Is there any regulatory committee for crypto?

[KrishaBitcoin]

I think there should be a regulatory committee under the coin launching firm. By implementing this, I believe so many scams can be reduced. What is your thought??

Indeed, the need for ICO regulation is now much important because of the scam and fraud ICO are now rampant in the crpto world. This ICO regulation is now started in the countries that legalize Bitcoin like in the USA in which the need of KYC is now very important requirement for the safety of both the ICO and the participants

[peter0425]

I think there should be a regulatory committee under the coin launching firm. By implementing this, I believe so many scams can be reduced. What is your thought??

Indeed, the need for ICO regulation is now much important because of the scam and fraud ICO are now rampant in the crpto world. This ICO regulation is now started in the countries that legalize Bitcoin like in the USA in which the need of KYC is now very important requirement for the safety of both the ICO and the participants

But I don't think that there will be a single regulatory body to overlook everything. Each nation should have its own framework on how to deal with crypto, could be total regulations like KYC and nothing at all but they need to inform the public to be careful about investing on something you don't know. We still have responsibilities to look at where our money is going and I don't believed that government really wanted to protect their people, they don't want crypto to take off that's why they are clamping on it as early as they can.

[Sandeep24]

I think there are no any regulatory committee for crypto but it is necessary because after implementation of regulatory committee, it can be stop fraud and other illigal activities in this sector.

[Jaslinbor28]

Yes there must be some an authority to control the whole system. Now a days, so many crimes are done with the transaction of crypto. If these cannot be controlled, it will be a massive problem for the industry.

[zhekinsp]

Yes there must be some an authority to control the whole system. Now a days, so many crimes are done with the transaction of crypto. If these cannot be controlled, it will be a massive problem for the industry.

But no one can control the decentralized market and which has no centralized authority and we even don't know who created the bitcoin.Scammers are everywere so it is not only happening with crypto currency field and the anonimity give the scammers to create scam ICOs but we have to be careful and well knowledgeable about crypto currency is the way can stop us from getting scammed.

[asnawi808087h]

In fact the cryptocurency currency market is a decentralized market where there is no control, Networks are independent or not controlled by people. in the crypto currency market may not have any setting committee or anything else. Decentralization only makes the network more stable or faster and cheaper. because the cause becomes very popular.

[asnawi808087h]

I think the regulations on the financial markets help fight or fraudulently isolate and keep everything trustworthy or clean. But in a decentralized environment like a crypto currency, it seems as if it was shot very long. maybe some people decide to opt out, all the anonymity constraints are attacked. The idea may have to be guilty of making a neutral authority, which is recognized by all people around the world. It should also be used for disputes with disputes. Each country has a supervisory authority or oversees its financial markets, so even if they lose a lot of fraud then they have just started a similar one.