So if a cryptocurrency is regulated in a country, does that protect the citizens that are using it? or they just allow the usage of it in the country? I will lock this after I got a satisfying answer. Thank you. [/b]
the only positive thing about regulations that i have seen was speeding up adoption. for example merchants adopted bitcoin more when Japan regulated bitcoin a couple of years ago and accepted it as a legal way of payment. it is not needed for adoption though since bitcoin and some of the other cryptocurrencies are decentralized.
everything else such as protection,... either doesn't exist or is not the focus. the main focus of regulations for government is for taxation purposes!