That is not the problem here, if there is "no correct regulation" all they can do is either create one or block it entirely, the latter is the wrong way to go as they will be missing a big opportunity for their country. When taking into consideration you will know that the world of cryptocurrencies is a big opportunity for their country's economical improvement that is why most of them try to adapt and include it in there system with regulation. This way they can both protect their citizens as well as their economic interest without banning them right away.
Well, it would be a win-win situation if both the government and the crypto enthusiasts would come to an agreement as to how to regulate the cryptocurrencies. If the government would not focus on the negative effects of cryptocurrency but they will take a look as well to the positive impact it would bring to their country then there is a chance that the corruption would be lessened which would be a step forward to have an honest government.
As for the crypto enthusiasts, it may seem that we would lose our aim of being free of control by the government but we cannot deny the fact that we still need their approval so that mass adoption would happen and make bitcoin truly a currency and not just speculation purposes.