When it comes to regulation, we could take cue from Japan.
“In April 2017, acting on the advice of the FATF, Japan revised its Payment Services Act. The revision included the legalization of virtual currency as a form of payment, as well as, new licensing requirements for exchanges operating within the country. Technically, Japan does not consider Bitcoin as legal tender because it’s not issued from any central government, but they do acknowledge that it can be used to purchase items.”
https://coincentral.com/japan-crypto-lessons-in-blockchain-regulation/