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.
It is already expected that the government wouldn't straightaway legalize cryptocurrency considering the fact that it is decentralized and no form of government organization can have a power over it. There are plenty of countries already who disapproved crypto because of being too anonymous and also the cases where it was used in the black market or illegal transaction. Let us that sooner or later, a law would passed fairly so that cryptocurrency can be regulated all over the world for everyone's benefit and convenience.