How to regulate crypto properly?

[realestates15]

With many countries considering the crypto or blockchain technology, how do we regulate it properly?

[cryptoreal6]

Don't regulate it. if you regulate it. it will never be decentralized

[netadacadug]

Create a framework for ICOs
You’ve done your homework and read our guide: “Should You Launch An ICO?” But chances are you still can’t discern if an ICO is legitimate or not. If you’ve even taken one look at a whitepaper, chances are you’ve given up on the first paragraph.

People are investing in ICOs just because of the hype and have no idea where their money is going – this won’t end well.

ICOs have their place in the decentralised universe. Imagine a new, less awful, Twitter was created and funded by pre-selling usernames – thanks to the blockchain, users would be able to vote on how it’s managed. But although an ICO can make sense, it won’t if there’s no product and the team behind it isn’t even real.

A clear set of rules on what is and isn’t acceptable should be set out. In September 2017, the FCA said “an ICO could be considered as deposit-taking, e-money issuance, contract for difference, derivative or a collective investment scheme”. Er, okay. Also, who is responsible for the funds raised? What is the refund mechanism if they fail to deliver? What action can be taken in the event of governance issues?

Challenger Banks have to go through endless hoops to prove they can hold large stakes of customers' money – how are new blockchains any different?

But it would be very hard for the government to regulate every ICO out there. So…

[Shova]

Regulation word by government generally means they want a cut of profit. They'll just tax up every trade profit or loss.
Only positive thing can be it'd be easier to pull scam ICO team to court and hence decreasing the number of scam ICO.

[MISS_nSTASSY]

The best way to regulate crypto - is not to regulate it at all This thing was created not for regulation, and it can't be controlled by anybody. And till you don't understand it all community will have troubles with this.
Crypto is transparent. We all can see how much coins received the recipient and from where. The only thing that we don't know - who is sender and who received.
Yes, there are some coins that hide even this information - just close it the way to big market and thats the solution. What to regulate on crypto? This is bullshit, someone just don't want to lose his authority

[Donned]

At present, there are still many problems in the whole cryptocurrency market, so some regulation is needed.
There are too many altcoin without any function, just hype.

[Doppl3r]

That's the problem with that. Everyone wants to control something to be able to get more than the others. Man is the most important cause of all ills. This system controls everything without human intervention. She's perfect.

[fzavertuk]

I think the best and only way to regulate is not to regulate it at all. Because it wasn't created for that purpose. It is not who can not regulate and it will never be

[BogdanGFTP]

It is very interesting topic. There should be many positions for discussing. But I think law regulations will not be provided this year. It is very long process to do it properly.