When the cryptocurrency, "growing", it had to overcome serious compliance problems and regulations around the world. These regulatory issues are numerous depending on the country in which you are reading this. However, one problem seems to be repeating over and over again. Money laundering.
You can not disregard the system in which criminal activities take place. The code itself is of course not credible. People will find the way, the forks will be forced on them whether they want it or not. In this situation, regulation can be the only future.
How do you think, how can you create a central office system that regulates the cryptocurrency market? Without it, it will not be a legal payment system ...
Regulating a decentralized thing? Impossible thing to happen.
Talking about governments view about crypto which is definitely true and once they do have that kind of perspective from the beginning then changing it would really be hard. As of saying "First Impression Do Last".
Once decision is set then you cant do anything about it.