Over the years cryptocurrency has evolved into a global currency but governments are trying to sweep it's relevancy under the carpet. We all know that the eyes of the community are now opened to the importance and blockchain technology.
What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
I think the government is only afraid that cryptocurrency will not be able to control the income and expenditure of the country, so they cannot ensure that the cryptocurrency is suitable for use in the country or not. but not all governments do not allow cryptocurrency, because they also know that someday their country will need it