The regulations see changes for every quarter of change in trends. The market itself is very influential in most of its part. Initial Coin Offering (ICO) has a nature that it limits the potentials of the currencies. the Government of Columbia and University of British Columbia funded a research to study on the ‘trilemma’ of ICO. Only two issues can be addressed by them which is to have compliant offering and to reach a distributed pool of investors. the four approaches are based on ignoring compliance for maximizing ICO reach and cost effectiveness, targeting only accredited and institutional investors, compromises on all three dimensions and no ICO.