Quote from: Marry Finch on June 09, 2019, 09:10:45 AM

Our common efforts and appeals to ensure that ICO teams are tested by KYC will not bring any success. If there is no strict regulation of the activities of ICO projects by the states and their authorized bodies, the fraudsters will be able to successfully bypass all these public checks. Only a real check of the ICO team members by the relevant law enforcement agencies of the states at the place of registration of the ICO project can significantly reduce or even completely eliminate fraud in this type of activity. To do this, we will have to wait until the state during the legalization of cryptocurrency will not adopt the relevant regulations.

The most saddening thing is that such scam and fraudsters will demand kyc from investors when they know they are out to dupe people. The only solution like you said is absolute regulations of ICO projects. Proper checks should be done through a regulatory body before endorsing any project for ICO or even IEO.