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?
The information I get is that the government is still conducting a study to accept Bitcoin. I personally see this Bitcoin does not have a standard price. So the government assumes that Bitcoin cannot be established. Moreover, the crimes committed through this technology are very likely to occur and it is difficult to become anticipated.
But our expectations are all of course that Bitcoin can be accepted by the Government and make regulations. They have a variety of security for anticipated crimes committed in the crypto industry. So it is no doubt for the government to regulate Bitcoin.
This is just my opinion and hopefully, in the future this industry will be much more developed.