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?
somehow good because if a government accept the use of cryptos, with the intentions of controlling fraud and schemes, regulating the exchanges can boost trust issues for new investors, assuming crypto trading and crypto transactions are legal, more and more investment will think that crypto is now safer, but ony if the intentions are moral and sincere, but if the goals is to milk more money with it is another story. let just hope that it will be pro-poor and anti-monopoly and not political.