Despite how some governments are trying to ban cryptocurrencies, there will still be a few governments, mainly the smaller countries like Malta and Singapore that embraces cryptocurrencies.
Cryptocurrencies will continue to thrive as long as there are at least a few countries that adopt it. Technology is frequently a winner takes all game, and the larger countries will very quickly realise that they are losing out on the game and will FOMO back in.
Japan is not a small country by any means. And they seem to be quite loyal toward Bitcoin and other cryptocurrencies. It looks like many people are seeing everything in black and white colors only, and whenever some country like South Korea tries to regulate cryptomarket, people are quick to jump at the conclusion like they are trying to ban cryptocurrencies. SK is not a small country either, though China which seems to be really negative toward Bitcoin is definitely bigger in every aspect.