Every now and then we need always a regulations in order to have a proper process or anything else because regulation intends to regulate what people are allowed to do, and I think that in crypto world we need a regulation to have a clearer transactions for all.
Yes you are right if there is no regulation the is no organize bounties, regulations helps bitcoin users to know the process and to know the rules in it. Regulations help everyone to in order, even a country without regulation, is so wrong everybody would be right snd no one will follow a leader. There will be no peace in order in a country, as we consider bitcoin user is one community where there is in need of rules and regulation to have a process flow smoothly.