Sadly yes! If you want more example how it works look at Japan, it has already regularised it and it's set a example for other countries. So basically they control the exchanges, how users buy and sell, how they have to report it. Plus all the documents that are required, and they need to file it in their tax files. Many countries are now waking up to the possibility of regulating it. Though I don't like it, but then that's the only way for them to use it.