our local currency is manipulated by our government. Yes, it has a big effect on the local currency,they know how much the demand and also the value of the foreign exchange. I guess that was mostly government thinking of that people may be used bitcoin to have an illegal transaction and easy to make any action against the law of the country.they think also that bitcoin may be the big competitor against the banks near in the future
yes I also agree because with the existence of this cryptocurrency. the country will be helped, the economy will develop and will reduce unemployment as well. but maybe countries that have not legalized this fear if one day their currency will fall. because cryptocurrency is still fairly new, and they might not understand it. if they understand it maybe they will all legalize it.