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Self-regulation needed in the face of more regulations – ICO Community

November 29, 2017 by Ashley MAO

According to speakers at CoinDesk’s Consensus: Invest yesterday, the ICO community is in need of more self-regulation to better prepare increasing regulations.

According to the CEO at Input Output and former CEO of the Ethereum project, Charles Hoskinson, a crackdown on ICO activities in the US is inevitable and might come as soon as within the next 12 months.

As a response to this potential scrutiny, more self-regulation and self-policing of the ICO community was proposed by co-founder and chairman of Bloq, Matthew Roszak.

“There is a lot of froth and crappy ICOs out there. We as a community need to put our best foot forward to say ‘Let’s start thinking about frameworks for best practices and self-regulate ourselves.'” he said.

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Ashley MAO, Coinlaw

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Ashley MAO is a member of the Coinlaw team. Read more about our team.

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