I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?
If government is only concerned about the illegal use of cryptocurrency and the security of the investments I think it is a good idea. Investors dont have to be worried of scammers and everyone will experience the fair and square thing specially in a forum like this in which people were given a chance to earn bitcoin and other cryptos. But if the government has a hidden agenda about this of course it is bad. What if they only want to track and study our transactions and later on if they find out that we are earning good enough they will ask us to pay tax?