If it's "regulated" what good is it? It seems imminent that both the US and China will have highly regulated digital currency soon so that they can retain contr

If it's "regulated" what good is it? It seems imminent that both the US and China will have highly regulated digital currency soon so that they can retain control and track citizens' cashflow. I think at that point crypto with the possible exception of bitcoin as a sort of "digital gold" will go into a death spiral. Certainly blockchain might survive though.