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.
People are interested in putting their money in cryptocurrency and we know that the future is that of cryptocurrency and others will go down. I need to use bitcoin as my regular currency in my local markets for my daily needs. I am sure that in the near future governments will regularize bitcoin all over the world; even fiat currency will be replaced by cryptocurrency.