I find it weird to even try to bring the ICO (which are the engine of fraud and should be anonymous, or otherwise you get to jail anyway) into legitimate space. Someone apparently lost their sense of limits. It's really difficult to comment on someone trying to make a fully legally compliant ICO and get surprised that it's difficult.

Cryptocurrencies exist to move money out of China by circumventing their currency controls (pay miners in RMB locally, get crypto, send it to Hong Kong, exchange into USD). ICOs are a byproduct of that process and exist merely for scam.

Again, i am not against scam. Scam is fine as long as you aren't getting caught - nearly everything in software in scam directly or indirectly. It's just trying to do scam in the open and getting surprising it's hard is what crosses my mental limits of acceptable chutzpah.