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 reason why cryptocurrency threatens by the government because cryptocurrency is decentralized that they could not control it and some goverments in a country finds cryptocurrency illegal that they think it is not profitable. Which in not true, the only reason why other people finds cryptocurrency as illegal because there are some people who really use it to scam or trick other people.