Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
At present, there is no effective supervision of ICO in the market, so there are many ICO frauds, so we must be careful when reinvesting.
I believe that ICO needs a special supervision department, so as to effectively control and supervise the legitimacy and completeness of ICO, so as to attract more investors.
Thats right. No proper regulation right now and anyone can do an ICO even anonymously and raised funds and run with money /btc being scot free. This is being pointed out by several people already and government are doing thier best to formulate rules and accountability about this matter.