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

North America Regulations United States
Maciek Klimowicz
Written by Maciek Klimowicz

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.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

Leave a Comment

Coinlaw Newsletter

Whether you are a law firm, founder gearing-up for a token offering, or a crypto currency trader, subscribe to the biggest crypto legal newsletter to be informed of the latest developments in each and every jurisdiction