According to an online poll, 19% of participants are extremely confident of ICO market. I’m not so sure it’s good or bad, because if 19% are extremely confident… What is degree of confidence of other 81%? Well, let’s check it in the NewsBTC words:
A brand new survey finds that 19 percent of respondents are extremely confident concerning the initial gold coin offering industry (ICO), whereas 36 percent remain neutral.
To date in 2018 there’s been bearish sentiment toward the ICO space, with most ICOs buying and selling below their listing cost. Based on the survey, nine percent of respondents indicated these were somewhat non-confident from the market, while 14 percent mentioned that they are by no means confident. However, as the industry has witnessed a stop by prices, a closer inspection in the results illustrate a “neutral to positive confidence sentiment.”
ICO scams would be the most pressing issue that’s impacting the marketplace, the findings show, with nearly 40 percent of participants responding. Insufficient regulation and insufficient governance arrived second and third at 33 percent and 27 percent, correspondingly, as key challenges inside the ICO space.
Yet, while investors see too little regulation and governance as essential factors impacting the ICO market, steps are, apparently, being taken among different jurisdictions.
Taiwan, for example, is preparing itself to have an ICO regulatory framework. Recently, it had been reported that Wellington Koo, chair from the country’s Financial Supervisory Commission (FSC), had mentioned that they’re while drafting ICO rules that will make sure they are liquid and safe as retail stocks.
Elsewhere, France-based money washing watchdog, the Financial Action Task Pressure (FATF), is anticipated to produce its crypto guidelines by June 2019.
In September, Mike Novogratz, Chief executive officer of Universe Digital Management, known as a bottom to promote prices which an industry breakout will probably happen. Of individuals who agreed or could not agree with Novogratz’s opinion, greater than 50 percent either strongly agree or accept him, with one-third remaining neutral.
Elsewhere within the survey it collected details regarding who’s considered a top advisor within the space.