If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
Though government must do action to keep the people safe,but it is our obligation to stay away from this scammers and ponzis and pyramiding.because aside from everyone,we must be responsible for our money because rhis is our hard earned.so stop putting the blame in government if. We become a victim because more than anything it is our fault