Is there a risk of the government saying it's illegal and trying to arrest the developers? That would suck, would be next level oppression.
edit: And also future decentralized ico's will they have to be done anonymously in the future to avoid persecution?
Isn't the country that illegalize ico China? It means other countries like russia or U.S. will still devop ico project without any worries as the law didn't applied to them. Besides, KMD had long since passing their ICO, so it's not even a concern here.