whether such a project has no rules that punish these naughty projects because I think scam projects are very detrimental to many people and make many people become anxious and lazy to go back again to continue their dreams because the naughty projects that are developed are many.
for now I think there are no regulations that bind the ICO project. therefore it is very important for the regulators of a country regarding the development of their country's ICO project. So far I think that only Korea has regulated the existence of ICO projects in their country.