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?
Main reason is cryptocurrency's decentralization. Cryptocurrency's freedom of will to have the control over itself threatens the power of the government to have the upper hand over everything especially about money. That's why there are countries that are completely against cryptocurrency because it makes people somehow separate from the grasp of the government, making the latter lose access of the money.