global bitcoin this regulation seems indispensable for bitcoin circulation of some countries to be used for transactions and can be used to be legal tender and can be used for all payment platforms.
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.
I don't think regulation is mandatory because you can still use and invest in Crypto even though there isn't any regulation right? but regulation indispensable for the development of cryptocurrency, mandatory and indispensable are two different things. if there is regulation, it can certainly accelerate the spread and development of crypto