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 am always believe government can regulate cryptocurrency because government want to collect taxes from crypto transaction. They can regulate cryptocurrency as commodities like other country and i think that is win win situation for crypto community and government.
Crypto community have regulation and more relax with their investment and government can collect taxes from profits and transaction