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?
We cannot really blame the government for being too careful, we all know how secured and anonymous the users of crypto are and that will always going to be that way no matter what. We can also see it as a decentralized currency so it is normal that the government doesn't have a hold on it. There will be a lot of adjustments first before crypto gets accepted by the government, we should just be very patient about it if we want it to happen for real, but if not, we should just be contented on what we have now cause our investments would totally change if crypto gets legalized.