In all due respect sir, this is global crypto-currency. I am not indemnifying you in every jurisdiction on earth. You can consult the authorities in your jurisdiction and your own attorney to obtain the advice that is relevant to you. I can consult the authorities and my attorney to obtain advice that is relevant to me.

There are 194 countries on earth.

In the United States I would take this guidance from FinCEN under consideration. https://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

It appears to me that an ICO would require the registration of the issuer with FinCEN as an MSB within the required time period in order for the ICO to be legal in the United States.