Bitcoin is indeed above government regulations, but each country or government has its own rules or regulations. The government will not fully regulate Cryptocurrency they only regulate the entrance but not for the inside.
They won't be able to ban bitcoins and worldwide users like I know they will try to manage bitcoins/ want to embrace bitcoins and drag bitcoins with them because they crave and want bitcoins but obviously Obviously, they won't be able to do that. The evolution of always open, decentralized technology will welcome the world in the next few years.