I would not say so, they simply treat this market with caution and want to try to regulate it, which is very difficult at the current stage of development. It seems to me that in a few years everything will get better and regulation will be to some extent.
Why regulate cryptocurrency if it loses its main advantage-its idea ?
Many people choose cryptocurrency because of its anonymity, cheap fees and so on.
States see it as a threat to their regulated and controlled money , which means they will never allow cryptocurrency to circulate freely.
Perhaps the cryptocurrency will be partially legalized, but it is too early to talk about full acceptance.