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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

ICO NEEDS TO BE REGULATED

BY: @crixtoveredwin | CREATED: Oct. 12, 2017, 4:40 a.m. | VOTES: 3 | PAYOUT: $0.00 | [ VOTE ]

Basically looking at the constant influx of new coins: both shit coins and coins with reasonable values that are coming into the cryptocurrency market...I have just one opinion based on my observation " ICO's need to be regulated.
[IMAGE: https://steemitimages.com/DQmRvdeg3HiKmSRGzrwE6QorVQw3Cua3H2CsLjpEHmcUcaC/fake-ico-300x284.jpg]

There should be some sort of World #Blockchain and cryptocurrency council whose members will be a group of blockchain, tech, business, legal and crypto experts... the best on the planet.

[IMAGE: https://steemitimages.com/DQmcCXAwKHUKTQYHXo5UXPvBvJh4xEXzwJWmQFqW93XkCeD/Blockhain-Initial-Coin-Offering-or-Blockchain-ICO-885x590.jpg]
Any ICO that takes place MUST first take permission of this particular council in order for themselves to collect funding from citizens worldwide. Otherwise the ICO MUST be considered illegal. "
Is this a good idea ? May not be actually implemented, but just a random thought that came across my mind.
[IMAGE: https://steemitimages.com/DQmdjFKgqmYQAiwCG7v4QKzbnkTDXjx7Bfy6m9i1wDeX9DY/icobox-provides-solution-for-unregulated-ico-market-780x405.jpg]
Unregulated ICO's are becoming more and more dangerous as time passes, and I think its high time the issue is taken into consideration before it brings mayhem into the cryptocurrency market as a whole. @ned what do you think about this?

Steemit on a literal basis has a huge potential and future, and am certain by this time next year , a huge rise would begin in the accumulation of steemit in the crypto market more than it is now.

TAGS: [ #steemit ] [ #steem ] [ #bitcoin ] [ #ico ] [ #cryptocurrency ]

Replies

@fantasticmonkey | Oct. 12, 2017, 5:06 a.m. | Votes: 0 | [ VOTE ]

@crixtoveredwin Well done for sticking at it! Followed.

@alvg | Oct. 12, 2017, 5:26 a.m. | Votes: 0 | [ VOTE ]

Good idea, a regulatory body to monitor and implement rules regarding cryptocurrencies. Most Governments are moving in this direction anyway.

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