Yes in order to lessen or prevent the increasing number of victims and scammers here in the cryptocurrency. Like managing a country everything is based on regulations because without it there will be an outburst or too many conflicts that the other cryptocurency coins might suffer in the future this also one way of lessening the risk.
Yes, I agree with him. It helps a lot to us to lessen all problems in the crypto world and one of it is encashing your bitcoin in order to avoid being scammed.