Bitcoin Forum

It's known that crypto investment has brought about good impacts to individuals and organizations that has invested in the reputable and reliable cryptocurrencies such as bitcoin and those who had been lucky to make prospective incomes in the AltCoins.
Conditionally and unconditionally a lot of countries has been against Crypto currencies to be be adopted and exists in their countries despites the potnetials of bitcoin that has helped the masses to reduce the rate of unemployment and has also served as Alt source of incomes to some person's.
With all these said, Bitcoin and other reputable AltCoins deserved to be globally embraced without a margin of sanctions just like the way some countries does.
So I'm wondering if bitcoin existence has ever possesed any potentialities to bridge the countries Economic growths whereas the adoption of bitcoin doesn't give the countries economy the chances to grow. I can't just get it right why a government would have such sanctions on such development like bitcoin despites its potentials and how hail and willing the messes are to have it existing at their door steps.
Are the government self-centered?
Are they protecting their citizens from an omen that the cryptocurrencies portrays?
Or they're just being awkward from embracing digital developments?

I think they are self centered because the government are not considering the benefits that bitcoin can provide to the citizens. They are only focused on the negative side of how the citizens can utilize bitcoins and the disadvantage for them. Country that have been able to look beyond negative side of bitcoin have been able to embrace the innovation because of the positive effects it can have for the citizens.

Crypto isn't really doing much for unemployment, they crypto jobs are incredibly scarce. And investing is also not something that has big impact on society, because so few people are doing it even if crypto is legal. So the impact of crypto ban on GDP or wealth can't even be measured because it's so small.

The governments that ban crypto are authoritarians who ban everything that they can't control for the fear that it will be used by people to weaken their control.

Government will ban anything their don't have control over and decentralised cryptocurrency like bitcoin are one of such coins that the government can never have control over, or interfere innit transactions, this is obvious a threat to some of the countries leaders who lack the ability to properly understand the role that bitcoin plaus in the economy both at individual level, or institutions or government, but for the fact that just a low percentage of people around the world know and use bitcoin, government believes that the could eventually easily eliminate it when the feel it threat to their economy.

Most of the counties that attack bitcoin, are those that have not economic prosperity or any plan or programs that can help boost the economy and the lack of that have resulted in many of them having a misplaced priority and seeing that cryptocurrency is the enemy of their economy and they tend to attack it with either an outright ban or blankets ban in form of harsh regulation.

There are many reasons, and the main reason is ignorance of this great technology and also the fear of disrupting the already shaky financial or fiat currency ecosystem and also because they cannot control it.
crypto cannot reduce unemployment because to get involved with crypto one has to have enough intelligence and knowledge so that they can actually make money from crypto and that is not easy either. Because if the government doesn't support it, they won't know much about crypto and will only know the name, and only those who have intelligence will know and develop it themselves in their own way.

Self-centered is the most likely explanation for their problematic approach and embrace on bitcoin and other cryptocurrency, maybe if we're high ranking officials in the government that's involved in finances, we would know the real reason why the government don't like the idea of bitcoin ever being a thing. Or in truth, the real reason why they don't like it is basically what you've said, that it gives the people the freedom that they need, I mean a free kind of people is definitely a big deal to them because those types of people can never be influenced to do their bidding, remember that hunger would lead you to follow people that want the power by giving you false promises but bitcoin and most cryptocurrency can help you resolve that hunger and that way you're not looking for these men giving false hopes so that's one of the reasons why I think bitcoin and cryptocurrency isn't popular with the government.

Do you know that regardless of the independence status of some countries, they are still under the influence of the opinions of some other countries that maybe colonized them, or they look to as superior to them.

Sincerely, the opinions some government have toward bitcoin is not personally founded, they are sometimes the adopted opinions of some other government.

The government is also likely to look at the demographics and technological literacy of its population and some law enforcers are competent in this field. Despite its benefits, cryptocurrency has been known to have many negative sides related to crime.
Crypto is by no means beneficial to everyone, some sad stories that crypto was the beginning of a bad experience while law enforcement couldn't help at all.

