Approximately the same rules for ICO are being prepared now in Russia. There you also need to first have a certain amount in the bank, all calculations, including fundraising during the ICO, must pass through the bank and a special state structure will control the targeted use of funds collected during the ICO even after it ends. The rules are tough, but this will completely eliminate the possibility of fraud. There it will be impossible to run away with the collected funds, since they will be in the bank under the control of state bodies.
yup although it may seem that the rules in Thailand or Russia have killed the ICO market
in reality it will get rid of all the useless , no-idea-behind semi scam ICO's that are only being created to run away with the money
in this scenario it is much harder to run away with the money, at least you got to invest something upfront before creating an ICO
thus, yeah this will pave the way to the legitimate ICOs (although the whole tokens/ico idea has been dragged into dirt so much that soon I will treat ICOs same way I treat HYIPs)
won't do too much to protect the investors from the countries ,but at least if you see its a Thai ICO you can be more or less sure it is not your 100% scammy bs tokens without a substance