Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Governments dont understand Bitcoin and want to control it. It is true that Bitcoin and other cryptocurrencies will be disruptive to banking as we know it. This makes them want to hold Bitcoin back. Governments also want to make sure they get their taxes from us as well.
everybody is afraid of the unknown, govts are banning bitcoin because they cannot penetrate blockchain technology, they are banning biycoin because they cannot taxed it, they canno identify the users, thanks to the algorithm of bitcoin system, it is intended not to be regulated, it is designed to be anonymous.