Though its easy to see why governments would want to regulate the movement of digital currencies, the reality of doing so is much harder. A lot of wallets have no identification to them and rest on a server in a third party country. In the case of offline wallets in devices such as the Ledger Nano, theyre not connected to any network.so is it possible to regulate ?
No. That's the whole point.
People own and control their money.
Nobody cares what each government wants, they all want different things in different era's.
People want to own and control their money though...that won't change....it's a pretty simple concept.
And yet many people do not get the concept of self determination, I understand the desire of the government to have some control of the society because that is why we created governments in the first place, but now were coming to a point in which decentralized solutions are becoming better than centralized solutions and instead of understanding this the government is opposing the change because they do not want to lose their power.
Their power is directly tied to controlling the money supply....
Even if it takes 100 years, society will at some point realize "hey these people in government and politics manipulate how much this dollar Im supposed to value is actually WORTH.....maybe that isn't a good thing for me, my family or friends to continue"
It proved bad in Venezuela, starting to show in India, there are a ton of central banks that are continually screwing over entire nations though.
Some day the Fed might even have to allow that audit that citizens and elected official have suggested might be a good idea for the people in America....
https://www.trustnodes.com/2017/07/12/millennial-responds-yellens-refusal-audit-fed-bitcoin