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The Future of ICO

Discussion in 'ICOs' started by KYCbench, Oct 11, 2018.

  1. KYCbench

    KYCbench Contributor

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    Although governments have started a dialogue on how to even approach and define cryptocurrencies and blockchain it may be some time before this is a uniformed approach.

    Until a time where ICOs will have a clear set of laws to follow ICOs will need to try align themselves as best as possible to existing laws currently in place especially in regards to the processing and storing of personal data of investors data.

    KYC/AML is becoming a typical requirement of fund raising and for the immediate future, more and more ICOs will need to follow laws such as the GDPR or risk being shut down or fined for non-compliance.

    For ICOs, receiving a knock on the door by an enforcement agency can have the effect of destroying their reputation and good standing in the blockchain investment world.

    Negative publicity, long delays, fines (up to 20 million euro) and potential criminal charges are all the result of avoiding the EU regulatory requirements of the GDPR.

    By aligning with companies such as KYCbench who put regulatory compliance as its main focus, will help insure that ICOs can continue with what their main purpose; to innovate and disrupt industries/sectors in a regulatory accepted fashion.

    KYCbench’s platform has been designed in consultation with experts who know the regulatory requirements of personal data processing/storage and the services offered are GDPR and ISO27001 compliant.

    KYCbench worries about the relevant regulation so that ICOs do not have to.
     
  2. Antech

    Antech Contributor

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    At Antier Solutions, we help startups, medium-sized enterprises and large sized businesses by providing end-to-end ICO development services such as: token sale distribution, landing page design, whitepaper writing, and smart contract creation. As your business idea is unique your ICO launch process will also be one of a kind. Our ICO experts help you analyze your concept to make sure that your idea is effective enough to motivate people for funding. Our experience so far in ICO and cryptocurrency exchange development is unmatched and it allows us to provide stable ICO solutions which are tailor-made to match your business requirements. Raise your Initial Coin Offering with minimal steps and get a professional guidance from our team of cryptocurrency experts.


    Skype : Exchange@antiersolutions.comAntier Solutions : ICO Development Company


    Website : https://antiersolutions.com/ICO-development.html

    Email us :info@antiersolutions.com

    Contact us : 98550 78699
     
  3. alecssa

    alecssa Beginner

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    Economic policies today are implemented by using monetary policy and fiscal policy. Monetary policy includes achieving economic growth through changes in the currency system including the exchange rate and controlling the circulation of cash notes. This policy aims to make the economy happy and prosperous. It is a one-size-fits-all policy which hopes to achieve all microeconomic and macroeconomic objectives. Similarly, using fiscal policy, the government can tweak the taxation rate and interest rate to achieve economic growth. In most capitalist countries, the main aim is to increase GDP. Even with “welfare states” enterprises, SMEs and even sole proprietors working competitively. While the economy focuses on collective economic growth, even with the government's boosting policies, it may not be an effective way to improve everyone’s situation.


    More and different values can be programmed into the economy. This is possible because the app looks out for the common interest of each stakeholder, which is defined once. There is the question that why there are so many cryptocurrencies out there instead of a few competitors? Such a system should prevail which incorporates the values and objectives of each group individually. Each industry is unique and includes its own set of values instead of letting their local currency defining it for them.

    Firms around the world are operating as oligopolies or in a monopolistic competition structure. This means that there are very few firms specializing in their product type, quality or style. To reduce competition between them, they introduced product differentiation, which would lower competition for their product. However, the individual firms would still be in the competition which each other. Interestingly, with technology, this paradigm is questioned because cooperating in certain areas, particularly the sharing

    of information, they could all be better off - denoted by an outward shift in the economy’s production possibility curve (PPC).
    got this and more info on
    bit.college
     

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