Wow, it seems like the whole world are watching cryptocurrency now. A lot of good and bad news, regulations everywhere but in the end cryptocurrency will win and go higher for good. This is the future that we need, and I know many more big people will adopt this system.
If this is the case, i think the cryptocurrency do not need such regulations. Or somewhat the bitcoin can move on its own, but the thing here is, the people consider much when they seen it legal, they are somewhat conscious to what is going on. Therefore we can say that having global regulation maybe good but somewhat bad.
Yeah it is right, with the passage of time more and more countries are accepting bitcoin. In recent past Germany regularize bitcoin. Countries with strong economies are regularizing bitcoin and rests are following them. It will take some time but finally bitcoin will take over the market and the entire world will use only bitcoin as their regular currency even in their local markets.