Quote from: CryptoBry on May 30, 2019, 05:44:51 PM

Quote from: forexandcryptoauditor on May 30, 2019, 03:17:19 PM

At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

Scams are proliferating and spreading like a wildfire in cryptocurrency industry all because anybody can put up a project even a fake one, gather a team using fake profiles and then put-up a website where the crowdfunding is announced. Some scammers are excellent at what they do so they sometimes evade detection from the community. I am for the regulation of these projects to protect the interest of the investors. There should be an office that will look into the authenticity of the people behind the project and can issue an approval before any crowdfunding can be done. Hopefully, with the coming of the IEO under reputable exchanges, the chances of scams can be lessen. Just avoid participating with IEOs of doubtful and scam-filled cryptocurrency exchanges (and there are many of them).

There are two schools of thoughts. One wants crypto to be regulated and this has of course visible benefits for all but another group, which rather focuses on self-building and are skeptics of regulations in crypto do not want it the least. But I think if we get the system regulated, there could be insane expansion in the usability of cryptocurrency.