I seen that cryptocurrency want to be highjacked by rich people, looking around countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.
From what I have learnt their main reasons that they ban Bitcoin is because of money laundering and also because they believe it is being used in sponsoring terrorism. I don’t believe that the government can completely ban Bitcoin, although there are some areas they can tackle, just like the mining companies, but banning Bitcoin and stopping people from making use of it wouldn’t be that easy because of peer to peer exchanges which are so many these days.
I think it’s even best if the government allows the use of Bitcoin and not ban it, because that means that a lot of people will be using centralized exchanges, and these centralized exchanges can help the government in keeping an eye on all these transactions.