Whether we like it or not, I agree with crypto industry being regulated because there are things that we cannot do for our protection because it is unregulated. We cannot just hold someone accountable in case he does something like run away with our money by participating in ICOs because they are anonymous. We may know their names through their whitepaper or website but how can we know if those people are the real people behind.

If it is regulated then the team behind those ICOs would be known since they are required to register and show their supporting documents. We may not like it because the government is in control again but what can we do? It would be better being regulated than being totally banned which would hinder the adoption of cryptocurrency.