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?
Cryprocurrency can threaten to government because cryptocurrency will soon replace fiat. No fiat, the government can not run a country and control the economic system. I'm sure that the government don't want this happen. that is the reason why the government always try to ban cryptocurrency all over the world.