I agree that bitcoin or other kind of cryptocurrency should be regulated. Regulation doesn't mean that we have to give up our freedom, but instead, rules protect us from scam stuff like that.
Basically it is too deep if we consider that if there is a regulation, we are going to give up our freedom that easy. I think what they just wanted is that, to maintain a standard of the cryptocurrency. That doesn't mean that these regulation should impart too much on a project, they should not affect the process of projects once they've already verified it.