Regulation comes in good and bad. Like the famous game engine company says. If you love something set it free, to give space to grow . Who will regulate the regulation ? Is it free from tyrrany ? Nothing is not .
It sounds like a poem but I won't want to see Ternion regulate by anything except Ternion itself
It must be regulated somewhere since will not start as a decentralized exchange and even then maybe they will go under some regulation (for example, I don't know why, but Idex delisted security tokens)