Of course, Cryptocurrency threatens the government. There is a cryptocurrency aspect that weakens the power of the government to control citizens' money.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
Well, if the government is aware of the benefits associated with crypto taxation, I think that this will make crypto accepted by the government.
Taking taxes out of cryptocurrency investors is proving to be a very hard battle to win, and they are realizing that now that there is a very low number of persons which are using cryptocurrencies, the costs of trying to get taxes out of people when bitcoin becomes widely adopted are going to rise dramatically and it is going to be impossible to tax people at the current levels if cryptocurrencies become widely adopted.