There are some countries where people are still not fully aware of crypto currency or bitcoin, maybe some people know about it but still they can't use it properly because there is no approval of crypto currency or bitcoin in those countries. Although Bitcoin is not approved in those countries, many e-commerce companies exist in those countries and people invest by selling their land deposits in those e-commerce companies. When such e-commerce companies cheat customers, it shows how emotional and greedy people are when they sell their assets and invest in these e-commerce companies. When the government notices all these things they decide that they should not take any action regarding bitcoin because if bitcoin is legalized in their country then people of their country will sell their houses and invest in bitcoin. One should never be so emotional when it comes to investing.

You are not thinking hard enough, whenever a new technology emerges, it affects the created interests of powerful and average people, just take a look at the most recent developments with AI and you will see a lot of people that lost their jobs because of it.

So which groups of people get affected by bitcoin? Politicians and bankers, politicians see in bitcoin a threat to their fiat monopoly and their ability to tax their citizens with the inflation tax, while banks are affected greatly by people becoming their own banks, now tell me, is it that surprising that those two groups of people are against bitcoin?

Truly cryptocurrencies have been a plus to the finance of individuals, corporate organizations, and even nations but not all of these bodies have been fortunate. Some altcoins have made people lose money because they are nothing but scams. Some crypto service providers such as exchanges and custodians have also added to the problems in the sector because of a lack of transparency in their operations. Few criminal agents like hackers and others sometimes use cryptocurrencies to make or receive payments.

The general reason why some governments are against cryptocurrencies is that they decided to focus only on the few challenges associated with the industry rather than the numerous benefits it offers. Most politicians are scared of losing control over the financial sector of the country so they will always refuse any decentralized currency. Many countries will embrace cryptocurrencies if they have put in place the right mechanism to regulate and control the sector, thereby centralizing it.

The claim that the reason for anti-crypto policies is to protect citizens is far from the truth. If the government wants to protect its citizens against bad actors, it will promote cryptocurrency awareness and education. Setting up effective crime and scam monitoring agencies will also help to protect citizens from scams will also be helpful.

Bitcoin and alts have the potential to spur economic growth, but there are also risks that need to be considered. Crypto adoption will depend on its ability to address government and user concerns. A field that helps earn income from investing, trading, or using crypto in economic activities will create an attraction that no one wants to ignore. But it is true that there are also many issues of illegal activities, causing the government to introduce restrictive measures. Although opposing/supporting, the decisions of the government in some countries are not all because this is a decentralized space. We can talk about the necessary centralization relationship, but if it is too imposed, it is counterproductive.

some countries need to take time in recognizing new things, slowly they will know the benefits, the fact that the US approving ETF of bitcoin could be one of the reason of the sporadic adoption of cryptocurrency in the future across various countries.
the possibility that I could think of as to why they are sentimental against it is because they just don't really understand about it, we all know back then when internet first appearing it was called out to be just a fad but turns out its something that really revolutionizing the way the world works.
its the same with bitcoin its technology it needs time to be adopted properly.
I'm sure eventually once many countries starting to accept it whether as a mean of investments or something the other countries that are hesitant will definitely make up their mind starting to research the advantage and disadvantage of accepting it eventually.
it just only matters of time.

There are 2 attitudes taken by the government in responding to Bitcoin. Firstly, the attitude refers to the financial system where they consider that Bitcoin is uncontrolled and cannot be sure where to seek accountability if its value is lost (in their opinion, this is because a system like this is not what they adhere to). The second attitude of opposition is based on the context above, simply because it cannot be controlled, so it is the government's obligation to warn the public to be careful or avoid these assets. Then the government took the step to prevent loss of control by taking the decision to ban investing in Bitcoin completely.

But not all government have this attitude, like in my country the government is open to Bitcoin but with a note that it is well regulated and creates a centralized exchange to ensure that every transaction can guarantee its security. The point is to allow them to operate but within their reach. Charging taxes etc. is included in the local exchange system and ensures user assets are protected.

I don't know whether it has a bad impact on some retailers or institutions in a country, but if the news spreads like this then I don't think anyone will be able to stop it, they are forced to join because BTC has also been very accepted in power countries like the USA, even their president is pro against bitcoin now.

1. They're worried if they make mistake, considering cryptocurrency is new. But since SEC has been accept Bitcoin ETFs, this would encourage other country to unban or accepting Bitcoin as a commodity instead of in grey area.

