If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
I am certain that no matter whereyou are in the world or from whatever region you are coming from the government you have will always be watching over cryprocurrency. This is because a huge amount of money involved that could definitely change the economic status of a country. Change for what is better isn't bad. But since it could involve loses then for sure the government ,
Is just watching and will intervene at the right time