That's unclear. From a game theory perspective you don't want to be the government that stifles your country by restricting access to a financial system everyone else adopts, so I think many are waiting to see how that plays out.
This sort of nonsense thinking is exactly why governments have been such a soft touch and allowed scam after fraud after Ponzi after rug-pull to bloom.
Fingers crossed that sort of time is over and the cryptocurrency space can be made to comply with regulations or be cut off from on-ramps.