2. Nope, if they want to protect the citizens, they can accept Bitcoin and avoid the other cryptocurrency. Actually government didn't protect the citizens, is there no banks and stock company went bankrupt?

3. Probably, most people who work in government are old.

They are protecting their own government because Bitcoin is decentralized and they can't just rely on it just because we're too optimistic about it on what it can do economically and financially to individuals.

There are always safeguards that are coming from the government and even if us, as individuals sees the light and good things about it. There's always the different side of what the government can see within them.

But don't take them as in general that all of them aren't willing to adopt Bitcoin, a little by little, many are starting to realize what bitcoin can contribute to their economies.

Countries have different political systems and societies have different relations with the authorities. If we're talking about authoritarian countries, of course they focus on controlling their citizens, so cryptos aren't welcome there because cryptos make citizens more independent and more free. If it's democracies we focus on, they can also be pretty different and have different priorities. Sometimes cryptos are legal but usually recognized as assets rather than currencies. This way, people can invest in them, have some profit, pay their taxes, but cryptos aren't a threat to local monetary policies, fiat and banks. It's also worth remembering that while cryptos can bring growth, they can also bring devastation if people aren't attentive enough with how they store their coins, where they keep their passwords and private keys, or if they simply can't take the volatility and sell at wrong moments.

I see this in two aspects, first is that people get too much feed from social media about the bad use of Bitcoin add this with the movies too so they are afraid to adopt or even use this innovation, next is the government, which could be they didnt support this at all or they prohibit the people from using the bitcoin, we cannot deny some of the countries already banned the use of the bitcoin, we cannot push other people to adopt this but to the people who have this and earn with the help of the bitcoin good thing to us.

Yes government is self centered. The group of majority in government are suggesting decision and policies that will favour them, their families and friends. If it is not good for their businesses then they kick against it.


Nope because the currency itself doesn't portray any omen. If you invest in bitcoin then you are free from any scam but if you invest in altcoins that are not yet listed, they may not eventually listed and that means you can't get back your money. Therefore, invest in coins that are already at the top.


Government like control through regulation and you may not totally regulate what is happening digitally, moreover Bitcoin is decentralized which makes its control not visible. Therefore as expected since government can't regulate it by themselves, they try to frustrate it existence.

It sounds good to hear that the government is concerned about the potential misuse of crypto in illegal activities like money laundering and tax evasion, assuming they have no hidden agenda. However, this concern may persist, especially if the constituents lack trust in them.

Perhaps they shouldn't interfere with how investors use their money. Yes, it's their job to provide protection, but I believe they should focus more on creating awareness and educating people about crypto. They should consider the positive aspects, as many lives have improved and unemployment has decreased due to crypto, rather than just being cautious.

I hope they can find a way to embrace the benefits of crypto while ensuring the safety of citizens. It's essential for them to be cautious but not against progress, ensuring a smooth coexistence with the presence of cryptocurrency.

We do know that not all countries government will really be that optimistic or really that agree on letting things to hover out on their vicinity on which if they cant be able to control it then they would surely be that
negative about it and this is something not really shocking. There might be those who are on negative but there are ones who are really that positive towards it. Now we've seen about those ETF's then this do definitely shows that there's really that a potential that it could really be ended up on a full scale. This is really that something that will really be that just that depending on them but as an investor
then of ourse it would really be just that wise that you should really know on how to go with the flow.

The main reason why I think that some governments either fully or partially ban the usage of Bitcoin in their countries is because of control, they probably feel threatened by a decentralized digital currency that their apex bank can not fully regulate it's usage. I think that this mindset is myopic, because a country like El Salvador, that has fully adopted Bitcoin, is having a massive ROI in their reserve, in this bull season. Many individuals and organizations in every parts of the world that adopted Bitcoin are also doing great

It's true that Bitcoin might not reduce employment for majority of citizens in a country, but to those that are knowledgeable about it, it'll serve as a good investment option for them, not forgetting that it also creates employments for those in exchange p2p.

The government is concerned that most cryptocurrencies are decentralized and can operate without any official authorization. I think one of the many reasons of why the government is against the adoption of cryptocurrencies is because they are afraid of illegal activities being held through cryptocurrencies.

