I think it is needed to eliminate those scam projects. We are all wasting time in participating and investing with this such scam ICOs. I don't know how but I really appreciate that there will become a laws and regulation for the people who are scammers. They really make the bad reputation for cryptocurrency. They are the garbage of the world of technology. They used their intelligence to fool people and to get advantage with the ignorant people! I really hate the way they steal coins. They live using the money of others! They live but their souls are burning in hell.
The whole world really does need to hurry up and bring in proper legislation for market entry though!