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.
It is, regulations were supposed to protect their own citizens but sometimes this wasn't enough to prevent their people out from scams and other fraudulent schemes. And if you will take a look, even if we are in the physical world regulation wasn't enough bu rather just to lessen the risk of getting involved in such schemes that would harm their people.