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.
Regulations and rules are important in order to achieve orderliness in any organization or matter. It set the rules to ensure that everything is done properly, thus avoiding any problems that may occur. With regards to regulating bitcoin, it can have positive and negative affect. It will help eliminate fraud and illegal activities that some people take advantage of the decentralize system. However, it can also mean disclosure of privacy of transactions when the need arises and might complicate some procedures as there might be changes from the original process.