yeah Governments are introducing all these regulations to protect us? give me a break!
I remain of the idea these new regulations are unnecessary.
New regulations will only make it harder for great ideas to get off the ground and reduce opportunities for the rest of us. And as you say they are only getting started with the regulations and will only get worse.
If you believe the Government's demand for exchanges to identify clients is for "customer protection" I have some news: they want to know how much we have in our pockets to tax it! doh! Wasn't the "Declare 10lk crypto at US airport" regulation clear enough?
You might have a point that the average housewife or old dinosaur financier might be more inclined to invest in a safe ultra regulated environment, but it will only make the market more stale for the rest of us. The real opportunities were in the Far West...
Also interesting to see how many anarcho-capitalists turn into Statists if they perceive it might help the crypto prices. Actually everytime new regulations are introduced prices get huge corrections if anything. The correlation regulation=appreciation is unfounded. Cryptos would be booming no matter what.