Why we need regulation ?

The main point of regulation is the protection of the investor. We are aware that one of the main properties of Bitcoin is that it cannot be regulated, that it frees the monetary system from any unwanted intervention and monitoring of the authorities. Nevertheless, while this idea is great in theory, it might be utopian in reality. The (Bitcoin) blockchain (a database held and updated independently by thousands of computers in a large network), is not supposed to be regulated, but the venues where cryptocurrencies are traded (also known simply as exchanges) still need to adhere to certain rules, mainly aimed at the protection of investors (traders and hodlers).