Now it is very difficult to distinguish a fraudulent ICO project from a non-fraudulent one. The fraudsters have learned how to create good documents, therefore only documents cannot identify them. Even having read all of their documents and having read their team on their website, it is impossible to say whether the project is fraudulent or not. A certain doubt may sneak in, but we still cannot confirm or deny it.
To solve this problem, government regulation of ICO activities is needed. Many states are taking steps in this direction. It is Japan, Germany, Russia, and I was especially interested that the United States is going to introduce regulation of cryptocurrency and ICO activities.