Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
Very strong global awareness that will focus more on the real use of cryptocurrency is really needed for countries that are against cryptocurrency to be inspired, and it would have been better if the awareness is coming from the top countries that they are looking up to for standard and better way of government, but unfortunately, not even many of those countries too are having that much faith in cryptocurrency because of its volatility and secondly because of the ways and manners at which some of these dark web agents are using it.
So before we can really see them accept cryptocurrency, they will first of all see the possibility of controlling and curtailing those activities which I think china is already doing, but will really take a very slow process.
increasingly thick legal policies do not deter anything to the blockchain industry. this technology is not funded using crypto and does not violate the rules, we need to separate the concentration of the system first.
The things that will be connected with crypto will start from the coins according to their provisions first. what is done by China is to prevent speculation circulating outside the essence, which is wildly linking various crypto with government policies towards the blockchain.