Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.
I suppose a regulatory body be set up to audit the ICO process and the founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?
First, we need to know what is the purpose of regulation in ICO.
If the purpose is to protect investors from scam projects ICO, then it should be regulated indeed.
But if regulation have no positive purposes, ICO should not be regulated.