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?
I think the cryptocurrency must be a decentralized because many people in cryptocurrency don't want to be controlled by the government, while if it was a centralized the government can control the cryptocurrency. Yes some government in the other country are accepting or adapting bitcoin but not really accepting that much because they don't want to legal it.