Why are some embracing it while others seek to regulate or restrict Bitcoin??
All that was label against bitcoin about being used for fraud or illegal activities and all that, are the problem of bitcoin to them, the fact is that government sees bitcoin as a threat to them because redefines their own definition of money. which means that money can only be regulated and control by the bank. they believe that they have the right to print more money out of thin air which causes inflation, but bitcoin limited in supply and the blockchain system makes it hard for them to control bitcoin. government believes in centralization but bitcoin believes in decentralization which consist of the node network. so in summary bitcoin is a nightmare to the government that's why they kick against it so badly. but however most country in the world have started to embrace it because they have seen the brighter side of it.