This is indeed very regrettable because real changes to eliminate fraud are still minimal. We must continue our efforts to eradicate fraud which is very detrimental to everyone. Real rules must be made immediately so that they can limit those who have bad intentions.
it seems like it won't work. even if regulations are made, the project scam will still be there. they will still look for ways to raise money with them by tricking many people.
we just need to be smarter than them and be more careful so that we are not caught up in the project scam. i think that's all we can do.