I think government actually do all this sometimes for selfish reason, I say this because most government feel they can't control and regulate this coins they tend to put a ban to it and lead their citizens to the use of their controllable fiat currency. Cryptocurrency especially some coins that have gained reputable like Bitcoin will be hard to stop even by the government themselves because when it comes to painting with scam view, people still tend to use it because if the consistency and reliability of it over the recent years and this view of Bitcoin covers every other cryptocurrency out there.
You are absolutely correct Mr DaNNy001 on this, I think reasons for government having this negative behavior towards Bitcoin is because of their selfish reasons. You know due to the authenticity of Bitcoin and the ability to track wallet address in the blockchain explorer i think, it tend to poss treat to the government as most of them engage in fraudulent activities. Don't get me wrong, I know what I am saying, in the year 2018 we were told a
snake crawled into jamb office and allegedly swallowed 36million naira, just imaging the rubbish. What do they take us for, a fool? I believe this is a clear evidence enough to prove that I am not saying bullshit, I am fucking tired of the system and how they have denied us the ability to freely make Bitcoin official in the country.
Ah! I think you are talking about the story of the great serpent that actually swallow money, it's now become a famous folktale among citizens of the nation but I think the view to which am pointing at when I made reference to the government being stingy is that the fact that with cryptocurrency the challenge of third party involvement is cancelled out and people will no longer rely on the CBN for their income regulation of which posses a treat to the system because the government cut all sort of taxes and manover the rate of citizen income.