In some countries, for example, in Japan, cryptocurrency is recognized as a financial asset. At the same time, electronic money is not considered legal tender, but is considered as a means of exchange.
What you say does happen at this time, many policies of a country do it differently. some legitimize crypto to be used as a tool for transactions, some also do not recognize it as a legitimate payment instrument, but may only be a means of exchange, and some do not recognize it at all. stay back to each country treats.