Should ICOs be regulated

[5thFear]

There are 2 kind of issues with cryptocurrency.
1. If not regulated then alot of scammers run away with the money of people.
2. If they are regulated then the govt runs away with the money of people by putting taxes and other stuff.

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[timmmers]

Many people have problem to pass the KYC progress. I can´t imagine that these investors will follow another required steps to get ICO tokens  .

[Rabbot]

Many people have problem to pass the KYC progress. I can´t imagine that these investors will follow another required steps to get ICO tokens  .

It seems they think that SEC will remove all scams and let them simply invest in randomly selected projects making a profit everywhere.

[dipeco]

I am strongly against the regulation, but we need to find the way of how to eliminate scam projects from our market. It is going to be a pretty hard decision, but we need to create a group that would check these projects.

[andrei56]

Absolutely not, regulation is harmful and does not affect scam. Scammers will find a way to bypass the regulation and we will just get extra difficulties.
We dont need no regulation.

Lol when you must have passed the verification before try to issuing your ico and you must do that. Do you wanna get jailed by the police. So many scammers have already arrested and a few people that created bitconnect already arrested into the jail.

Verification will stop scammers? Are you serious?

People really believe that even if some measures like KYC have shown that you cannot stop scammers and instead you are giving them even more tools, icos are now asking for that information and since many of them are scams not only they get your money they also get your personal information that they can sell in the black markets and there is nothing you can do to stop them.

[adekogbe]

Initial coin offerings should be 100% regulated and this should not be negotiable because there are too many commercial activities going on and so many projects are just raising funds using this method because they know there is no real oversight into the fundraising process so it is easy for projects to make away with investors money .
 Regulations on the other hand will bring about better project better investor product protection and better development of blockchain

[marks1976]

Absolutely not, regulation is harmful and does not affect scam. Scammers will find a way to bypass the regulation and we will just get extra difficulties.
We dont need no regulation.

Lol when you must have passed the verification before try to issuing your ico and you must do that. Do you wanna get jailed by the police. So many scammers have already arrested and a few people that created bitconnect already arrested into the jail.

Verification will stop scammers? Are you serious?

People really believe that even if some measures like KYC have shown that you cannot stop scammers and instead you are giving them even more tools, icos are now asking for that information and since many of them are scams not only they get your money they also get your personal information that they can sell in the black markets and there is nothing you can do to stop them.

But remember the audir from the trusted 3rd party can be considered as a reliable way to avoid or prevent the scam ico. Look at binance how thousand of people are beliving in it because they can be trusted to verify the ico.

[Kasabus]

Initial coin offerings should be 100% regulated and this should not be negotiable because there are too many commercial activities going on and so many projects are just raising funds using this method because they know there is no real oversight into the fundraising process so it is easy for projects to make away with investors money .
 Regulations on the other hand will bring about better project better investor product protection and better development of blockchain

I agree, but we are still in the early stage, regulation has not come yet.
Hopefully there will be regulation soon, the market is dump a lot because of the ICOs reputation also, a lot of investors coming in but getting
out scammed, these things should be avoided and only regulation will be the answer for this since the government will certainly
go after against the scammers.

[harapan]

it seems like it's really needed right now, fraud that takes the name ico must be ended immediately, everyone is fed up. let's build this community to be clean there is no dirt in it. if anyone wants to establish an ICO overseeing body I am the first person to approve it.

[iqlimasyadiqa]

Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.

I suppose a regulatory body be set up to audit the ICO process and the  founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?

The same as what you think, in my opinion that the supervisory body will be a differentiator that can make a big change for the development of the ico project. with the existence of a supervisory body, every ico project that has the potential to end a scam will be stopped immediately during the registration process. this becomes a positive point so that the level of investor confidence will increase.

[Rabbot]

Absolutely not, regulation is harmful and does not affect scam. Scammers will find a way to bypass the regulation and we will just get extra difficulties.
We dont need no regulation.

Lol when you must have passed the verification before try to issuing your ico and you must do that. Do you wanna get jailed by the police. So many scammers have already arrested and a few people that created bitconnect already arrested into the jail.

Verification will stop scammers? Are you serious?

People really believe that even if some measures like KYC have shown that you cannot stop scammers and instead you are giving them even more tools, icos are now asking for that information and since many of them are scams not only they get your money they also get your personal information that they can sell in the black markets and there is nothing you can do to stop them.

But remember the audir from the trusted 3rd party can be considered as a reliable way to avoid or prevent the scam ico. Look at binance how thousand of people are beliving in it because they can be trusted to verify the ico.

Yes, a trusted third-party audit is a good idea, but it should be voluntary.
Meanwhile, Centra managed to get on Binance.

[Aligab166]

Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.

I suppose a regulatory body be set up to audit the ICO process and the  founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?

We have recorded too many scams in ICOs within the last 12 months which is why I would prefer we regulate ICOs so that not every dick and harry will just come and put up a token project without reasonable plan or fund for it.

[Viscore]

Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.

I suppose a regulatory body be set up to audit the ICO process and the  founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?

We have recorded too many scams in ICOs within the last 12 months which is why I would prefer we regulate ICOs so that not every dick and harry will just come and put up a token project without reasonable plan or fund for it.

Before we don't want it, now that we see the effect, we want it to be regulated.
Actually the scams cannot be minimize if there will be no punishment, with proper regulation, we can address this problem
and we will revive the reputation of ICO which is one of the factors that could help the market to grow again.

[Pom_bensin]

Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.

I suppose a regulatory body be set up to audit the ICO process and the  founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?

I really appreciate your statement, the special body that regulates ico must be formed immediately. this is useful for the detrimental fraudsters destroyed from the world of ICO and cryptocurrency. now what causes a lot of investors to leave is because ico scam and cheat. this is obviously very bad for crypto and crypto to be affected by it.

[belingbanged]

Yes, this is a very good idea and an audit body must be formed. All ICO projects are audited so that fake projects are known. And that way investors will also be protected from fraud projects. But this is a job that is not easy but must be realized for crypto progress.

[andrey755]

The further, the less likely that the ICO will fully exist, this sphere has driven itself into such a trap that it can not get out of it, most likely there will be no future

[SixFigures]

Absolutely not, regulation is harmful and does not affect scam. Scammers will find a way to bypass the regulation and we will just get extra difficulties.
We dont need no regulation.

Without any regulation whatsoever this is going to end badly. You do need some regulation. Sure scammers will keep scamming, but that will be the case forever.

[RockDJ]

Absolutely not, regulation is harmful and does not affect scam. Scammers will find a way to bypass the regulation and we will just get extra difficulties.
We dont need no regulation.

Without any regulation whatsoever this is going to end badly. You do need some regulation. Sure scammers will keep scamming, but that will be the case forever.

And so the ICO is dying and in 2019 I believe more ICOs will fail. ICO is just a scam and they will do everything differently to overcome the rules if there are any rules

[Gargo]

Absolutely not, regulation is harmful and does not affect scam. Scammers will find a way to bypass the regulation and we will just get extra difficulties.
We dont need no regulation.

Without any regulation whatsoever this is going to end badly. You do need some regulation. Sure scammers will keep scamming, but that will be the case forever.

I also think that ICO needs regulation. Maybe this regulations will not help in fundraising, but they will certainly help to punish scammers.

[Chinocshyp]

In my opinion, yes. Many icos now are a scam. they raise money, then run away with your money. Regulation of ICOs will reduce the rates of scam. I believe that regulatory authorities are working on this.