Yet the remedy proposed by regulators may actually kill the patient.

Our London correspondent Nick Ayton aka The Sage of Shoreditch, after chairing Blockchain Expo in the heart of Silicon Valley, assess the state of ICOs and the near-term prognosis appears to suggest that in 75 percent of cases we are losing the patient.

12,000 people attended Blockchain Expo in Silicon Valley on 29 and 30 Nov. 2017, to date one of the biggest gathering of crypto enthusiasts, which provided a large enough sample of people in the ecosystem to measure the current temperature of ICOs as an emerging capital market.

There is no doubt ICOs are entering a period of intensive care but should emerge fitter and stronger in the second half of 2018.