DO WE NEED TO REGULATE ICOs?

[alrose]

I believe that you need to take some action to combat fraudsters. And regulation can be used as one of such methods. However, everything must be clearly thought out, and most importantly used in real conditions.

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[Akpuv]

Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.

I also say yes. The time has come for us to have a regulating body for ICOs. The cryptocurrency ICO is gradually falling apart. It is no longer excited as it used to be. It is now coupled with so much frauds and scams.

[braves182]

The first thing to do is to introduce a rule of mandatory public verification of team members and advisors. And it would be nice if the funds collected during the ICO were held by the guarantor or guarantors and given in parts upon reaching the points of the roadmap.

[Chachacoin17]

I think the regulations is necessary for an ICO's because a lot of scammers. We must remember that the traditional law system and regulators are imperfect.

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Their are regulations that is being set it is because in bitcoin their are a lot of scammers nor even not true to their self. In ICO's it is very positive enough to comply what is in need and every project their will be result for positive too. For me it is in need to regulate the ICO for the good of everybody.

[Gabmot]

Need wouldn't have been for all these. However, wit the emergence of fraudulent ideal icos and all sorts, needs are arising on a daily basis for a regulatory scheme to put things under check and in order...

[Avenger907]

I think that regulation for ICO is necessary, but the most important thing is that the truth would allow young teams to do their projects. I am afraid that the regulation may kill promising projects.

[plr]

Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.

I don't know how that  concept of masternodes to run a decentralized ICO regulating body works but we really need to have one to eliminate these scam sites these rating sites are not helping us, in fact they are helping those frauds to collect money, because they themselves are also generating money from their false rating.

[seo-maestro]

We need to use Fabian Vogelsteller's proposal the "reversible ICO" or RICO, that would allow token investors to take back their funds at any stage in that project’s lifespan. This will protects ICO investors from the dump after the exchanges listing.

[kvipcn]

Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.

I definitely agree with you. Looking at the current trend with regards to ICOs, most of them have similar target and operations in mind with the aim of improving upon how a particular activity operates. This is one of the reason why people spreading negative speculations about the crypto space.

[Ellionise]

Of course, a lot of scams here with projects and something good is very difficult to find , I think you need to very much inspect and regulate the ico, so that beginners do not fall for the tricks of scammers

[valek.bruno]

The only situation that can really lead you and your interests to start all the same and be for the regulation of interests to continue, I think it would be better to start the process of regulation

[DeKingCrypto]

Sincerely speaking, with the way this are going I think regulations will be a better option for ICOs, that will reduce some level of scam and will build many trust back to the cryptocurrency business.

[valek.bruno]

Sincerely speaking, with the way this are going I think regulations will be a better option for ICOs, that will reduce some level of scam and will build many trust back to the cryptocurrency business.

The whole world of investors hopes for this, but unfortunately this risk and risks can really be justified only if you can really invest your money. This must be understood and taken into account.

[syarifbitcoinishack]

Sincerely speaking, with the way this are going I think regulations will be a better option for ICOs, that will reduce some level of scam and will build many trust back to the cryptocurrency business.

Although regulators can reduce the number of scam projects but there is no guarantee that investors will get profits after their tokens are listed on the exchange. So in my opinion, what we really need now is not only regulators but also investment insurance platform that can cover the losses of ICO investors.

[edmundo]

I have been an ardent supporter of the idea that the crypto industry needs an introduction of a top level regulatory body not just ICOs. These regulations must be implemented at all levels from a project conception, the roadmap and its product down to development. Enough of all the redundant and half baked projects loitering the entire crypto ecosystem. If a project doesn't fulfill set standards, it has to be shutdown.! Also, exchanges should put in place tougher listing conditions to ensure every Tom, Dick and Harry kinds of projects don't find their way to the exchanges. If regulation is put in place, it will to a greater extent cut down the enormous scams in this industry and put a stop to half the issues currently bedeviling the entire crypto space.

[magnat7691]

It looks like the ICO has reached a level where investors have completely lost interest in investing. It is possible that the regulation will not be needed in the coming months.

[enhu]

They are already regulating it, whether you say yes or not they will regulate ICO anyway.  I don't feel like they are actually regulated though. The only that is being different about these days is that participants are required to pass IDs for KYC even the bounty participants. I do think this is just the start, nowadays most projects are about exchanges which is worth regulating too.

[paulk11087]

I think that the existence of many icons should definitely be terminated with regulation. so many scam projects that they do not create anything other than pollution, frankly. I think it should be limited in some way with minor criteria.

[zerrtty]

Investors no longer want to invest in projects in an environment where their interests are not legally protected. This situation encourages the use of fraudulent schemes. Regulators will be able to create conditions under which projects will be checked before the start of their ICO. Perhaps even from the projects will require some kind of guarantee.

[irenegaming]

I believe that if we want the ICOs to be mainstream, we have to see the regulations as something necessary, many people move away from this field of investment because of the insecurity they have entering this field, not only is it necessary to fight against volatility also against the fraudsters, maybe it's too much.