Should ICOs be regulated

[nur rochid]

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?

What would be the impact if we allow regulatory commissions to handle the ICO or any investment platform on cryptocurrency? Well actually, the freedom that we already have now is the best option that we already have. We should exercise and be responsible enough and that's good. Allowing regulations will going to incur restrictions on our capabilities.

but in the absence of regulation many are used by fraudsters to take advantage of the suitability. many made the ico project, and finally they brought in investor funds. of course all decisions must have risks

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[Viscore]

It is very difficult to make regulations about ico. blockchan has an anonymous feature. if there is a requirement for investigation, it is meaningless

Sorry but that's wrong, they are not regulating blockchain, they will be regulating the ICO or the crowdsale.
The regulation would be, if the team will scam, they will go in jail, that's so simple.

Also, there is a requirement before running an ICO, they need to pass it, otherwise they will not be allowed to run.
Thus, we investors can be assured that this people have legit knowledge on the project.

[Lonthe]

now more investors are turning to the IEO and if this continues to be allowed ICO will not be in demand and will be abandoned forever.
if there is no regulation this might be the end of the ICO.

Initially the IEO looked good and promising, but I'm sure that someday many scam projects in the IEO, scammers will never shut up and they are always looking for ways to make money easily.

[Evgenklm]

To date, ICO is carried out by all and Sundry, so many became scammers that the site is well made, white paper and even the team is transparent, but still there are scammers, regulation is necessary, at least for the responsibility of the ICO team to investors.

[Janna_MaMa]

ICO has regulations that will help growth for crypto, reduce phishing projects. Hope this will come true soon. It is impossible for the scammers to laugh on the pain of investors.

[andrearz]

now more investors are turning to the IEO and if this continues to be allowed ICO will not be in demand and will be abandoned forever.
if there is no regulation this might be the end of the ICO.

Initially the IEO looked good and promising, but I'm sure that someday many scam projects in the IEO, scammers will never shut up and they are always looking for ways to make money easily.

I agree with you because not all IEOs are good and I see a lot of IEOs scattered in various very long markets to complete the IEO according to their targets and of course someday there will be an IEO scammer, fraudsters always have many strategies for that we must be careful.

[cryptolove.143]

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?

Of course 100%, ICO's should be regulated. What happened last 2017 really put a dirt in the faces of investors due to scam projects and it was not really good sight to watch. Great thing that STO's and IEO's is now happening and that provides the security that us, investors needed when participating in these startups. A project that has one of the guys who founded Pokemon has their cryptocollectible project in an IEO and it sold out, easy. A reputable name and sales to back the project up will definitely help. Though ICO's are not really dead, they're still worth to look at as long as you DYOR.

[PaoAj]

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?

Of course 100%, ICO's should be regulated. What happened last 2017 really put a dirt in the faces of investors due to scam projects and it was not really good sight to watch. Great thing that STO's and IEO's is now happening and that provides the security that us, investors needed when participating in these startups. A project that has one of the guys who founded Pokemon has their cryptocollectible project in an IEO and it sold out, easy. A reputable name and sales to back the project up will definitely help. Though ICO's are not really dead, they're still worth to look at as long as you DYOR.

Yep, ICO's are still being used by other legit projects. I've seen a couple but I also see some that are considering entering IEO's because they're having issues raising funds in an ICO stage.

[HodlerKing101]

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?

Of course 100%, ICO's should be regulated. What happened last 2017 really put a dirt in the faces of investors due to scam projects and it was not really good sight to watch. Great thing that STO's and IEO's is now happening and that provides the security that us, investors needed when participating in these startups. A project that has one of the guys who founded Pokemon has their cryptocollectible project in an IEO and it sold out, easy. A reputable name and sales to back the project up will definitely help. Though ICO's are not really dead, they're still worth to look at as long as you DYOR.

IEO is everything ICO should have been. Safer, more reliable, better controlled. There is no longer a need to sling your personal data at hundreds of different providers, hoping to gain "exclusive" access to an ICO.

[zhengqi]

Such an organization is necessary to regulate the ICO, but until cryptocurrencies are recognized by law as assets that should receive legal status, there is no need to create it. In addition, the industry itself responded to this problem and now the emphasis has shifted in favor of IEO and STO.

[zulfi125]

As you know most of ICO was scams in past and now also scamming with investors so IEO is good trend for investor ,so should be regularized .

[semobo]

It is not going to be,even if it gets regulated then most benefits will go for the government not to the investors so learn ourselves to eliminate the scam and shit projects are the better way.

[ned.ryerson]

It is not going to be,even if it gets regulated then most benefits will go for the government not to the investors so learn ourselves to eliminate the scam and shit projects are the better way.

you are not right. The regulation will definitely come to the cryptocurrency market, and ICO / IEO will also be regulated. just now regulators have not yet found a way to introduce their control in this market

[semobo]

It is not going to be,even if it gets regulated then most benefits will go for the government not to the investors so learn ourselves to eliminate the scam and shit projects are the better way.

you are not right. The regulation will definitely come to the cryptocurrency market, and ICO / IEO will also be regulated. just now regulators have not yet found a way to introduce their control in this market

Already some countries have regulations for ICOs and few were banned it so which has any profits for the investors or saved them from investing into any scam projects.

[Daffadile]

This is why never give KYC. It has nothing to do with being legit. They probably sell that info anyway or even threaten you with it who knows. Not the kind of people you want to be involved with never mind have them know what you look like and where you live.

Regulated ICO? Regulated by who? You will just have higher level crooks that is all. Corrupt regulators and corrupt regulations that only look after an elite group and noone else.
I think we should have the option to pick between regulated and none regulated ICO. It is out money to invest after all.

[Ucy]

It doesn't need to. If you believe in government regulation you could use STO and IEO.

Things should be done in a way that makes scams and substandard projects hard to raise fund via ICO. This can be done in blockchain friendly manner or without relying on central authority

[Nasonn]

Regulating ICOs will combat the incessant occurances of fraud and also putting ICO teams on their toes to make sure they use the money raised to deliver the promised product.

[Silberman]

I agree that the ICO must be regulated, because now the ICO has lost a lot of trust and many people are now turning to the IEO. if not regulated, maybe in the near future the ICO will be extinct.

So? the whole point of a free market is to let people do as they wish, if people keep investing in an ico that will never gave to them a chance to make money then that is their problem and if this causes icos to disappear then that is the problem of those that would like to develop coins, the most successful coin in the market, bitcoin, never went through an ico and look at its success.

[blackhawkeye1912]

I am in favor of ICO regulation. I see the urgency of ICO being regulated. Especially most of the projects do not pay the amount because investor are starting to be diligent enougn to be diligent.

[Sonik33]

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 think this ICO really should be regulated. The large number of ICO frauds is very troubling to the public, making the crypto currency market fall as badly as possible. If indeed this ICO still wants to survive in the crypto currency then it should be arranged. This minimum regulation concerns whether or not it is appropriate for ICO to be present in the market and how much this ICO is responsible for the project. I am sure this will reduce fraud from the ICO and increase public confidence in joining ICO again.