There's so many countries banning bitcoin now that it affected all alt cryptos as well. wonder when it will actually recover.
Beginning of new phase for sure.. People voice will change things .
It can be slowed down but not sure they can BAN it completely, they could probably try to control it by some kind of regulations due to money laundry and taxes.
Like you said, "new phase", and that can actually be good, because if they say: "BTC can and must be taxed", then they admit that has a value.
With regulations being imposed, this mean that cryptos does not have its own meaning anymore. If it can be taxed, mean it will be traceable thus defeat the purpose of cryptos.
regulations is not a issue as it will be taxed only when you convert to local currency.
However the other side is using crypto as local currency, Unless they ban port access, you can do wallet to wallet Tx and it difficult to track and even DNR is anonymous.
The biggest trouble is mass fluctuation in Cryptovalue making it difficult to pay as currency in local trading rather Al crypto are cating as a stock chip against fiet currency