More regulations, not always mean a bad thing for the crypto world. Some times it is with better regulations and rules that the crypto space become a good environment. Like you see the ICO scams happening around can be deterred to a minimum level when combated with the good crypto environment in a country. It is good unless and until it does not create much intervention into the crypto matters and harm its autonomy operational working. Government probing too much in here can really prove to be detrimental for the market growth.