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Author Topic: Should ICOs be regulated  (Read 24160 times)
Runbitup
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January 19, 2019, 04:21:07 PM
 #321

in my opinion it is necessary because given the huge number of ICOs that failed last year. because if this continues to be left then the investor will sooner or later disappear.
there must be strict rules for making ICO so that it can filter fraudulent ICOs.
ronwewee
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January 19, 2019, 06:24:04 PM
 #322

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?

No not need, good ICO's do stand out in the market even that there's no regulation. Good ICO has responsible team that can handle the situation even the reputation of ICOs are decreasing.
ceetoo224
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January 19, 2019, 06:32:53 PM
 #323

To say, almost all of the platforms that utilized money transactions should be well regulated, yes it is decentralized but it needs to kinda support it in some secure way to avoid frauds and scams. ICO's involves huge investors that needs to be protected.
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January 19, 2019, 06:39:53 PM
 #324

   I agree with Dhiraj0077, who will regulate ICO`s and how? Except people nobody can regulate it, I mean community
itself. Not everyone should be allowed to create ICO`s, some supervisors should exist to monitor what`s happening
and when someone gives them a signal they should be able to check entire team and project.
   

In the case of regulation, no one should check anything by a signal, everything should be checked in advance, the project team must sign the relevant papers that oblige them to fulfill certain obligations, otherwise they will face severe punishment.

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jan.nicolas
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January 19, 2019, 07:00:22 PM
 #325

There are a huge number of different reasons why all the same cryptocurrencies should not be regulated, or vice versa should be adjustable, because today they are still cryptocurrencies and they should have anonymity, no matter what level it is.
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January 19, 2019, 07:10:11 PM
 #326

The ICOs experienced a lot of turbulence in 2018 and as such, I think the time is ripe for us to start regulating them so as to sustain the process.

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January 19, 2019, 07:17:25 PM
 #327

Basically, it's all in our hands. ICO is nothing but the idea of ​​someone who needs money to realize their plan. It all depends on whether we believe and trust that person. It should be more important to educate people how risky is this kind of investment, than regulate the market.
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January 19, 2019, 07:27:40 PM
 #328

I do not think it will be regulated.  Who will regulate ICOs, nobody control cryptocurrency, so who will control ICOs, who will put restrictions, that's why scams rates are increases in ICOs.

ICO projects must register as a company. The regulations which are relative to the ICO depend on the country in which the project is registered. The scammers, of course, give false information, or choose such places where there is no regulation. It is important, when we check the ICO to look very well in which country it is registered and check that the country has the appropriate regulations. Without it, our money will not be able to recover.

   I agree with Dhiraj0077, who will regulate ICO`s and how? Except people nobody can regulate it, I mean community
itself. Not everyone should be allowed to create ICO`s, some supervisors should exist to monitor what`s happening
and when someone gives them a signal they should be able to check entire team and project.
   

You probably have not read what I wrote. For ICO to exist, it must be registered as a legitimate company. Whether or not you check credibility of ICO before investing it is only your decission (same as buying car for example and checking his technical condition - you can do it or buy it without checking). It is all about that company created on the base of ICO must have different regulations to protect investors. This regulations need to be established by governement. For investors should be important only that, where ICO is registered and what regulations are in that coutry. It for sure will be enough. But regulations in each country for sure should be made.

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January 19, 2019, 07:31:50 PM
 #329

I've been seeing threads related to ICO regulation. In my own opinion, I think regulations are already coming through gradually. It's necessary to an extent to protect the populace, considering the level of scam ICOs flying around. Who would have believed Elysia with the hype is a scam? That's just an instance.
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January 19, 2019, 08:09:43 PM
 #330

Basically, it's all in our hands. ICO is nothing but the idea of ​​someone who needs money to realize their plan. It all depends on whether we believe and trust that person. It should be more important to educate people how risky is this kind of investment, than regulate the market.
No matter how much time and effort you spend on information, the desire to earn easy money will not stop anyone, especially when scammers are able to do projects in a beautiful wrapper

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January 19, 2019, 08:12:41 PM
 #331

I have been noticing reduction in such scam and scam projects. I think the KYC (know your Client) things have Aldo help in curtailment of scams. The only problem is that,the more we find escape root from them. The more the make their holes restlessly. But I know God will deliver us from there.we will also play our path as God helps us.
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January 19, 2019, 08:22:07 PM
 #332

I am not a friend of regulation, but in that case it would be fine.
Without regulation, the ico market will probably not survive much longer.
The scam ico must disappear, otherwise no one will soon invest in an ico.
Really good ICO collect large amounts.In my opinion, the ICO is going through a stage of maturation. It is possible that new rules for holding an ICO are being prepared by backstage.It is time to increase the capitalization of cryptocurrency. With fraudsters, this unfortunately will not work.



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January 19, 2019, 09:47:23 PM
 #333

I think that in order to overcome fraudulent ICO, it is necessary to start regulating ICO, but it seems to me that it will be more difficult than it seems at first glance.

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January 20, 2019, 09:25:45 PM
 #334

Do you think that any kind of external and involuntary control of your company can lead to greater achievements (especially when it is on the shoulders of some state institutions)? CEOs have an ability to prove their professionality by applying to an external audit- this will tell you a lot about the team and their vision. Forced inspection led by a ministry? This will not be free at all and the outcome will not be seen as a benefit. Moreover, if you can not do a thing without this license, officials will almost certainly ask for bribes and they would push even questionable projects if they will be paid. I am down for a self-regulation, but it should end there  Smiley.

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January 20, 2019, 09:27:48 PM
 #335

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?
If we want to regulate ICO, then I suggest that even the entire cryptocurrency is regulated not just ICOs alone. I hate it when people just pump a coin and dump thereby making it valueless afterwards.

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January 20, 2019, 09:38:02 PM
 #336

in my opinion it is necessary because given the huge number of ICOs that failed last year. because if this continues to be left then the investor will sooner or later disappear.
there must be strict rules for making ICO so that it can filter fraudulent ICOs.

Actually crypto settings are indeed necessary, the problem is that crypto is increasingly in demand, and the users are quite numerous, it should indeed have rules ... all of them become sloppy and not arbitrary.
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January 20, 2019, 09:43:09 PM
Last edit: February 05, 2019, 12:09:42 AM by serejandmyself
 #337

The account was hacked between 29.01.2018 and 04.02.2019. All posts made during this period were not made by me.

Please see this topic:

https://bitcointalk.org/index.php?topic=5106030.msg49582645#msg49582645

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January 20, 2019, 10:04:54 PM
 #338

We are regulators for ourselves. We need to study the project well in order not to get caught by scammers. ICO regulation has its disadvantages. But maybe in time it will be possible.

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January 20, 2019, 11:14:16 PM
 #339

in my opinion it is necessary because given the huge number of ICOs that failed last year. because if this continues to be left then the investor will sooner or later disappear.
there must be strict rules for making ICO so that it can filter fraudulent ICOs.

Actually crypto settings are indeed necessary, the problem is that crypto is increasingly in demand, and the users are quite numerous, it should indeed have rules ... all of them become sloppy and not arbitrary.
You both spoken well base on previous turn out of ICOs in the past but I want you to know that with or without the ICO regulations service there will still be some failed ICOs in the crypto market because ICOs regulations doesn't justify the future success of project and it may only yield true ICOs.

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January 21, 2019, 02:06:46 PM
 #340

Yes, ICO should be regulated because there are many scams happen through ICO's and people lose their money. If this market goes regulated then it is not easy for anyone to scam people.

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