Yes, this is highly needed. I don't want an entire regulation of Cryptocurrency industry but ICOs really to be regulated either by the industry or government but I prefer an automated system regulation that will be able to protect the interest of investors and force team of projects to be responsible for their actions and inactions.
highly needed but tough to implement. since the use of crypto is global, who will serve as the regulatory body? this is the reason why there are so many icos created everyday as theres no one who can streamline the ico process and remove the potential scammers
why can't this kind of thing be fixed ?? for example, nowadays only bounty participants are increasingly tightened to avoid participants who are cheating and proven so far have reduced a lot and proven effective. if only the bounty participants can be set up why is the ICO not? ICO should also be regulated and have certain conditions to reduce fraudulent activities under the guise of ICO.