In my Opinion regulating cryptocurrency industry will be a good thing in the long run, ...
If you want a regulated currency, then why not just use dollars? The whole point of of public decentralized cryptocurrencies is that they do not need to be regulated. Why create a new currency when you already have what you want?
Regulation does not to compare it with dollar, but from regulation we mean to legalize it, bitcoin is going to be legalize by all countries in future, because all the countries are now feeling the need to have their crypto currency, and i think think that bitcoin is the best solution for that, bitcoin is the single crypto currency which is present throughout the world and people like to use it.
Yes I agree on this like Japan and Austria they accepting bitcoin as a payment. I think they adopt the new technology to day and became the bitcoin capital in the world.