ICOs now regulated, expect better ICOs, less Scams

[jrrsparkles]

It is not going to make ay difference in the restricting scam ICOs maybe it will resul that fracne can stop their citizen from participating on ICOs which can save them form being scammed but there is no other way to find the scam and legit ICOs the scammers will come up with new ideas and keep scamming the people.

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[longergou]

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 think standardizing ICO is a good thing, at least it can help ICO promote and promote it, it can effectively reduce ICO scams. However, government departments need to conduct appropriate supervision to avoid corruption, which requires the formulation of relevant laws and regulations.

[bitcoinvestor]

Who will regulate ICOs. SHould be an independence intitution with independence platform. Jury.online is going to make the platform. Jury.online as the escrow service for host ICO , bounty and investors. The platform now is live. I think ICO that list in jury.online is legit ICO. You can also use bankex bounty. It is also legit site and trusted site to participate in ICO and bounty.

[otunyot]

I think this is a good development and we should expect less scam ICO at least from France and Europe.  The bureaucratic process is of concern but the commitment of French Government is a good start!

[Flor1982]

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 this is a good move by the France government to ensure their people that their hard earned money will not be stolen as scam ICOs are now rampant these days.The good thing for France is that they regulate Crypto and ICOs with less Bitcoin tax policies in which for sure many Frenchmen will still join the investments.

[drmasa]

When some country make 100% legal ICOs, there will be many companies that change their address there. When they obligate whole team to deliver their personal data and vouch with their own assets on delivering the project, and not with investors money, we will be in much better position! I wonder is it possible to someone create "clean" ICO where would participate China and US citizens without any restrictions?

[dewildance]

Some countries (primarily the US) did work on this issue. Already a legal regulation and supervision is a must. This is a condition for every deposit. I hope it's helpful.

[frowsiter]

That would be limited to France but tell you what one nation cant do much about it if others dont join it. Lets not forget the most basic rule of the crypto space which is truly "Decentralised" and thus it means it cant be regulated the way they want. ICO may be from different country and thus if anytime that goes scam then the France wont be able to do anything at all as it wont be under their jursidiction and secondly being the decentralised one no one would ever no who was truly behind it. It should be the whole world accepting the same terms of regulating the crypto currencies then only we can see some hopes of not getting scammed at all. Even people scam others with the fiat currency and thats no wonder at all.

[Ochakemaput]

Some countries (primarily the US) did work on this issue. Already a legal regulation and supervision is a must. This is a condition for every deposit. I hope it's helpful.

the rules against an ico project surely will give a nice impact. may indeed be fewer ico that there will be, but existing ico has a good quality. not like now, we can all see, ico appear almost every day, but unfortunately there is always a scam between them. the existence of rules governing project ico, it would be better for the future of the ico and investors were not too scared to return invest ico.

[Marsyam]

I see that the ICO still just keep moving. I still frequently find a project that is a scam. before this only had time to get some times project scam. very disappointing and very unfortunate.

[electronicash]

its a good thing that other countries are also doing what has to be done to protect investors, i think Singapore had done this already.  
but this might just slow the process though, we've seen SelfPay later doing an ICO but i think there were things to fix in their government which again they postponed. same thing could happen to every ICO later on.

[manfredmann]

Thank goodness, the investors and bounty hunters as well will going to be merry on this news because the ICO projects will surely be legalize and will be registered on a concern agency i.e governments, or even the here in the forum could actually assemble a committee for the registration and validsting the ICO's. This is really a good news, however i doubt if this is really true. Please update this post and provide the article where you found this news.

[Brunus]

In theory, perhaps. In practice, as we have seen in all fields, regulations only serve to drive honest people crazy and keep them from working, while fraudsters continue to operate industurbati.
A central authority is certainly auspicious, but do not expect too much.

[solarion]

In theory, perhaps. In practice, as we have seen in all fields, regulations only serve to drive honest people crazy and keep them from working, while fraudsters continue to operate industurbati.
A central authority is certainly auspicious, but do not expect too much.

Regulations may effects in the upper edge but the downside nothing will be changed and at the same time people will be like to have the non-scam projects only but here there are many fraudsters available to cheat us.

All we can do is keep doing better research to understand what is the project is about, team legitimacy and white paper.

This will clarify you 80 percentage before you go to invest on any ICOs.

[Zdraste16]

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?

If the ICO is disguised, as from France, and they will have some fraudulent or suspicious actions.  In this case, in a short time, many people will learn, and simply will not take, projects from France.  But in this short time, they can deceive many people.  Yes, and KYC is becoming increasingly mandatory, which greatly outraged people working in the field of cryptocurrency.

[jt byte]

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 hear about ICO and cryptomarket regulations for 2 years and still there are no regulations, only some restrictions in some countries like the USA or China. But! We need regulations and more transparent market to get ETF approval.

[Priyank9871]

Your are right , its a big relief for all of ICO Investors, who love to invest in only ICO and dont like trading , many people scammed for unregulated ico.  i am really happy.

[Gypsy.Danger]

That is a good thing. It is a good news because previously the only beneficial for ico is the owner of the ico. And they didn't care for the investors. On this way the fake ico or the scam ico will not be part of the tokensale anymore. Thanks to the approval.

[gegewojinnian18]

The question is will the new rules concerning ICO's in France result in a cumbersome and expensive bureaucratic process that will kill of the few ICO's coming out of France? Given that they have handed the job to the stock market regulator it is quite likely that will be the result.

This is really a contradiction. Abuse of ICO will only damage the cryptocurrency market, but ICO's regulation of cryptocurrencies violates the principle. I think the proper regulation of ICO is beneficial. If the ICO in the world is very good, then the price of cryptocurrency must be very expensive, and now the cryptocurrency downturn is closely related to ICO abuse.

[bagikoin]

whether true or not but if it is realized it will be the one step want for France. investors need the ICO that clean and safe from scam so that they will be safe in making the investment. at least this can be a good solution if it will happen this kind of policy.