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?
I think it's good to prevent criminal acts and scam ICOs. cryptocurrency was created decentralized no one can control. but if I only regulate it, I don't think it's a problem. because crypto is anonymous so it is vulnerable to being used as a crime tool. KYC usage rules are also good for avoiding illegal users. so the government needs to regulate that crime cannot be avoided and the government can also provide security services for crypto investors so that their wallet is not hacked. and the government can also take taxes from crypto profits so that between crypto investors and the government benefit each other.