Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets.
Yes, I agree with you, the government prohibits crypto to protect investors from that risk is not a real reason. I think they feel threatened by the existence of crypto. they don't like the competition brought by crypto.
Most government prohibit and ban bitcoin or crypto because many reason. Some government have reason crypto is used for illegal activity and some government have reason dont have regulation to regulate cryptomarket, but we must optimist government will regulate this market