We often deliver news about a certain country acknowledging bitcoin or cryptocurrencies and immediately assume that it is good news because finally they will have clear regulations when it comes to crypto. Another reason why this is considered a pro is because people trust bitcoin more and thinks of it as official when endorsed by the government.
However upon inspection, sometimes you will realize that the government acknowledging bitcoin is not actually a good thing. First of all, the government's acknowledgement is limited to only being a speculative asset and not as a currency that can be used for official transaction. Second, their rules and regulations usually include AML and KYC which totally strips away investors' privacy and disregards decentralization. Third, governments only acknowledge bitcoin to implement high taxes which only drives investors away.
So at the end, not all kinds of acknowledgement is good.
It's a double edged sword. If you want bitcoin to be recognized by the state then you're going to have to play by their rules and generally speaking I'd rather them be pro bitcoin than anti bitcoin and therefore try to ban it and we'd all be screwed then. The good thing is is you can still choose whether you want to comply with AML or other such procedures and if you don't there are ways around doing so so you can still have and use bitcoin in the way you politically want to do so, but be aware there may be legal consequences for doing that. One positive aspect of them accepting or legalizing it properly is that the price is likely going to continue to rise in terms of dollar value and without government acceptance I don't think it would be where it is now.