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 government limits crypto, aims to limit transactions that can be said to be anonymous, and prevents money laundering, perhaps one of the glasses we need to know. because it will be very dangerous if that happens, maybe for crypto hunters it does not matter, if on a global scale it is necessary to guard, because it will harm many residents who do not know cryptocurrency
more citizens who do not know cryptocurrency than those who already understand it, of course the government protects more citizens, except in a country where the majority is a bitcoiner, of course the government will consider it, if it is deemed beneficial for the progress of a country, for example from the tax sector