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?
This happens because banks and governments have grown powerful thanks to their privileged position and they do not want to let it go, I understand them since if you were that powerful you will want that to continue forever so they are trying to use their position to slow cryptocurrencies, but as we know that tactic is not going to work forever since the reasons why cryptocurrencies were created on the first place are still there and they do not want to change them.