Every country trying to regulate crypto and force exchanges to comply with rules is one of the best thing that can happen to crypto world.
It means they acknowledge the existence of crypto.
Yes in the short term this will make crypto market very spiky, but in the future this will bring in a lot of new investors and especially big investment companies.
All those bankers who say that Bitcoin will fail can suck it

Yes these regulations are really for the benefits of bitcoin and for its better future as with these regulations means that actually these countries are trying to make it better for the use for their countries and it is actually the point and signal that these countries are interested in this currency and with this interest it is obvious that these countries will start to use this currency for their state at a larger scale and they will make it a legal currency for their state. So the future of bitcoin is much more brighter.