Most of the debate seems to be around "corruptible" politicians and how they want to control the financial system. Some purists in Blockchains are afraid of regulation it seems.

What does a world without regulation look like? In my opinion it is like playing with fire. It may cause forest fires or it may cook delicious meals.

In the interim, it is better to deal with a "known enemy" (personally I dont view regulation as an enemy). Decentralize regulation. If someone wants to create his own regulation, sure go ahead. Its just that your country's regulation may agree to trade with your regulation or may be not, based on what you have created. Negotiate well with your country's regulator, and get coins flowing across "your borders".