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Author Topic: DO WE NEED TO REGULATE ICOs?  (Read 24778 times)
Bobby park
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December 15, 2018, 10:52:02 PM
 #121

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.
Yes we need them to be regulated. All of ICO around us seem to be a scam project and no one right now will hessitate to invest because they know that it is a trash for their portfolio once it hit on exchange. Maybe, when SEC regulates all of the existing ICO, all of investors will return their enthussiasm to invest and buy coins in ICO.
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December 15, 2018, 10:53:37 PM
 #122

ICO is one type of crowdfunding, thus it must be regulated to give investors a full knowledge of what they're entering to. I even like the proposal that ICO team should be required to submit a copy of their passport to avoid scammers. This is just one of the many parts of regulating ICOs. The purpose of regulation is clear, to avoid scammers and weak projects.

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December 15, 2018, 10:55:49 PM
 #123

I think by regulating ICOs it will go a long way to ensure investors aren't investing in scam projects.  ICOs can be seen as the new face of crowdfunding thus there is need to nurture and groom it so as to serve the true purpose.
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December 15, 2018, 10:59:51 PM
 #124

ICO regulation might be the best thing to do to bring back the again the trust investors once given to ICOs. The importance of ICOs in this cryptocurrency space is huge. It plays a major role in producing great applications of the cryptocurrency. This is the reason why I want it to be regulated.
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December 15, 2018, 11:08:23 PM
 #125

This year, investor confidence inico declined due to various factors, the decline in eth and bitcoin prices was the main factor.
ICO products are not going well to be another factor. I think the ico regulation is needed to prevent ico scam.

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bartusv
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December 15, 2018, 11:20:52 PM
 #126

Regulations for ICOs are needed but I would not like it to be a centralized over regulated market.
Some kind of self regulations  would be preferable. Regulations are needed as many investors are
not confident to invest as too much scam ICOs are in the space.

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Korkorjkk
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December 15, 2018, 11:21:05 PM
 #127

I think there should be rules governing ICO's. It is high time,  the cheating and scamming ends,  people invest huge sums of money in ICOs and they end up being duped.  With regulations to punish wrong doers,  I think ICO's will become better.

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December 15, 2018, 11:46:42 PM
 #128

Regulations for ICOs are needed but I would not like it to be a centralized over regulated market.
Some kind of self regulations  would be preferable. Regulations are needed as many investors are
not confident to invest as too much scam ICOs are in the space.
The crypto will become centralized, we need regulate ico but remember this should be to create a big wall to protect the investors and it's not about give all of control over the icos to the institutional. we need self regulation and this sounds to be the best solution.

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December 16, 2018, 01:43:57 AM
 #129

Regulations for ICOs are needed but I would not like it to be a centralized over regulated market.
Some kind of self regulations  would be preferable. Regulations are needed as many investors are
not confident to invest as too much scam ICOs are in the space.
The crypto will become centralized, we need regulate ico but remember this should be to create a big wall to protect the investors and it's not about give all of control over the icos to the institutional. we need self regulation and this sounds to be the best solution.

I think regulatin ICO doesnt mean its make cryptocurrency centralized. Its just regulation to avoid from scam ICOs. 2018 is bad year for ICOs investor because many ICOs are scam and i think its give negative perspective for others people. I am believe regulation will eliminate scam ICOs and gain trust for investor
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December 16, 2018, 01:54:00 AM
 #130

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.

And Also, there is an increasing number of failing ICOS and considered to be SCAM ICOS, we need regulations that will surely inspect and test the ICO first before it will be on the market so many will benefit to it.
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December 16, 2018, 04:52:51 AM
 #131

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.
Any self-regulation of ICO projects will not have the desired effect. Fraudsters will always ignore any established rules. Therefore, there is only one way out of this situation - government regulation of ICO activities. Of course, such regulation should not be complete, but it is necessary and possible to establish a specific procedure for conducting an ICO in order to fully identify each member of the ICO team and create such conditions to protect the rights of investors and other ICO campaigners. Very good and can be too tough with respect to the ICO team prepared such rules in Russia. With their introduction, fraudsters will have virtually no chance of so massively deceiving investors. Similar rules are being prepared by Japan, France, Germany, Australia and I am sure that there are many other states. Therefore, the establishment of order in the activities of the ICO will be soon.
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December 16, 2018, 05:18:00 AM
 #132

This maybe an unpopular answer but I don't agree that ICO's need to be regulated. No one is forced to participate in ICO's. It is purely voluntary. You participate because you think you will make money. If you got scammed it is largely down to your greed overcoming your caution. You should have done a better job checking out the project you invested in. The best thing about ICO's is that anyone with a good idea can easily connect with people that might want to invest in it. I would not want regulations getting in the way of that. Let the market find solutions for better information to make investment decisions.

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December 16, 2018, 05:21:42 AM
 #133

If regulation of ICO would control the increasing fraud in the cryptospace then I think it will be worth trying. But I don't think that centralized regulations will be the best for this space. I think enforcement of decentralised autonomous organization model for all ICO projects will go a long way in checking fraud.
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December 16, 2018, 05:25:52 AM
 #134

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December 16, 2018, 05:33:40 AM
 #135

I think the ICO should be expelled from the market. STO should be trusted and used in many developing projects. It has many functions and rules to help preserve the investor's money. STO is a new solution for the crypto industry.

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December 16, 2018, 05:35:06 AM
 #136

Lack of regulation is one of the major problem facing ICOs ,imagine if regulation come in place its scammers goodbye entirely but lately I'm looking forward to STO rather than ICO ,I'm feeling it will be the better for the best so ICO might be extinct in the near future

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December 16, 2018, 05:41:41 AM
 #137

Of course need to regulate.
Every scam ico stole fund not only from investors, and also from crypto files in common.
This breaks developing

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December 16, 2018, 06:28:18 AM
 #138

I don't know if the government is willing to supervise the ICO. This is very beneficial to the cryptocurrency market. This is equivalent to the government's recognition of the cryptocurrency market. Perhaps Japan, South Korea will oversee ICO, and regulation can protect ICO investors.

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December 16, 2018, 06:31:09 AM
 #139

ICO reguire more than regulation as they are now security and not a decentralized token and only coin that didn't raise money through ICO are not security and can't be regulate but on the issue of rate of scam ICO and to prevent investor from always been scam , we need a very good and strict law to guide any ICO regard crypto in every region and countries that such ICO will come out from .
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December 16, 2018, 06:33:47 AM
 #140

ICO requires clear regulations because they develop projects through funds collected from investors so that there must be clear regulations so that the ICO does not carry away the money of investors.

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