Has Regulation arrived for Cryptocurrencies through the back door?
Over the last couple of years, the crowdfunding market started to build rapidly. ICO or Initial Coin Offering is not only a very advantageous way of raising capital for additional project’s progression but also a remarkably profitable investment tool.
But there are many troubles on this market, which need an answer.
According to data from DeadCoins and Coinopsy, around 1000 cryptocurrency-related projects floundered in 2018 and are now dead. Although this may seem like bathing, the reverse couldn’t be truer.
Dishonest and Poor Crypto Projects
The hyperbolic bull run and ICO mania phase of 2017 brought on the creation of numerous fraudulent digital currency strategies and poor cryptocurrency project. One such example is Bitconnect, which is one of the largest crypto-Ponzi schemes of all time. One way the industry classifies a crypto project as dead is by concluding the founders dumped the project, was a scam, has no trading volume or transaction validating nodes, and/or its website is dead.
The regulators all over the world have been in a quandary regarding what to do with crypto coins as they didn’t quite fit traditional investment or currency rules. …. Read More