I don't think it is a good idea to make it regulated by a country. If cryptocurrency is regulated by a country, it means destroying the "decentralization". The government also has a chance to manipulate crypto world in this way. And I doubt if it can solve the problem of security or protection among the crypto users.
That's how cruel some government is. They want to control the people, especially in financial. Financial freedom is one of the biggest thing we should have, especially now that technologies continue to evolve, financial freedom can easy to achieve especially using Bitcoin but here you go, government is preventing it. But still, Bitcoin will stay even have some regulations that against the Bitcoin.