Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government for why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest in Bitcoin or to use Bitcoin as a means to acquire goods and services.
Bitcoin will be more effective in the future because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.
The question is who is regulating cryptocurrencies. There should be a proper system in place to use the cryptocurrency. The first question is The government should be regulating cryptocurrency to avoid the wrong practices. Digital currency is not a wrong idea. The idea of using unregulated cryptocurrency is wrong. It's all about not letting this currency fall in the wrong hands.
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