Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.
I do not think that the rules in cryptocurrency are needed so that someone, at their discretion, decides who is allowed to create a new ICO project and who is not. It will be the same bureaucracy with inevitable bribes and other attributes of centralization. The regulation of ICO activities should concern organizational issues - verification of the identity of the team in order to avoid possible fraud, the establishment of general rules to protect the rights of investors. However, the definition of qualifications for a project is too subjective and therefore government bodies should not address this issue. Otherwise, there will be no decentralization in cryptocurrency.