Indeed and if the government can't regulate cryptos, we as investors don't have any protection like laws that can use to caught some dirty deeds.
Whether we like it or not, we still need government and bank to help us through as cryto currency is young and fresh and with the help of them we can achieve mass adoption that crypto currency really needed.
Everything is in your hands, only you are responsible for the safety of your funds, so you need to comply with security measures and be responsible for investing in questionable ico