Just sharing what's going on in the Philippines. Regulations for ICOs has been posted currently at the end train 3 (4 trains total) before it is accepted by the government. Both companies and associations have been very active working with the PH-SEC (yes and they are open for opinions). The initial draft (linked here) was first posted in August this year and it's moving a fast pace. It's estimated to be complete by November.
http://www.sec.gov.ph/wp-content/uploads/2018/08/MC-Rules-for-ICOs.pdfLet me know what you think!
My country is always open for innovation, as much as possible it tries to adopt the prevailing market into it's system that's why crypto currency though not yet legal in paper but still able to enter our economy and be use by a lot of people. Same thing I guess is happening for those ICOs maybe the government is putting a lot of control over it, but still the Philippines will continue to support it and let it become part of its growing economy.