ICO projects must register as a company. The regulations which are relative to the ICO depend on the country in which the project is registered. The scammers, of course, give false information, or choose such places where there is no regulation. It is important, when we check the ICO to look very well in which country it is registered and check that the country has the appropriate regulations. Without it, our money will not be able to recover.
I agree with Dhiraj0077, who will regulate ICO`s and how? Except people nobody can regulate it, I mean community
itself. Not everyone should be allowed to create ICO`s, some supervisors should exist to monitor what`s happening
and when someone gives them a signal they should be able to check entire team and project.
You probably have not read what I wrote. For ICO to exist, it must be registered as a legitimate company. Whether or not you check credibility of ICO before investing it is only your decission (same as buying car for example and checking his technical condition - you can do it or buy it without checking). It is all about that company created on the base of ICO must have different regulations to protect investors. This regulations need to be established by governement. For investors should be important only that, where ICO is registered and what regulations are in that coutry. It for sure will be enough. But regulations in each country for sure should be made.