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by Erlich_Bachman
3125 days ago
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They are not talking about regulating regular cryptocurrencies, which are openly a risky investment. ICOs like this are trying to defraud and scam people, making them believe that their token is something it's not. I don't think any honest investor and/or developer wants the second case to be unregulated, nor gains anything from it being so. If anything, regular cryptocurrency enthusiasts are loosing because of this, because the whole crypto space gains bad notoriety because of these ICOs, and people who cannot tell a difference between ICO, an ERC20 token, a private address, bitcoin, bcash, litecoin, etc, etc - people who think they are all the same - will just form a faulty opinion that since there are scam ICOs out there, that means that the whole crypto space is a scam.
Everyone would win if these scams were regulated and punished. |
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