://twitter.com/dether_io/status/963793453619478529

[Kosscoin]

Since ICO are held in the crypto community, it is oriented to investors with cryptocurrency, but this is not always the case, I have repeatedly met that projects accept and fiat funds from the investors, it depends on the project itself, as he decides to do.

[r32godzilla]

ICO launchers find it much easier and hassle free to collect the required funds in cryptos.Even the scam project owners find it easier to run with the collected cryptos if the project fails to raise the required funds without leaving any traces for government sectors.

[mersal]

I think some ICO are accepting fiat money too because I saw in some ICO's website in the accepted currencies USD is also included but I don't know they accepting other fiat but the ICO are available who accept fiat money also.

[andthereyou]

In my own opinion since the ICO projects is about cryptocurrency then it's only natural to accept other cryptocurrency as a payments. Accepting fiat is too much hassle.

[bitkanu]

I've been researching ICOs and I'm wondering why no ICOs appear to accept fiat?

Actually there is, for example, BAR, and many more.

I understand credit cards have the issue of chargebacks, but since an ICO often distributes the coins at a later date, they could presumably issue the coins after the chargeback period has ended.

They could also accept checks, bank wires, transfers, Zelle, etc.

Since many people don't have access to cryptos, I would think accepting fiat would increases the chances of success for their ICO.

I'm assuming it must involve legal reasons such as upsetting the Securities and Exchange Commission, or the potential of being classified as a money service business (MSB) since changing fiat for crypto could put you in that category.

Since many ICOs appear to be either scams or little more than concepts with little chance of success, perhaps it's also to prevent burned investors from taking legal action later if the project fails, since they traded one token without intrinsic value for another token without intrinsic value instead of cash, thereby making a lawsuit more difficult in claiming damages, etc.

Is there anything I'm missing?

Maybe legal reason is the strong factor here and also moving a big funds could be easily done through crypto while through traditional banking system it'll seem that you need to go more implicated steps to did it.
Talking about the legal action if project fails, you still have the chance to report anyone else involved if something goes wrong.
But just wait for ICO 2.0 and we'll see something new.

[cryptolottocc]

I've been researching ICOs and I'm wondering why no ICOs appear to accept fiat?

I understand credit cards have the issue of chargebacks, but since an ICO often distributes the coins at a later date, they could presumably issue the coins after the chargeback period has ended.

They could also accept checks, bank wires, transfers, Zelle, etc.

Since many people don't have access to cryptos, I would think accepting fiat would increases the chances of success for their ICO.

I'm assuming it must involve legal reasons such as upsetting the Securities and Exchange Commission, or the potential of being classified as a money service business (MSB) since changing fiat for crypto could put you in that category.

Since many ICOs appear to be either scams or little more than concepts with little chance of success, perhaps it's also to prevent burned investors from taking legal action later if the project fails, since they traded one token without intrinsic value for another token without intrinsic value instead of cash, thereby making a lawsuit more difficult in claiming damages, etc.

Is there anything I'm missing?

1. Most of ICO are rubbish, as a result they end as a complete failure.
2. U cannot just take money from people, promise them a big income, and then waste it.
3. This is called fraud and it leads to a criminal penalty in most countries.  
4. Crypto is not regulated and such activity is not leading to any responsibility (however, this is very temporary).

[lunnatic]

Perhaps the reason ICO is not using fiat money is a very difficult process. Compared to other Bitcoin and Cryptocurrency it is very easy to send money in the form of crypto for investment in ICO.

[Bastime]

Most ICOs does only accept Bitcoin, Ethereum, NEO and other Top Altcoins because it's better and more flexible for them to get funds and it's the easiest way to to inventory their sales.
Soft and hard caps are mostly measured by BTC and ETH so investors should convert their money into BTC or ETH first before they could invest into ICOs.
It depends on every ICOs by the way because there are some also are accepting credit and debit cards as their mode of investments.

[Deylandra]

The coin I'm building is designed to strip the 1% of their political power. The goal or intention is not to make money, the organization is to be a non-profit.

Where bitcoin is a meteor heading on a collision course with the banking sector, what I'm designing is meant to revolutionize our political system.

The mechanism for this is complex.

However, my intention is to build a more local community starting with the California bay area and get non crypto people involved.
Transactions and interactions, while they'll be in cyberspace, the idea is to have a lot of transactions and interactions in the real world also.

Thus accepting fiat in the ICO offers advantages since non crypto people are a large part of my intended audience.

And since reforming the political system is the goal, upsetting the people in power is a real possibility, so the legal issues are important including crossing the T's and dotting the i's.

I do wish we could reform the political system for free without the need to raise money, but unfortunately that is not realistic.

[Bastime]

In my own opinion since the ICO projects is about cryptocurrency then it's only natural to accept other cryptocurrency as a payments. Accepting fiat is too much hassle.

Almost all ICOs today are accepting only BTC and ETH but back in the days - ICOs were accepting investments mainly through debit and credit cards because most investors have not yet access with Bitcoin and Ethereum.
But now, there are still ICOs who do accepts cards but their main goal as soft and hard caps are BTC or ETH quantities so if we're gonna invest this year to any ICOs it would be easier if we'll convert them first into BTC or Ethereum than using our debit or credit cards.

[maursader]

There are many ICOs out there which accept fiat payment.

I invested into VALID with Fiat. There was an pay by credit card option.

[h0lybyte]

In my opinion, if ICOs accept fiat, they would need to reveak their banking info and more identification which can cause problems not only to iCO developers but also put investors in severe problems. In addition, the ICO project will nit remain decentralized anymore because the time you are sending fiat, that means you are willing to be tracked by third parties

[MartoValenti]

I have seen ICOs to accept fiat. But this is probably for bigger investments.
Also, transfer in crypto is way too cheaper than transfer in fiat. Also, there is a loooot of paper work if the payments are in fiat. And there is a legal obligation between the two parties if the transfer is in fiat. Probably the last one is the main reason why most of the ICOs do not accept fiat.

[VenturaBro]

I have seen ICOs to accept fiat. But this is probably for bigger investments.
Also, transfer in crypto is way too cheaper than transfer in fiat. Also, there is a loooot of paper work if the payments are in fiat. And there is a legal obligation between the two parties if the transfer is in fiat. Probably the last one is the main reason why most of the ICOs do not accept fiat.

Pretty much sums it up. It's just too inconvenient.

Also, doesn't it make more sense to invest in a crypto project with crypto?