You can't regulate ICOs. That's the beauty of them! Governments can try but the internet is so free and people will find ways to invest in great projects anyway. I will never let regulation stop me from investing in a great ICO.
What are your top picks for hot upcoming ICOs?
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I see ong coin as interesting ico as its going to revolutionalize social media and it already has a working platform and good community behind it. Also I see xrp as interesting coin but its been around for some time already.