There is really a need to put some regulation to ICOs. This has become more necessary. It is needed not only to protect investors but to protect the entire crypto itself. If the influx of ICOs that are scams will continue, the established reputation of crypto will be severely affected and might even appear scam in general to people. Something has to be done.
to minimize the incident we must provide the regulation with firm action to every Investor and member. with this will have a positive effect on everyone.
Regulation is not yet needed but for the verification purpose of the team to prove if that platform has already created by the same owner was not faking his identity and i thought that's good enough.
When icos implemented some important thing as the standard in the past and that is helping a lot right now, just like
1. Escrow
2. Proof of identity by the team
3. 3rd trusted party to audit the platform
The verification has already done by investors that what we have called that as KYC verification is really suited to be used by the team too