It is definitely possible and it does not mean that you don’t do it that it doesn’t happen. People definitely do take advantage of the privacy that cryptocurrencies offer and use it for illegal activities. I think another reason is the way cryptocurrencies go against the very concept of banks. As we all know governments and banks go hand in hand.

But so far, I have seen some governments as well as banks accept crypto so we will have to see how others would react in the future.

To be honest Bitcoin won't give any threat to the government as long as they didn't accept Bitcoin as legal tender, so they didn't give a chance for Bitcoin to replace their fiat. People might prefer to save their money in Bitcoin, they can tax it, and not all people will save in Bitcoin because there are still a lot conservatives.

Accepting Bitcoin is a win-win situation because Bitcoin won't cause any harm.

Most countries' governments are self-centered because they think that there is no benefit to be gained from bitcoin, even though this is not really true. And there have been many countries that have banned bitcoin, which they later revoked because they also came to their senses in the end.

And the other countries that have banned bitcoin or other cryptocurrencies now have taken it back because they probably know that in the upcoming bull run they will benefit from profit if they invest in bitcoin and even in the top altcoins market as well.

The government is also afraid that the role of their business entities will no longer run normally, for example banks, where if people's interest in saving money will decrease and they will switch to using their funds to invest in crypto, it is no longer their place and banks will only be used as a means of withdrawing fiat.

In fact, we know that with a lot of people's money deposited in banks, there will be many activity items that can be developed by the banks themselves using customer funds, including cutting admin costs and the credit benefits they offer to people who want to apply for credit.

OP, the government has misfeeling about crypto and bitcoin in general, they feel that if they allow crypto to scale though, it will end up reducing the attraction of individuals to traditional banking system which we know that the government benefit directly from it, any system that is devoid of censorship can never be supported by the government, they know that bitcoin is a good investment as far as money is concerned but allowing it existence is like a threat to the existence of the local currency which the people in power loot to perpetrate their evil.

The government knows that it is almost impossible for them to ban or put restriction to individual adoption that why they have been trying their possible best in trying to frustrate any move of crypto dominance which has proven abortive.

There are a number of reasons for that. First of all the rich ones holding the markets up with their wealth do not want someone to get profits and come to their level.They want to rule on poor people with their wealth. They want everyone to be their slaves by workers in their companies and ultimately they'll get benefited.

The second reason I think is that the government cannot control crypto much they cannot impose taxes they cannot take commissions on transactions etc. So issues like that don't allow them to pay much attention to this issue.

  I wouldn't really call it been sentimental.. While most of us will see only the negative sides, there are also things the  government see that we the citizens do not see.. even the most advanced countries are still shaky about the cryptocurrency market..

  The United States (U.S.A) is one of such countries that aren't really buying into the idea of the cryptocurrency due to the dollar value... We all know it will be a very simple task for the US government to push the crypto initiative into world politics but they are still contemplating. If the Bitcoin for example fully becomes a mode of transaction in the USA, it means the US Dollar will start to loose it's streak value it has gained over time been the most used currency in the world which is bad for the government..

One, just as many people benefited from Bitcoin, there are also just as many people who lost money due to it. I think the government is rejecting the idea because they have no idea how to regulate it, and if they just willy-nilly allow it, the scams that are already rampant in the scene even without their approval would already become more rampant. The idea seems to be that they must be regulated 100% before they allow its usage, not that they're that great at regulating stuff to be fair. They think more about the risks more than the potential.

And well, yes, they're old.

On no Contrary against anyone's opinion, there around in the societies where cryptocurrencies is highly prohibited is due to th fact that they number of civilized and digital literates who has the mental capacities to admit the possible operations of how the digital currencies functions are very minor comparing to the uncivilized and illiterates who are either not ignorant to know about the digital technology but highly adamant and low mentality to cope with the digital technology currencies known to be bitcoin. So they prioritize their reasons of not giving such development the licence to operate in their country for the financial security of their citizens.
Foremost said that the citizens says they're contented with the fiat currencies and so there's no necessity of introducing such system to them. Some are pointing at their governments that they want to rebel their citizens through the digital system.
It is just obviously that they're Indeed underdeveloped societies.

