Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?
Definitely both! Some government will recognize cryptocurrency. The government that knows the advantages and regulations of cryptocurrency will make an effort to make the economic system more transparent. But some country, there governments trying to ban everything in cryptocurrency. They are afraid that it will be used in illegal activities since all transactions are anonymous.