Ethereum and Waves to setup self-regulation

Recent clampdowns on ICOs by a number of nations, China being the most prominent, have been spurred by the need for more regulation. Currently trading in crypto-land can be a bit like going to the casino in the Wild West. There is no safety net and no regulation on ICOs; anyone can start something up. All you need is a flashy website, some smart looking business people in your team, a good concept, and of course a blockchain which is getting easier to create. Then it is just the matter of asking