It is yet unclear or uncertain how bitcoin can be regulated, especially with the transactions which they represent a difficult part to control, so the balanced regulation of bitcoin might be achieved partially and it is by the regulation of the financal exchanges between the user and the government but first bitcoin has to be accepted as legal currency or a legal payment method and that would be possible and also smart because if someone wants to exchange bitcoin into his bank account he will be obliged to pay taxes, so the government will be able to control and put bitcoin under a law and get fees as well.