I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.
The government in my country recognized the used of bitcoin even though it was not yet declared legal. People here arr are using it as a form of payment, so far we dont see any sign the government would ban it.
There were countries who sees bitcoin as a threat to their economy such as Venezuela and China, those government sees the larger picture. Once newbie like us looks at bitcoin we would think that this would affect nothing but instead it is beneficial for us. But the fact is that, even we could gain profit from this,some Government dont see anything that this benefits them. Simply because they dont have the full control over it, because they dont have the full control, people could and tend do illegal activities which then becomes a threat for the government.
Yes the perspective truly matters. If we see from our point of view, i.e., the community's perspective, the picture is crystal clear. We are earning well from our investments, trading, speculations and campaigns. So clearly we don't have a problem with the Crypto market. But if you see the other side, government's perspective, the situation is entirely different. They don't see any benefits from Bitcoin. It is all the more a difficult task for them to accept and regulate Bitcoin because of the decentralized mode of operations. So they are reluctant towards acceptance. While certain countries like Japan and Singapore have opened their arms and welcomed Bitcoin warmly. They have their own perspectives to look at things and maybe it is their unique point of view that places them at a better position now.