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I agree that regulations must be in place to regulate the ICO, because so that not just anyone makes a random ICO, so this could be a strong reason why regulation is needed,and regulations are also useful to prevent scam projects and I believe this regulation will have a positive impact on the development of new projects.
Of course, we need ICO regulation, because more than half of the companies that make ICO are real scammers and should be punished for this, so the cryptocurrency and ICO regulation will lead us to security.