Doesn't regulation mean it will become centralized? I thought the whole point of crypto was for the user to have control over his own transactions without having to use a intermediary such as a bank. Surely the governmental regulation will go through a bank.
The regulation can only be applied to the centralized exchange site of crypto because basically the funds stored in the one place just like a hot wallet that has been managing by the exchange team itself.
Crypto is decentralized caused by they are using a lot of nodes to run the network and validate the transaction.
The regulation will give an impact to the exchange site but i can't say if that will be giving a lot of impact to the personal holders or traders directly.
The government needs more and more money through give the taxes to the crypto.