I don't see this going in the direction of a heavily enforced response, although some places may talk big. While a collective ban is rationally sensible, nations are made of individuals and every person will do a calculation of personal benefit relative to national interest. Crypto is valuable as a refuge, so a recurring story is currently playing out in destabilized nations all over the world where crypto is used to escape the inflated local currency: the government gets wishy-washy about what it's going to do with the stuff, with different officials taking wildly different stances according to their
own self-interest. They talk of a ban, and then of national cryptocurrency, and then of nationalized mining. Everyone is looking for safe harbor but pulls in a different direction.
Focusing on controlling onramps and offramps to cryptocurrency, like controlling goods import/export, is a relatively straightforward compromise to this internal dilemma and allows the government to be a player in the space without much direct oversight, even if some folks are slipping through the cracks. A sloppy, haphazard enforcement is likely to prevail.
And there's another way to reassert state control within that framework. If the bad cryptocriminals come for your stuff, the government can bail you out - if you play by their rules. The loss compensation mechanism is a simple plan to mitigate dangers, since it's easy for governments to create and redistribute credit internally and doing so can build consent.
Submitting to this framework does mean that the government is truly in competition with decentralisation to provide a better, more trustworthy service to handle central credit, and has to massively step up security efforts in the process. Everyone started "asleep at the wheel" on this, with individual tech firms all building out their own insecure house-of-cards fiefdoms and relying on the intellectual property law framework to keep them up. But everyone knows it's flawed - of course you can copy, what's important is if you can get credit, and that part is also changing with the crypto sector - assignment of credit is the whole thing of NFTs in a nutshell. The nation that can grasp this the quickest and turn it into a coherent part of their economic framework will cruise ahead.