Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
Yep, we need more pioneer countries to try to regulate crypto to inspire more countries following the same path. I think most countries need assurance on how to prevent crypto being used as money laundering or funding for terrorism. I'm not updated on this but how is the regulation in Japan look like?
Eventually, all crypto will be regulated, and it looks like that's where most countries are headed.
I hope so. At least in my country trading crypto is not illegal.