On the contrary, This increasing list (countries that banned it) proves otherwise
. I can understand their fear especially when something comes out of China
. Having said that, it is cheaper and more efficient than the competition so I believe a lot of propaganda is also going on from established players.
It looks like the US and China always have opposite views, just like with Bitcoin, where China banned trading while the US kept it legal. Now, we’re seeing the same pattern: the US bans it, other countries follow, and if the US hadn’t made a move, it’s likely no one else would have either. At this point, it all comes down to who has more allies, and in this battle, the country with the strongest global influence will come out on top.