Regulators want to make sure they protect investors from scams,
That's what they want you to think. They offer no real protection and their regulation comes at a price. Government's aren't a charity. They aren't doing anything to make your life easier. They are doing it so that they can control you, and most importantly profit from new business deals.
They can start selling worthless licenses at high prices and make money this way, at the same time posing as the saviors and protectors. Same shit, new wrap.
I hate to take side of the government, but here's what I think. Voluntarily they wouldn't do anything to make our lives easier, that's true, but fortunately they can't afford doing what they want in the modern world and that's why they do some useful things out of the fear to be overthrown. For example, there would be chaos in the streets if there were no government. Maybe you are strong and you can take a gun and protect yourself, but not everyone is like you. Weak people need protection and that's what they get from the government. Same goes for the situation in the world of crypto. Of course some people are impossible to scam, but most people need protection from the scam ICOs and that's why we need these regulations. No, they will not kill cryptos. Crypto world will benefit from them in the end.