https://www.coindesk.com/chinese-ico-site-suspends-services-amid-reports-regulator-scrutiny/
https://www.coindesk.com/chinas-internet-finance-association-issues-ico-warning/
https://www.coindesk.com/report-chinas-regulators-close-taking-action-icos/
Not all , it's not regulated in some countries , like Russia.You can still join in some icos .I have to tell you ico is harder to be listed in exchanges, that means ico is far away from quick profit .
What this guy says.
The new hot ICO's are going to be the ones compliant with the law. That is if you want to get listed on an exchange with some decent volume (like bittrex or even (still) Polo)