I’m not sure NEM is that kind of a system. I understood it as a corporate solution and that’s what it seems like it aspires to be (in contrast to a privacy coin for example, which might be more agnostic to its users). So I wish NEM had stepped in and disallows this. Surely there has to be governance over what is essentially fraud? Would NEM allow known scamcoins to ICO?

I need to have a think, but this materially changes my interest in staying in NEM.