Yes, regarding bitcoin, there should be a regulation that regulates both from the government or from the Bank.
Some banks in the world state that bitcoin and other digital currencies are not legal currency or means of payment. People are urged to be careful of bitcoin and other digital currencies.
Not recognized as a legitimate currency or payment instrument, bitcoin can actually pose its own dangers. Bitcoin can be used as a means for financial criminals to practice money laundering.
Ironically, the auditor's money laundering practices cannot be detected by the Financial Transaction Reports and Analysis Center.
Bitcoin is currently a zone where law enforcement officials and financial auditors are also difficult to track and prove these criminal actions.
We must see some countries that accept bitcoin, one of which is the United States, where bitcoin is categorized as property for tax purposes. There is also Bitcoin seen as a commodity by CRA and this means the transaction is seen as a barter transaction and the income generated will be considered business income.