Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
I believe that it is ICO that is most in need of regulation. In general, I'm opposed to the regulation of cryptocurrencies. But the reality is that it is at the ICO stage that the main cases of fraud occur. And if a persons first acquaintance with cryptocurrencies occurs through a fraudulent ICO, then this has very unpleasant consequences for both the person and the future cryptocurrencies as a whole.