The idea of private property and Govt tyranny never really evolved in Asian countries that got independence in the 40s-50s. The government was always seen as a benevolent overlord and it is an accepted fact of life that anything with a stamp of "Government" on it means they have overpowering authority over your activities, ethics and morality notwithstanding. This has also evolved because Govt is seen as doling out perks for the betterment of a population which has no access to resources for its subsistence. The over-population and non-equitable wealth distribution are factors leading to such a role.

The distinctive meekness of developing countries is very evident from the different ways that cops will treat citizens in a country like India compared to a developed country. The average beat constable or Station Incharge is the big bully whose trademark behavior is of subservience to those with political connections while browbeating the normal citizens. The nexus of local politicians and the long arm of law is a fact of life in such countries. People don't dare question matters of criminal/ civil law, let alone financial independence or a right to privacy.

With the banking ban on the use of cryptocurrency, it has been a trying time to take a stand on this. It is very easy for the govt authorities to point you out for a criminal offence if and when they pass a legislation that seeks to outlaw crytpocurrency. It isn't really so easy for this subservience mentality to change and see the Govt for what it is. A controlling authority complicit in the efforts to make ordinary citizens the most efficient and complying versions of themselves.