Quote from: Caxton10 on October 04, 2018, 11:51:56 PM

The regulation is necessary to prevent money laundering which may greatly influence a country's economy. KYC verifications will be one of the ways to regulate transactions.

Yes i agree, regulations aim to protect people from illegal activities that uses bitcoin and other cryptocurrencies. These illegal activities involves online scams, money laundering and illicit drug trades that common in the so called dark web. Many countries are now planning to impose it but it may vary in implementation in each country. For some countries, legalizing bitcoin might be the next thing to happen once the regulations are in place.