Do we need to regulate crypto so that more countries will allow it?
I dont think we should.
Crypto is borned to be decentralized. No individuals should regulate it by any ways.
In order for more countries to allow, we just need to give it more time. The market is too young know we cannot tell.
Regulation will not change its decentralized form, it will only put some laws into place in how people act within the space. Let's face one thing, a lawless space is a sinless space and this is why there would always be so much scam, and everyone doing whatever they please if an AML procedure is not put into place. I have never been a fan of centralization, but it is obvious that since this is a global thing, and human nature is prone to greed which is why negativity hovering round the space because of lawlessness, will affect its growth one way or the other.
As long as protocols of any token or coin is not changed, it remains decentralized and as long as regulation and some laws are in place, it makes it easy for growth as investors and institutions tend to feel more relaxed with the space to invest and the more the money flow, the more it is for the market to enlarge.