Totally agree, the government doesn't want to completely ban bitcoin, what they want is to control it. Banning bitcoin won't do them any favor, but if they can find a solution to control it, they will get a lot of benefits from it, especially the huge tax we will pay them. They always make threats to ban bitcoin but so far, they have not done that, they are just trying to buy time to find a way to control it. I believe there will be a lot of regulation for bitcoin and crypto this year, let's wait and see how it plays out.
They are always looking for reasons that regulation is a guarantee of user safety on the other hand they continue to issue crypto and bitcoin bans, from here we can see the relevance of these two points. So it can be concluded that they are not really banning bitcoin, but rather trying to control it systematically. While I don't want to go too far and assume what they want, it seems that so far they have failed to do so.
Because people increasingly understand that bitcoin decentralization in particular can provide a sense of security for the investments made, even though there are no regulations and any guarantees regarding risks, fluctuations and others, so these regulations can be said to be not too important.