What took them so long? They’ve already missed a huge revenue opportunity. This action was probably influenced global trend now and also maybe by Trump’s statement about considering Bitcoin as a legal reserve. In addition, they’re likely seeing institutional investors entering the space. In fact, the market is already so wide and globally recognized.

If they still feel the risk, then it’s clear the government lacks leaders with brilliant ideas. Risks can always be managed, but the potential tax revenue is something they shouldn’t overlook.