Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
We definitely need to regulate the activities of ICO, but first of all in order to get rid of fraud and protect the rights of investors, to establish clear rights and obligations of participants in these relations. However, the activity of the ICO should not be regulated in terms of whether a certain ICO should or should not be carried out. Any ICO should have a right to exist and only investors and the cryptocurrency market can give them a proper valuation. The regulator should not intervene in the question of the appropriateness of certain types of ICOs.