It should not,even in areas where bitcoin isnt considered illegal, any regulatory hurdles will inevitably hamper innovation. The entire cryptocurrency ecosystem, both legal and otherwise, is evolving so quickly that government regulations cant even keep up, let alone plan. Legislators are now preparing to make rules for circumstances that have no precedent, that can be hard to understand in their current form, and that will likely not exist tomorrow.
Bitcoin requires a whole new way of thinking, and a much more flexible approach from governments, to allow it to develop legally within the free market and to bestow its benefits on the worlds citizens.