Decentralized blockchain is democracy software. Most govts and existing organizations dislike real democracy with its referendum consensuses.

So truly positive regulations are highly unlikely to be forthcoming in countries with established vested interests. Decentralized blockchain makes these vested interests, with established lobbies, irrelevant and obsolete. And it, like a new technology, eats the demand pie for their services. It's also neutral.

There's a conflict of interest. And if it's not decentralized, it's not a new technology, but simply surveillance. Which is per se harmful to science and innovation. Yet science and innovation is all that accumulates: binds time. Most plant and work surfaces depreciate and are replaced rapidly.

I refer to David Landes's thesis regarding why Europe had an industrial revolution and China did not. People simple walked two miles into another country when regulations due to vested interests prohibited this or that new technology. This or that new industry. Meanwhile the Chinese were unified for thousands of years. Neither area had better governments [LAN69, LAN98]. The same reason that in the 13th century made Europe weak to outside invaders made them technologically advanced world travelers and colonizers in the 16th century and the technology dominant powers by the 18th century [CIP65].