We did kick against regulations when governments over the world suggested regulations for cryptocurrencies! It is now clear that the survival of cryptocurrency is dependent on regulations atleast to make the space appealing to investors! But like a wild fire that can't easily be contend, regulating in this space requires more than just "border regulations" as with exchanges, it requires an all inclusive approach that guarantees a documentation of well known crypto and teams behind them plus making them generally acceptable to stifle those issued by criminals to steal from unsuspecting victims! The technology is too powerful to be left in the hands of kids whose only dream is to make money overnight!!
It is quite ironic. In previous years, many people had the idea that the government is intending to kill cryptocurrency and even the blockchain to some extend. With the way things are moving right now, it is actually not the government doing anything but the very market itself making big corrections maybe on the basis of realizing that many of majority of the projects under this industry got no real value at all. We need regulation to stop the scammers and the hackers from making this industry another dead milking cow.