One of the main reasons is that the spread of scam is used as a result of the manipulation,goverment can not control the transactions, used in illegal activity and the government thinks it affects the country's economy but it is not the reason
i think by giving strict regulations to ico, it will filter out the quality, so competition will be healthy, and not many investors will be deceived, i think that is a good first step.
absolutely right because so far there have been many investors who have been victims of fraud in the ICO. therefore with the help of the government to be able to receive crypto properly it can be a strong fence so that fraudsters cannot enter the crypto world as in the ICO