German government sought to introduce a law that might end up driving startups "out of the market" state that the government had the opposite intention in mind. It wants to encourage mainstream adaption of cryptocurrency and blockchain technology , rather than leave the sector open to unregulated smaller firms.
German government controlled for the issuing of token license for smaller firm for the protection of investors and let the solid companies dominate in the market.
Then that's good, isn't it?
And sure, people who are planning to start up an ICO or any crowd sale will be having second doubts especially those who are planning fraudulent activity. Well, that serves a warning tho. On the other hand, if this will become successful, it will open up more opportunities to their people and businesses as well.
Looking forward to seeing more countries that regulate ICOs. And to lessen the thought of regulation is just nothing but a hindrance.