ICOs now regulated, expect better ICOs, less Scams

[raptorez]

It seems to me that all this is nothing more than just good news, but still there is nothing guaranteed, most importantly, how to improve the situation with scam projects is to take part in projects with verified developers.

[abruchifid]

Well that's a good news to the crypto investors as they will be protected with those regulations. Then, how about those ICOs that are not originated from France? Is this mandatory to all ICOs to secure certificate from those group?

I am sure some countries that are not sure of how to handle the crypto regulation issue can learn from France, that they can actually benefit more from it than when they ban it, banning it will only mean they lose such investments to other countries where it is allowed

[Semosuchi Tesongrato]

I frankly would not trust too much of what the "experts" write in the newspapers.
And anyway, in the absence of global regulation, what the individual states do has very little value.
Perhaps, if there is a guarantee of a state, there may be a little more reliability, but in the end this may be a blockage.

[hummer113]

Very interesting news, but I think that all investors will have to pass KYC. Positive trend.

[udidrone]

It is good news, but scam ICOs is not a main problem for this business. Because now people know which project that is scam or not. One thing to be solved i think is about devs who not develop their project after ICO success.

[Brunusmagnus]

I do not think it will help much. As in other situations, when control authorities begin to form, the only effect is the multiplication of bureaucracy and complications that prevent working to honest people, while the fraudsters - who are always a step ahead of the bureaucrats - continue to act undisturbed . I do not like it.

[Andrej Peiboski]

I do not think it will help much. As in other situations, when control authorities begin to form, the only effect is the multiplication of bureaucracy and complications that prevent working to honest people, while the fraudsters - who are always a step ahead of the bureaucrats - continue to act undisturbed . I do not like it.

I totally agree. In every field, regulations and obligations multiply, driving honest people crazy and putting them at the mercy of bureaucrats, while criminals continue to do what they want.

[Endikadija]

In France, it has long been stated that they want to streamline the ICO process. Judging by the information, these will be good rules that will identify the ICO team and protect the rights of investors. This is very good information. Such rules can serve as a basis for the development of similar norms by other countries. The process of regulating ICO after this should go faster.

Can you tell me how much icos that based in France? This will not reduce the scam ico consider about so many icos are coming from outside UE. It will not give any impact and just those developers are interesting to held ico in France will be facing the regulators and complete all of the requirements before their company can go public to raise the funds.

[Parodium]

France is still just a relatively small country, it will take one of the superpower countries to have a major effect on the way ICOs are handled. In any case, I think the community is starting to wise up to the truth about scam ICOs, so I imagine they are beginning to find it much more difficult to grab and dash than it was when the practice first began.

[Primaryio]

It is logical and inevitable that ICOs must be regulated in one way or another. Especially to protect investors on one hand and create a sound foundation for this sort of fundraising on the other. This will sort out the bad apples from the good ones and will pave a better way for the whole crypto currency market going forward. But banning them completely would be a bad thing.

[Troysen]

I think this was what was necessary for this cryptospace, although the less the government puts its hand in the cryptos the better, I think the ICOs situation was getting a little out of hand, a lot of scams were driving away potential investors and that impacted us all, you can see that clearly in the ETH price, so I think those regulations can give us a better mass adoption

[blackhawkeye1912]

Put ICO's in regulation I think is the best way to eradicate scam ICO's, but not failed ICO's. At least this move will bring back the trust in ICO's. There is a lot of great ICO's that didn't make the soft cap simply because of these scam ICO's . Great ICO's were dragged down by scam ICO's. Investors are leaving the ICO's to avoid scam.

[coinluisa]

Here is an except of an article published on coinness. It narrates the French government approval of draft to regulate ICOs

"France Finalizes New ICO Framework to 'Attract Innovators Globally']France's Minister for the Economy and Finance has announced on Twitter that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO).

Bruno Le Maire stated that the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give licenses to companies that want to raise funds via an ICO, with the legislation aiming to help protect contributors' interests."

Is this a good bye to scam ICOs from France?

Well if this true this a great news for every ico and to people who always invest in ICO. However I think many things too will need to be consider too but it's more fun if there's no scam ico in crypto world it will more investor will attract to crypto.

[jackflag]

I think that IKO should be regulated, too much scum, too many bad projects, we need some kind of regulators that can screen out at least scammers. It is necessary that people understand that crypto-currencies are safe. Then they will have a desire to interact with it.

[xuan87]

This is great, it will help the investors to feel ease when they want to invest, by preventing scam ICO we can have a better reputation for ICO, but this need to implemented globally,if only one country that adopt this,then it won't be too effective,but this is a good start for all of us

[gredisgold88]

Here is an except of an article published on coinness. It narrates the French government approval of draft to regulate ICOs

"France Finalizes New ICO Framework to 'Attract Innovators Globally']France's Minister for the Economy and Finance has announced on Twitter that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO).

Bruno Le Maire stated that the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give licenses to companies that want to raise funds via an ICO, with the legislation aiming to help protect contributors' interests."

Is this a good bye to scam ICOs from France?

I have always wanted ICO to be regulated legally by the government, finally it will be realized and fake ico will disappear from this world.

[alan2here]

Here is an except of an article published on coinness. It narrates the French government approval of draft to regulate ICOs

"France Finalizes New ICO Framework to 'Attract Innovators Globally']France's Minister for the Economy and Finance has announced on Twitter that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO).

Bruno Le Maire stated that the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give licenses to companies that want to raise funds via an ICO, with the legislation aiming to help protect contributors' interests."

Is this a good bye to scam ICOs from France?

It is difficult to identify a good ICO project as each ICO project is becoming more professional and can deceive your senses. The best advice is to just invest in ICO projects when the market really enters the uptrend period as this is the time when people make the best profit.

[Onah]

It is good but partially.
They can control ICOs that are fake but they can't control ICOs that fail.
In other words, investors may get into troubles investing in ICOs that fail after their launch. This would make the entire investment become a disaster again.

[ranggenga]

When that regulation applied in every country, that will be the end of any scam ICO, it will make anyone who tried to make any scam project will have to think twice.
And it could build the trust from people to new ICO.

[anisoptera]

I hope other countries will follow France in ICOs regulation field soon. It will be a big step into making the crypto world more safer for everyone and will bring back huge amount of investors trust into crypto.