ICO's are just a white-paper with issued tokens via Ethereum and most of them collected millions. Chinese did the right thing by banning all that scammy ICO's and EU countries will f soon ! What's your view on that?
This is not always the case and you need to use your head and choose it well.
Take for example - ADAE, the ICO from my signature. An ICO with already working BETA version and very good perspective.