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Regulators try to control exchanges wilth a biq liquidity and big volumes of trade. Small sums of money not interested requlators.
This is what can be done at the beginning. When they collect more information, create the necessary structures, they will be able to control even small cryptocurrency transactions.
State authorities want to contrall everything. But it will be a very big job to control all the transactions even a small ones. There are so many cryptocurrencies.