Considering ICOs are decentralized and are mostly oriented to raise funds, there are no existing regulations, as far as I know.
Figuratively speaking, this coin has two sides. On the one hand, it could open new opportunities for crypto-community in general to apply the decentralized projects in reality, but on the other hand, regulations of any kind may have the adverse effect on the crypto-people. The whole point is in the fact that it doesn't require any regulations and works pretty much fine.