The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.
As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..
By not controlling it, government risks its money being laundered. We all know how easy it is to convert FIAT into BTC and then sending it abroad. If we had to do it using the conventional method, then we would be asked tons of questions.
Although the government cannot regulate it, but it certainly can keep a check on the people by using a very rigorous KYC process. That way, exchanges can help the government in knowing which user is sending money where.
This obviously won't disrupt the regular users but would definitely worry the big fishes.