But we should ask ourselves how bad is regulation?, some months ago we have the Fintech regulation in México and that bring order about crypto business, that way anyone could have their own crypto-related business, so, for that kind of moves, bitcoin regulation isn't bad at all.
But if the government uses the regulation to start investigating al their crypto users then we have a problem
Exactly. In fact, most governments are concerned about the misuse of cryptocurrency for illegal activities, thereby limiting their mobility. However, if the government is in line with the cryptocurrency scheme without interfering too deeply in the case you explained, then that is no problem.