I hope that the legalization in South Korea of the process of issuing initial coins will occur simultaneously with the establishment of good rules for regulating this ICO process in order to make it more transparent, to exclude or at least reduce the risk of fraud on the part of the ICO teams and protect the rights of investors. Surely, after that, similar processes are activated in other countries. This is very necessary to restore the popularity of ICO, since this type of activity is very necessary.
Yes, that is what is needed. We need a strict regulation for Initial Coin Offerings so that the scammers who are only using ICO as a front would be prevented. If there would be a proper application of ICOs then things like investors being scammed will be prevented. As much as we want the government to be out of the picture because they are dismissing the thought of decentralization, we are not yet ready for it because there is no consensus yet as to how are we going to approach the ICOs on our own if there is no governing body that would control it.
