At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.
there are government who has power to stop bitcoin in there country despite the decentralised nature of bitcoin, this is not because the nature is no more valid but because of the power and authority the goverment have over the people.few likely reasons behind this attempt could be taxation, internet fraud and crime control mindset..etc.