government participation in crypto is actually not transparent, the government only wants to take advantage of crypto by setting taxes that must be issued by each user through local exchange, even the government has supported local exchanges to turn Bitcoin into Fiat and behind all this there are black and white provisions ( official cooperation) between the government and related local exchange management.
Your opinion is correct, they are too focused on the tax but not on the regulation to minimize the risk of investing in the market.
Not really what we are expecting, it looks they just want for us to have a responsibility to them but they don't give something to us to improve the market.
If they can only make this market more secure, many investors will not be afraid to risk their money, and it's a win-win situation as the increase of adoption will certainly result to the increase of their revenue, are they thinking of that?