Without regulations, we will never have ETFs. And I believe they are our best chance to turn back into the bull run again. If it will become a mainstream we need to have some rules.
the rule is indeed necessary in the crypto world. because the regulation sometimes benefits the market, sometimes if the government approves crypto, the market will return but sometimes the government prohibits it
Bitcoin is not an official currency. That means, most jurisdictions might ask you to pay income, sales, payroll, and capital gains taxes on anything that has value including bitcoin. It is your responsibility to ensure that you have complied with taxes and other legal rules or policies issued by your government and / or policy makers in your area.