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?
Regulation is good for cryptocurrency because it will bring in more investors. These can negatively affect the anonymouse nature of the crypto space. money laundering still goes on through conventional banks, while blockchain is bringing a technology that can not be manipulated. We have projects like Mfchain, Pundi X working towards mass adoption of cryptocurrency. The regulations will give legal backing to this kind of project in such countries to be implemented by local businesses.