At least we have a country finally admitting that crypto can't be stopped and that regulations are the only way of maintaining at least some sort of control
Ok, there's very little they can do about decentralised computer tech, that's right
I am however a major supporter of governments implementing very HARSH restrictions when it comes to ICO's. It may not be what some people want to hear, but ICO's are the shithole part of this market, and that needs to be eliminated entirely, or regulated in such a way, that utter scammers won't be able to host ICO's as easily as they are allowed to do so right now.
But there's also very little that can be done, because ultimately, ICOs are also decentralised computer tech.
You are already doing the right thing without suggesting intervention of the (former) authorities, though: calling ICO scammers out. When the previous authorities can't do anything, we can only warn people.
This is symptomatic of powerful peer-to-peer (i.e. decentralised) tech. The tech is so powerful, that centralised methods cannot control it. This is great when someone with good intentions creates such tech, individuals are empowered. But those with bad intentions can similarly use the nature of p2p tech to manipulate people.
The only way to mitigate problems caused by peer-to-peer tech is therefore also peer-to peer. The financial press are supported by financial industry advertising, and so cannot afford to do anything except use ICOs as a stick with which to beat the well-intentioned cryptocurrencies availaible.
