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This is pure madness. I wonder how long regulators in the western countries look before they act.
by chinathrow 9y ago
This is pure madness. I wonder how long regulators in the western countries look before they act.
- Roshie5u 9y agoIt will be too late when they act but I can't blame them - it is all about politics. With recent pyramid scheme it was something like: 1. It is as scam, why the regulators don't do anything! 2. Regulators added company to warnings list - people say it is not enough 3. Regulators launch formal investigation - people still say it is not enough but another group complains that government tries to interfere with entrepreneur 4. Some branches are closed shut down - people say it is regulators fault that caused massive withdraws. 5. Pyramid scheme company is dead, everyone complains that regulators didn't do enough and reacted too late.
- berberous 9y agoI agree with you, but Filecoin was one of the only legally compliant offerings. They only sold to accredited investors.
- sgs1370 9y agoThe SEC issued a warning that many offerings labeled "ICO" are fraudulent. (This one may be different than the frauds, but the SEC's warning was to watch out if you see that initialism.)