Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?
maybe the government is worried if bitcoin is misused by its users because as we know bitcoin is very vulnerable to money laundering or very easy to use to hide money from proceeds of crime. besides that the government cannot guarantee if bitcoin is safe to be used as an investment asset