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 ?
I think its possible to regulate bitcoin and cryptocurrency. Government can regulate bitcoin or cryptocurrency as commodities and government can collect taxes from the transaction.Regulation needed if we want mass adoption on bitcoin and cryptocurrency