ICO is the riskiest investment in the cryptocurrency world, and you must know this before you invest.
But often novices can't tell what is a scam and what is a good investment.
I think it is necessary for the government to take some control, which will better promote the development of the encryption industry.
Sometimes classifying what is scam and not are hard. Because sometimes when you see a good project suddenly it became scam, and sometimes when you see a bad project and seems scam it will be stable and became a good project after the ICO. Yes it is risky but some precautions are need to done for you to pick a right ICO for you. You can check the legitimacy of it through promotions! If a big influencer is advertising I think that is a legit one because a legit project have a big funds and a great asset. Next, as you said if it is a registered project through the government various sector then it is a legit and a good one project. I have a experience not in ICO but in bitcoin casino, I am playing in one of the website without checking the legitimacy of it or searching the background of the company, It seems fun at first but, when I am going to withdraw my bitcoin in that website it didn't gave my winning or my initial money. That is very sad so I learned my lesson in that experience, After that I always check the legitimacy of a website before playing or investing. after that I see one
site that is a good one! and I am always playing there now. So in conclusion check the background of the company first and be very careful on the scam!