I always wonder what might be the reason of centralised authorities not accepting the power of Decentralization and then found the reason,if so decentralization becomes the only means for the transactions then most of the regulators and authorities might be jobless and so they are putting maximum to let down this technology by creating a hype that all the crypto currencies are scam and you can making nothing out of them investing,so we Crypto enthusiasts need to put our maximum efforts to empower decentralization .
Who told you that blockchain would make regulators redundant?
I don't think that is true honestly. Yes, it does take away the intermediaries out of transactions and settlements, which is obviously an advantage since there is no risk in terms of banks freezing funds or not processing payments, on a global scale especially.
But regulation is still going to be there. Blockchain can't be regulated itself, but certainly exchanges and other companies that offer a product revolving around blockchains are still going to be regulated. We're actually seeing a lot of governments right now actively trying to monitor and regulate the crypto trading scene at the moment, which is quite controversial in terms of its results.