Earlier it was feared that governments would ban bitcoin.But later,it was thought that governments would only regulate bitcoin and so no need to fear about banning.But now,many countries have decided to launch their own digital currencies and in such a case,we could not expect them to promote and allow crypto coins as well.
I agree! Given the fact that banks have central command
and is strongly regulated by the government, whereas Bitcoin acts as no single network operating it. The fear for governments is due to the possibilities of banning Bitcoin and restricting its functions. The legality of Bitcoin takes effect depending on the regulation of each country, but not all governments in every country are limiting its operation, in fact there is an increase acceptance of Bitcoin in more countries.