There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.
http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.
It all depends on the motive behind the regulation. Money is a very critical substance. Nobody plays with it. Just like thailand, the motive behind setting up a regulation on a financial asset is to protect the investors and stake holders. If Investors are loosing, the stake holders could be at the receiving end to, in cases where the government is part of the stake-holders. Especially where a Private-Public Patrlnership (PPP) agreement have been signed.