In another thread in this very sub-forum people are asking if we can discuss with government to make sure crytpocurrencies are legally recognised.  Here we there is complaint that they have been regulated.  

Legal recognition means regulations. What is that the community want?  Recognition with regulation or non-recognition with no regulation.  You cannot have both, and existing laws and regulations will still apply anyway.

BTW that guy getting jailed, was because he didnt follow the law on money laundering.  It wasnt because he was trading bitcoin, but because he didnt ask for ID as required to for *any* transaction over certain amount.  If he'd been trading other items of value he'd would have been jailed for not complying too.