I don't actually think their laws will get rid of crypto.
A single country can not eliminate bitcoin, see the recent China FUD, bitcoin was down 5% to a price around $41000, but just few days after, the price soar to over $50000. Bitcoin price now at $57000.
yes you are right, one country will not make bitcoin disappear. no matter what their efforts, bitcoin and crypto will survive. so I think they're doing something pointless. even if the country were to withdraw from all things crypto-related, it would only have a temporary effect. and will have no effect in the long term.
Absolutely agree because china has also banned google, facebook, youtube, instagram, netflix,snapchat,etc. Doesn't make any difference in crypto also. If that's any indication, bitcoin will be just fine 100 percent. Many people are become panic about this news but don't worry nowadays crypto is a major economy. And most investors viewing this as an opportunity and not as just panic sell.