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Author Topic: DO WE NEED TO REGULATE ICOs?  (Read 24704 times)
andrei56
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January 17, 2019, 10:22:35 PM
 #301

Now many ICO fails and there are also many ICO frauds. And this is done by those who just want to profit without doing anything. So this ICO really needs to be regulated, so that all negative things can certainly be lost.
Regulations would not be needed if people just used their common sense, many of them invest in projects they do not really understand and that is a huge mistake, so when the project fails they begin to wonder what went wrong when the decision to invest at all in the project was a mistake, so as long as you use your head the chances you will be scammed and you will need the protection of regulators will be low.
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vgk88
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January 17, 2019, 10:46:12 PM
 #302

I think that ICO is going through difficult times. If regulators regulate this sphere, then this may attract investors who do not want to invest because they consider themselves unprotected.
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January 17, 2019, 10:49:26 PM
 #303

If we can accept the risk, then we do not need regulations. Regulations are here only to protect investors before scams.
Therefore we need regulations, since a lot of ICO are just scam. Yes, we are ready for the risk but being regulated will lessen that risk and that will benefit all of us including the market. Well, its too hard to regulate the ICO since this is cryptoworld but hopefully in the future we can see more good project.
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January 17, 2019, 10:55:29 PM
 #304

Let's wait for another year, because there might be any new features in ICOs regulation. At the moment those aren't regulated yet and it is so sad to know that.
By the way I am sure that after a certain period of time there will be regulation)
andrei56
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February 01, 2019, 10:16:21 PM
 #305

Let's wait for another year, because there might be any new features in ICOs regulation. At the moment those aren't regulated yet and it is so sad to know that.
By the way I am sure that after a certain period of time there will be regulation)
Some countries have already implemented regulations against icos while some other countries decided that everything was a scam and forbid their citizens to participate in them, it is not something I support but with the huge amount of scams and the refusal of people to do the minimum necessary to protect themselves from scammers I do not see how to change the situation without regulations.
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February 01, 2019, 10:44:18 PM
 #306

Come on! Guys, regulation will get you nowhere , I invest in crypto,because there is no regulation in other case you will never ever earn a lot of funds.
In US you would be imprisoned making manipulations on stocks
Starfranko
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February 01, 2019, 10:50:24 PM
 #307

Without regulation the ecosystem will be susceptible to scammers .I think done degree of regulation will be necessary in order to bring in more players.
Cherylstar86
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February 01, 2019, 11:07:43 PM
 #308

Let's wait for another year, because there might be any new features in ICOs regulation. At the moment those aren't regulated yet and it is so sad to know that.
By the way I am sure that after a certain period of time there will be regulation)
Some countries have already implemented regulations against icos while some other countries decided that everything was a scam and forbid their citizens to participate in them, it is not something I support but with the huge amount of scams and the refusal of people to do the minimum necessary to protect themselves from scammers I do not see how to change the situation without regulations.

Regulations will help detect scammers, specially when there's a tight scrutinization regarding ICO's project platform implementation. Definitely more people will again develop trust on each project which is under that regulation, and also preventing ghost projects that victimized people from investing with non sense worthless ICO's. More security will be implemented towards more secure assets.
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February 02, 2019, 06:08:06 AM
 #309

All possible regulation of cryptocurrency can lead us to big problems, because the time will come to verify people. Therefore, cryptocurrencies can really be a reserve sector where finances can be independent of external forces.
The regulation of ICO activities may vary. We are regulated by regulation so that it does not concern the expediency of holding an ICO, identified the ICO team itself and checked it,  accompanied the technical side of fundraising and ensured the rights of investors and other participants in the ICO campaign. It does not make sense for them to check the buyers of new tokens, this is not the job of regulating the activities of ICO.
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February 02, 2019, 06:16:41 AM
 #310

Yes, ICO's are the most used for funding projects that needed for development and also needed transparency so where will the funds go. Since 2018, there are so many scam ICO's running and even today, founders & staffs needed a very strong KYC procedures and their works so we can able to track if they doing their promises about their projects. It's very hard to trust any ICO's with anonymous team and no transparencies because we don't know what they will do to the funds of investors invests, high risk of a fake project.

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February 02, 2019, 06:19:46 AM
 #311

I think yes with a lot of scam projects around. Also, they ask funding for a project that we don't know if it's legit or not.
Augustyusuf
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February 02, 2019, 06:25:48 AM
 #312

of course it need, because it can greatly help to eliminated the scam and fake one ico, who nwant to cheated us.

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February 02, 2019, 06:54:19 AM
 #313

I support op point and it is good that icos market should be regulated and we should be able to see reduction in scam and fake projects . Like op has said, most of the projects are duplicated and developer open those projects in other to raise funds through icos market.
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February 02, 2019, 07:09:03 AM
 #314

Regulating ICOs (not already established Cryptocurrencies) has always been my position. I am of the opinion that it will help restore sanity to the crypto space and keep scammers at bar. When this is done it will instill confidence in investors like we have in forex trading and the market cap will soar once again like we had in 2017.

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itasannah
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February 02, 2019, 07:29:49 AM
 #315

I think there really needs to be someone who regulates Crypto because until now there have been many fake ICOs. And if there are regulations, it will certainly be very helpful, so that all ICOs are truly real. And the supervisory body I think must also be there to oversee all ICO.
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February 02, 2019, 08:08:00 AM
 #316

CENTRALIZED REGULATING BODY! That is the one that I am waiting to read upon reading your post.

Some will say, Blockchain is decentralized, why we should create a centralized regulating body. We are now in a point that we should protect the one that we have established and we need to regulate the ICO if we want to last for years. The protection of the people doing bounty is the main key and we can do that by simply identifying the real existence and identity of the project team.
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February 02, 2019, 08:47:52 AM
 #317

CENTRALIZED REGULATING BODY! That is the one that I am waiting to read upon reading your post.

Some will say, Blockchain is decentralized, why we should create a centralized regulating body. We are now in a point that we should protect the one that we have established and we need to regulate the ICO if we want to last for years. The protection of the people doing bounty is the main key and we can do that by simply identifying the real existence and identity of the project team.
If there will be really a regulating body for ICO , then it will be good for cryptocurrency, so that it may help minimized or eliminate this scam ICOs which may victims the customers and investors from investing in their scam ICO,  the regulation of ICOs is really necessary for the organization.

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BennyK
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February 02, 2019, 08:53:33 AM
 #318

ICOs need to be regulated. Because ICOs are good source of generating funds for a project, many people take advantage of that to prepare fake projects just to amass wealth for themselves - the reason for the so many scam projects. Regulations will check and curb all the fake projects that enter the market. It is only through regulations that the true identity and expertise or experience level of the team behind the project can be ascertained.

KingScorpio
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February 02, 2019, 09:00:35 AM
 #319

who is we?

actually the bitcoin founders already regulate ICOs with their corruption index and that bad enough

Pline
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February 02, 2019, 09:33:31 AM
 #320

Regulation is tricky thing, you know. People are waiting for regulation, but it looks like they aren't ready for changes.
From my point of view regulation isn't required to be and it is like bad event for all crypto enthusiasts
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