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?
depending on how the government makes regulations in the country when making regulations that only remind its citizens to be more careful in transacting using bitcoin, in my opinion it is a good thing, but if the country really strictly prohibits the circulation of BTC or even to take legal action to anyone who has btc then that is a very, very bad thing.