the problem with scams existing has never been about regulations,... it has always been because of people's greed. they all want to make a lot of money in a short time and that helps these scammers create false promises and illusions to lure them in and take their money. for example if people stopped giving their money to ICOs then the market would have been 10 times cleaner.
You are right to the point. I think fictitious promises are what lures greedy investors most times to investing quite alright but sometimes, it is not greed. Innocent and honest investors also get in this trap with an ico looking like a saint.
