I think regulating crypto will be a huge challenge for the world governments. Look at any of the existing data structures - they are all online for you to see. Can you tell me who bought what? Even though the governments would like to think they are in control of this - it truly is beyond their control. In it's present form. Tracking IP's will be useless because secure SSL VPN's can be used to conduct network transactions. This would obscure any IP address and geographical information. A person sitting in Hawaii could appear to be conducting a transaction in Iceland. Unless all the Governments could somehow agree on a uniform regulation - it probably will not happen. I imagine the countries that opt out of such regulation would become the equivalent of "crpto Switzerland".
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