I reflect on the fact that lack of regulation in the field of crypto currency, gives wide opportunities for scam projects. And it will not be possible to regulate the cryptocurrency, no matter how much the goverments want to do it. In the fact that in the world of crypto, lots of scammers and they remain unpunished, I see one big plus.
People will be forced to learn to be more insightful, calculating and rational or will be scammed. Protection from the state decrease our instinct of self-preservation and slowed our development.
Crypto currency will make the next generation of people smarter.
Let's discuss this topic.
This is the reason why the government wants to regulate ICOs, to avoid scam projects. Yes, they cannot regulate cryptocurrency but they can regulate those companies or entities who would want to launch their own ICO or crowdsale.
Actually, the existence of cryptocurrency is not the reason for people to be cautious. They should be at all times since this is another form of investment. So basically, cryptocurrency does not make people smarter to avoid scam this should be a natural instinct.