Regulation varies depending on the country. There is still limited guidance on regulation and despite it looking inevitable that it will be introduced, thus far it is still a largely unregulated industry.
ICO regulations vary widely by nation. In some countries, ICOs are totally unregulated. In countries like the United States, they are regulated gently and cautiously. In countries like China, ICOs are altogether forbidden. Every level of regulation in between these examples also exists. Furthermore, national regulatory environments are very fluid. Just as blockchain technology changes quickly, ICO regulation can also change.
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