In the coming days when the government will legalize bitcoin and puts up regulatory rules and policies on the use of bitcoins it is a prerogative of the government to monitor the bitcoin transactions as well as your bitcoin wallet. For how many years bitcoin has been operating outside the hands of the government and many illegal operations especially in the black market is taking place without being traced. This coming events may be helpful to the stability of bitcoins in its operation and security.
No it's not like that. They are not allowed to viewed our bitcoin wallets even bitcoin will become legalize.
It's just as same principle as money stored in banks where a special request must be sent first before someone can look at your account and that will be same goes with the bitcoin wallet.
