Quote from: ckcharlie on May 29, 2018, 10:33:27 AM

Quote from: amancoin on May 29, 2018, 05:53:24 AM

Quote from: ckcharlie on May 27, 2018, 12:51:20 PM

The way to fix this is through regulation (SEC) or otherwise. Which in the long term is a good thing for the crypto world. Possibly it would have a short term negative effect but in the long term would increase the quality of ico's and would help to eliminate the scams.
right now the only choice is your own due diligence in investigating the ico through research. I think you can eliminate a lot of ico's this way. After that you are taking a risk but at least it's an educated one. Reverse KYC is an interesting idea however you can also find out a lot in linkedin at the moment.

Yes i do agree with all of your points. But SEC should have a regulation in place right now for ICOs, don't ya think?

Yes I do. i think regulation of ico's would cut the launch rate in half at least. Of course regulation would have to come from multiple individual countries for this to have a dramatic effect. I believe the US is slowly moving closer to regulation and we can see them chasing fraudulent ico's already however this is only in the US and there are a lot of other countries in the world launching ico's.

US Laws are the tightest regarding ICO regulations compared to other countries in the world. But if the US SEC is really serious about this matter, they should invite and discuss with entities that can give accreditation or credit rating to the ICOs. So, far we ain't see that coming... bummer..