I personally view the regulations as going the wrong way. Cryptocurrencies were created to give people a path away from the heavy regulation in all other modern markets. That's essentially the point. People shy away from banks, credit cards, and debt, simply due to the level of information they collect, the lack of a free market, and the centralization.

So regulation of cryptocurrency will end up bringing in the same level of information collection and centralization that we sought to avoid. Think back to 2011 and 2012. That was when Bitcoin first popped up, and I think the attitude then was simple: "Finally a way to buy, sell, and trade in peace."

Regulation is good for the official government currency of a nation, but that leads people to want alternatives. I'd prefer them to be unspoiled.