The problem is that crypto is still in a wild wild west and although a couple of years ago everything was happening on the small scale right now everyone seems to be getting on the hype. Unfortunately, it leads to a lot of scams so it's good to regulate crypto - I think that there will be more and more smaller countries jumping in to be crypto-friendly. It's the big assholes (like China and US) that are gonna see it as a threat. European countries will more likely want to attract talent by being receptive to crypto.