> This reveals the fact that regulation has nothing to do with the tool itself There are many regulations are about how certain things should look, for example

> This reveals the fact that regulation has nothing to do with the tool itself There are many regulations are about how certain things should look, for example, construction code, or food quality control. Even internet has been changed by regulation, like the EU data protection plan, it is just behind the scene, but greatly affects the way how company operates. So I don't think there is a clear cut between regulation and things affected by it. There are intrusive ones and there are reactive ones. As to Bitcoin, I think it is probable that the regulatory body will require transparency for recognition of its legitimacy as a demand.