Do you think governments are reluctant to legalize bitcoin due to hacking or other reasons or lack of knowledge for bitcoin to be legalized in all countries? What are the government's arguments for not legalizing Bitcoin?
Money laundering and terrorism financing! These two arguments are always given by the governments who have not legalized Bitcoin yet.
But the reality is very different - governments cannot control bitcoin! I believe that's the strongest reason why governments are reluctant to legalize bitcoin. Don't listen to the other reasons given by the governments because they are not telling you the truth!