I think this is well known to people who have been in the crypto world for any length of time. Scams are everywhere. You just have to do your research. Of course, any investment is a risk, whether it's legit or not. At least the UK isn't shutting it down and is allowing people to decide for themselves how much they're willing to risk.
Yes you are right. At them moment they are not subjecting ICOs to control as they deem far too few people are participating in them.
This is BULLISH for bitcoin. Regulation for ICO's are actually good. We can't let all these scammers keep stealing BTC from newbies. Sure, everyone should be responsible for their own actions, but is it ok to just sit back and see how clueless noobs get their BTC stolen from them by all these weasels? I don't like regulations, but when something reaches this point, it must be stopped.
When people see ICO's arent safe, they will invest on BTC instead of trying to get rich overnight with all the random ICOs.