Cryptocurrency exchanges are likely to target government regulations because they are people who hold and exchange cryptocurrency. Crypto regulations only have to force it to monitor the flow of virtual coins so that monetary authorities can track any transactions that will be used for illegal purposes. I think that can only regulate when we exchange between bitcoin and currencies in that country. the government cannot regulate bitcoin globally. it's just that they will issue regulations when we will convert to fiat currency ..
Right, your opinion can be clearly understood. in fact, the state cannot regulate the circulation of bitcoin, but it is possible to manage bitcoin prices. this is a high level of manipulation if the state plays a role in the crypto economy. countries can arrange exchanges and it is possible to apply taxes for bitcoin or crypto. now many countries have been open to bitcoin and are learning the technology that runs on bitcoin, like blockchain technology. In the future it is very possible for tax implementation to use blockchain technology, just wait.