The Crypto space is one of the last truly free markets, albeit with a few too many bad actors at this point.
As the space grows, regulation is inevitable and as with current money and equity markets regulation will vary from country to country. For example, China doesn't like crypto because they will have nothing that threatens the RMB, whereas the UK just cares about the profits / income made and it seems just views it like Spreadbetting or Gambling for tax purposes.
Regulation will play into the hands of the big players; banks, investment houses, fund managers, etc. as they can set the rules and become the gatekeepers just as they were for stocks, shares, currency, metals, etc. for so many years. Great for them as they can soak up the profit for shareholders and fat bonuses and not return it to the crypto community.
I would hope the community at large comes up with self regulation to avoid this, thereby avoiding the draining of wealth into the pockets of those who's only goal is just that.
CBF