Yes it can, but is our bitcoin community really exist? Even in this forum, most are cheating and scamming each other’s without any care. If this is the people we are part of, it was not a good influence to most newbies who wanted to learn in a legal way. We or half of the members might have good intentions but can be manipulated by others who have the different motives. I know that ignorance in any rules is not an exception but this regulation will only be effective if all of us will give effort to follow it.

I will give time for this community to mature the same way bitcoin does. After all it is still a decade old there so many room to improve and be organized.