Are we damaging our cryptocurrency reputation before we’ve even started?

While I am a supporter of the government’s overall efforts to embrace fintech and drive innovation in the cryptocurrency and blockchain space, it is absolutely essential that we take steps to uphold our reputation in the financial industry.

The launching of a “pre-ICO” by a company founded and run by someone who sits on the blockchain and cryptocurrency task force before the new ICO law has passed and been made effective is exactly the kind of thing we don’t need.

How can we possibly tout ourselves as an upstanding, reputable jurisdiction looking to bring a prudent and respectable regulatory approach if the people tasked with guiding it forwards can’t wait a few weeks for the legislation to be in place?