I have only one answer for present moment - we need no regulation now. Because market is small, and bitcoin using not a lot of people. It must be regulated only by crypto community.
State regulation of cryptocurrency is necessary, because through a certain regulation of cryptocurrency, its legalization takes place, and without legalization it cannot further develop. Without legalization of cryptocurrency by the state, the infrastructure for the practical use of cryptocurrency as a means of payment cannot be developed. Especially regulation is now necessary for the activities of ICO projects, no public scrutiny can eliminate the problem of fraud in ICO, this can only be done by authorized state bodies.
That is very true. If other people in the crypto market wants to stay stagnant and red for more years then don't support regulation. But if they are using their heads then push it and have faith in it. Crypto is not just about our own interest but it should be about everyone.