[2018-09-13]United Arab Emirates Considers ICO Regulation and the Nature of a To

[Vladdirescu87]

The UAE government has taken a significant step in understanding the general principles on which the fintech is based. Last Sunday, the UAE Securities and Commodities Authority (SCA) officially agreed to regulate ICOs and recognize tokens as securities for the welfare of the nation.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/united-arab-emirates-considers-ico-regulation-and-nature-of-token/

[rodskee]

This good news from the ico investors and good decision from UAE government
I think in that way regulate icos project to avoiding project scammers and token will be usefull after the launch of project

[Bitcoinsummoner]

The welfare of the nation and protection of its people = regulation /smash my head with disagreement/

Half truth and half lies are most common on our government policies. /counting money on the right hands/

[hugeblack]

I do not know why this news has been re-published. The date of publication is 7/21/2018[1].
The welfare of the nation and others are common terms here but the goal is to tax it as well as reduce scams especially with monthly  cryptocurrencies.
Also, the UAE will be a beacon of trading platforms if approved globally.


[1] https://www.sca.gov.ae/english/news/pages/articles/2018/2018-7-21.aspx

[1Referee]

I think in that way regulate icos project to avoiding project scammers and token will be usefull after the launch of project

While you are happy with more regulations, others are seeing it as yet another step towards total control of the crypto ecosystem by government bodies. The worst thing is that people swallow it as if they are slaves of their government, which is crazy. This behavior in the last decades has lead to a government that more than ever wants to control every one of us.

Regulations to a certain degree combat scammers, but the price we pay for having less scammers isn't worth it. If people for once just refrain from investing in schemes and other roots of that sort, the number of scammers will reduce organically without the government even playing a role in this process.

I do not know why this news has been re-published. The date of publication is 7/21/2018[1].

It's called news flow control. News outlets publish articles during times they think it may affect the market sentiment, even if the news they publish isn't exactly news anymore.

It's not a surprise that now Ethereum has recovered a bit some form of good ICO news pops up attempting to boost people's confidence. These are the same news outlets that trashed Ethereum during the last few weeks on the way down.

[BitHodler]

Regulations to a certain degree combat scammers, but the price we pay for having less scammers isn't worth it. If people for once just refrain from investing in schemes and other roots of that sort, the number of scammers will reduce organically without the government even playing a role in this process.

Can't agree more. The underlying problem of why we're dealing with so many scams isn't related to scammers, but people themselves, and then mainly those who are responsible for creating that demand.

We went from people not knowing what scams were, to people understanding what scams are, but no longer care about it as long as they see an opportunity to outlast obvious investment schemes.

All this is doing is making crypto look bad where smaller parties can no longer advertise on the mainstream social media platforms. Scammers however found a way to bypass Google's restrictions and still advertise garbage.

It's ridiculous. It's one of the negative side effects of mainstream adoption.