Should ICOs be regulated

[Vaniaayu]

Who is the regulator body, because I see that there is no one being the regulator body here, then what will be made compensation, if the official regulatory body is formed

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[clololck]

ICO regulation has become an important way. If ICO continues to evolve as it does now, ICO may disappear. This will not increase ICO investors. Now investors are tired of fraud, and only proper supervision can restore the price of Ethereum.

[martabaktelor]

The agency assigned to audit the ICO project is a very good idea. However, how to form a body responsible for examining ICO projects. This is a very good step because it will reduce fraud projects. And there will be more projects that will be successful.

[Endikadija]

The agency assigned to audit the ICO project is a very good idea. However, how to form a body responsible for examining ICO projects. This is a very good step because it will reduce fraud projects. And there will be more projects that will be successful.

It's so easy to make them all registered on the regulators but the problem is when the rules can't be applied in another country because they have their own right to determine ico as an important thing need to be audited or not. KYC for the developers should more than enough to prevent the scam ico.

[batang_bitcoin]

KYC for the developers should more than enough to prevent the scam ico.

I like the idea of verifying the developers first by requiring them KYC.

This gives confidence to the investors so everyone can check their backgrounds if they have been part of a shady project before. There should be a united law for ICOs worldwide for this one so investors can be protected and knows on who are the people that you can chase if they scam.

[arpon11]

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?

Ico and projects in cryptocurrencies should be regulated.  I have lose some money investing into some scam projects this year and last year.  I have also stopped investing into icos and even bounty as 70% of them are scam and fake. 
Regulations and monitoring is the best way to go if we must succeed in ico and our investments must yield profits.  Moreso, we might need insurance also that can refund investors find in case of hackers and others vice in cryptocurrencies investments.  For those that are enthusiast it is good we push for icos regulations and monitoring in other to bring more investors into the market.

[sumanto]

it seems that cryptocurrency, including ICO, does not need to be regulated because all cryptocurrency should not be controlled by anyone, but there are some countries that provide and implement regulations regarding the use of ICO.

[Iykecollinz]

That is the best thing that could happen to the cryptoworld, the proliferation scam and shitty projects gives reasons why regulation should be the best way to protect investors and bring confidence again to ICO market. Currently investors have lost confidence in participating in ICO's and bringing in regulation will revive the investors interest again

[elcoblast]

You answered your question yourself, its for the protection from scammers.

The nature of cryptocurrency however being p2p is decentralized which is going to be making it difficult, they can control the company/team that will be doing ICO but the currency itself may not be controlled due to volatility just as how BTC or ETH is.

ico Regulation is needed for developer when they want launch ico project, and they're needed some POD to verifying them in ico

[vendy86]

I really hope someday ICO will be regulated just like IPO. If ICO gets regulated, that's mean investors get more confident to invest because they know they get protected by government or finance institution. And it's also to avoid scam project. And from what I read, Singapore wanna to regulated ICO. I hope it's true.

[beeelzebub]

Yes they should!

I mean look at last year, icos raised billions of dollars and do we have a just one good product?

No, nothing! I was a supporter of unregulated market but greedy scamy icos, changed my mind.

[kutangterbang]

I strongly agree, investors should be protected, because without the crypto investor not going to live, investor trust in crypto must continue to be maintained, where when the system can be used, it looks like investors will feel happy and relieved, not afraid of being exposed to fraud again

[Nowherman]

I think the usual old proven methods to regulate the crypto industry will not succeed. Here, the best solution would be the implementation of a new token standard specifically designed for providing  tokensales and ICOs. As far as I know, the Ethereum developers are already working on them.

[memecoin]

Of course, I know that many people do not want to hear about regulations, but this free market is more and more dangerous for investors, more and more scams are created to get quick money. Is that right?

Yes, and not just stop there, many ICO projects are now phishing, which is reported to be more than 70% and probably more in the future, which is dangerous. This is something I do not expect to happen, but it may or may not reflect the ICO rules and plans .

[tytanhamon04]

In Japan, at the moment, the rules for ICO are toughening. Now each project will need to be registered and it will be official and legal.

[Spaffin]

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 risk of failure during an ICO for their teams will always be, and no one is responsible for the risk in business. I mean, if the ICO teams do not collect the minimum funds, then just like now, they will simply return the money received from them to investors, and the bounty hunters will again not receive reimbursement for their work. Although there may be cases when ICO teams may require that certain amounts be deposited in the bank before holding an ICO and they can be used to pay for bounty hunters, even if the ICO project is unsuccessful. This will depend on the specific laws in each state. If the ICO teams cheat, then in this case they will have to bear responsibility - both material and criminal.

[Olatunjex]

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?

At least the rate of scam will reduce when there is a process to audit ico team/founders, i agree with your recommendations, it will return the trust of investors as well.

[bittick]

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?

At least the rate of scam will reduce when there is a process to audit ico team/founders, i agree with your recommendations, it will return the trust of investors as well.

There's ICO platform that do such thing aswell providing their platform to regulate another ICO that want to held an ICO through that website, things works the same way but people are still investing directly into the ICO anyway, people are just too wild to be told to take the safest way.

[nlaara12]

In my opinion, ICO should be regulated to protect the investors and also protect crypto sphere from been destroyed by scammers.regulating ICO will help ICO a lot.

[beehimneff]

I also think in the future, as the popularity of blockchain technologies increases, security from scammers will increase. And it will be safer to invest in ICO.