Like the saying goes, where there is no law, there is no sin.
This is why the crypto world has been plagued with so much frauds and scams. The scams in different crypto affairs from ICOs, to bounties, airdrops, mining, etc have continued to be on the rise.
But isn't the debauchery land, i mean, a lot of people is already in jail for this.
Studies have also shown that the number of scam or fraudulent ICOs in this year 2018 alone, already exceeds the record of all previous years put together. This unwanted record is likely to continue into 2019 and beyond if nothing is done to checkmate it.
Yeah, but the number of Pozis have gone down, if you see is hard to find nowadays on the forum the famous 'Doublers'. Now the easy money is on ICO's and there is the min scamns.
There has to be Global Regulatory Authority which all ICOs or crypto related project must pass due diligence test before even commencing any form of bounty and token sales.
I believe this will bring back a lot of confidence in cryptocurrency and consequently more investments.
What are your thoughts on this?
I see a problem about this, bitcoin don't have a nation. So, what laws should it follow? lets suppose it takes murican laws, and there comes an Indo scammer, should USA chase the Indo guy out of his territory for scamming?
Is a complex topic my friend, and if it doesn't have a regulation at this point, is because govs havn't find the way.