In my country Someone bought a BMW Car by scamming in crypto transections and Police arrested him and told that the guy was a cheater and he was a crypto scammer.And this case is now the most viral topic.This incident shocked the whole country and also the Central bank authority about how he got this huge money and this incident put a bad impact in crypto.
I think Digital Currency like Crypto isn't getting much popularity because of these Scammers.They are one of the most strong reason why Government's aren't showing interest on Crypto Transections.
Unfortunately that’s not the reason. The main one is that they can’t control Bitcoin transactions as it is decentralized. The government and banks wants control and centralization, but they can’t do it with Bitcoin because it has no central authority. This is why China outright banned BTC and crypto-related activities in their country because of claiming that it is a threat to their monetary system and the digital yuan.