Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
The best thing to do by the government is to study carefully crypto currency. They must its pros and cons and its benefit to the society. Crypt currency has a potential to overtake the regular currency maybe in the future. But for now maybe it is still cannot sustain all types of transactions involving money.