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 i doubt they can regulate a digital currency because of the decentralization,thiugh there are KYC thats happening but this is not enough to regulate the majority of the currencies.so my answer is simply they cant even how hard they will try.
In my opinion, the government can not control Bitcoin. Because Bitcoin is a crypto currency. Which no one could control. And in the future, it is also worth noting.
Thats what i am trying to say,impossibility is what the government will face if they insist of doing such