We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
Whether or not the government approve Bitcoin as a legal tender it does not matter because of the fact that Bitcoin is a decentralized asset. It's just that they will regulate exchanges to counter the so called money laundering thing and also Bitcoin used in any illegal activities. But even though they has strong implementation of law against Bitcoin or cryptos I don't think they can control it totally.
This seems to be correct, people put a lot of weight into the approval of governments, but that is not going to change anything at all about the nature of bitcoin or cryptocurrencies in general, so I have never understood what it is the obsession of people with getting the approval of governments, I know that if we got it things will be a lot easier for us and the technology in general but we should not really expect that they approve something that goes against their own interests.
So I think it is way better to assume that we are never going to get a full approval from most governments of the world and that they are going to try to make the subject even more difficult to understand by releasing their own currencies but it doesn't matter because cryptocurrencies are going to be beat them.