What I am doing with my Bitcoin and where I am keeping it is my own business. Isn't this the whole purpose of Bitcoin in the first place? For people to be free of government watchdogs looking over your every step and spying on you every single day? But I guess Bitcoin getting legalized will mean getting it centralized as well and then unfortunately the government will have the legal right to audit your private Bitcoin wallets for tax purposes. But until then we can still enjoy our privacy or whatever is left of it...
Bitcoins are supposed to be private and can never be centralized by a particular government. I wouldn't allow the governments to look into my bitcoin wallets. Even though if bitcoins are legalized government won't be able to access everyone's bitcoin wallet. People can maintain their privacy.