Re: Regulation is an obligation : MyCoin Disappears with Up To $387 millions

Hello,

This is not the first time , this is not the last time ...

I think that regulation is an obligation to protect the investors.

https://mycoin.hk it was a ponzi scheme, a ponzi it is illegal in almost all the nations of the World. How can you regulate a ponzi scheme?

how do yuo know it was a ponzi? supposition or facts?

As I read here :

- http://www.ibtimes.co.uk/bitcoin-exchange-mycoin-disappears-250m-suspected-ponzi-scheme-1487170
- http://www.scmp.com/news/hong-kong/article/1708308/mycoin-director-quit-one-month-bitcoin-platform-changed-trading-rules (new article)

*"A suspected Ponzi scheme surrounding the Hong Kong-based bitcoin exchange MyCoin has left around 3,000 investors high and dry to the tune of around HK$3bn (£254m), according to reports.
The South China Morning Post revealed that the sudden closure of MyCoin followed a suspicious recruitment drive for investors that promised prizes such as a Mercedes-Benz car if investors found new clients."