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.
When I got into this newly, people said the reason they use Bitcoin, which is the also the reason why it was made, was for them to have freedom from the government controlling their money. So if thats really the purpose, why then are we looking for regulation? You know whats likely to happen if the government get into this so Im not support of it.
And by the way, we dont need much people in this, only those who are interested to make use of Bitcoin should be here. I have also noticed that newbies are coming here with the intention of making money and not for the purpose of using bitcoin. I no longer see people that loves Bitcoin, all I see is greedy people who come here cause they think this is a money farm.