Like the saying goes, where there is no law, there is no sin.
This is why the crypto world has been plagued with so much frauds and scams.
i strongly disagree because of the type of majority of these scams.
for example the biggest plague is the plague of ICO scams, Ponzi schemes, and other way-too-obvious-scams that always makes you think why people would even fall for them in first place.
regulations and "law" won't change this. the problem is people themselves, their greediness combined with their idiocy creates this opportunity for scammers to rip them off!