What is wrong with all these nations? First it was China which was trying to ban the Bitcoin trade. Then it was India's turn. And then we heard news from Nepal and Bangladesh, where Bitcoin users were arrested and detained. And when we thought that we had enough, there was a major blow from one of the most significant markets (South Korea). And now France as well...
This is the great problem that cryptocurrency encounter as of now and even in the future. The government did not want to exist this type of asset that violate any rule such as imposing of tax. Cryptocurrency also can be used as storage tool in money laundering and in crime.
We might be scared of this event but we must still pray that this would not be the end of crypto since many of us are just starting to cope up with the trend.