Other hand, some governments in the societies are being biased with the digital technology cryptocurrencies because they wouldn't want their fiat currencies to be a scrap after a massive adoptions of the cryptocurrencies.
Hopefully they government itself is aware and afraid of crypto possessions do dominate in the societies due to the potential of the digital currencies. Especially bitcoin.

each government has their own considerations in order to ban cryptocurrency circulation in their country, this is due to considerations of the influence of cryptocurrency on the economy and banking in their country. for example, in bangladesh, that country is quite strict in regulating cryptocurrency because it has the potential to disrupt the banking industry in their country and other illegal actions which would threaten the security of their country. so the government also has their considerations in banning crypto for several reasons, but if cryptocurrency continues to develop, maybe in the future these governments will relax their regulations on cryptocurrency.

To be fair we are still at infant stages of crypto currency right now. I understand that some people think that we have matured a lot, but we have a lot more to think about and that is going to be the most important part of it.

I think it should not be all that crazy to consider that you are going to end up with a much larger return on bitcoin, it will definitely be possible and we should consider governments in that regard. They didn't had enough time to check it out in detail, they know some stuff, but government is something that takes years to decide on a single subject they already know, this is one they do not really know that well, so it may take a lot of years for many of them to make a decision based on this subject.

Decentralization makes it harder for the government to accept and embrace crypto because they wouldn’t allow for something to happen without their full control on it. Bitcoin is designed to gain financial freedom from the government control, so if they will come to fully embrace bitcoin, it looks like they’re breaking their own government rule and perspective. That is why majority of the countries are still protecting their citizens not to get attached with bitcoin and its crypto space. But we all know no matter how tight the government is, people will always find a way.

However, I believe if majority of the countries will start to recognize bitcoin, then most probably the others will follow. El Salvador may have done its part and I think Bukele has made the right decision to accept bitcoin. Hopefully we will see more countries become open about bitcoin and finally embrace it for the benefit of the whole country.

So cryptocurrencies like Bitcoin. Super cool concept, right? They're like the wild west of money – no banks, no government telling you what to do. Sounds awesome, especially if you're picturing yourself as a free spirit living off Bitcoin noodles. Governments aren't exactly fans of things they can't control. Crypto throws a wrench in their whole system, making it harder to track money and prevent stuff like money laundering.  It's like having a bunch of underground tunnels for money to flow through – cool for you, confusing for them. Crypto is still new and kind of unpredictable, like a wild mustang. Governments are all about stability, so something that could potentially crash the whole financial system isn't exactly their cup of tea. They gotta be cautious.

Even though most countries still dominate in banning bitcoin and cryptocurrency transactions, currently several countries are starting to open up to cryptocurrency transactions, even in my country Indonesia bitcoin has been positive impact on state income through taxes. The number of transactions increasing from year to year is certainly an opportunity to make a profit through bitcoin or cryptocurrency, the government can see the positive side of how El Salvador is developing rapidly after adopting bitcoin as legal currency transaction in the future.
Large number of cryptocurrency transaction day by day and how drastically increase in the number of transactions during bitcoin close halving become opportunity to take advantage adopt taxes transaction trough cryptocurrency. Each countries has their own local currency transaction and government take advantage how to adopt taxes trough local exchange based on in my country adopted well each 0.12% transaction will cut off for taxes.

Just don't expect anything more that what you think for now since government is skeptical on thing thay they don't understand so much and what they know is bitcoin is volatile and risky asset that's why they are not fine doing some good adoption unto it.

If they could just able to understand how wide the opportunities crypto could bring to people and how it can help the economy of their country if they would just regulate it for sure everything will be smooth and all can benefit with that.

On question are they self centered? Yes they are since they always believe on things they know even if they are not sure with it. Also are they protecting their citizens? Also yes since they are afraid on its risk and maybe they are worried that there people would lose their money when they invest in this asset.

It is simple to know the reason why the government other country are very sentimental about cryptocurrecy. I was reading a comment before and the member told us that the government hates privacy, they want to see every financial information of all the citizens in their states, but because cryptocurrecy limits them from accessing all financial information of everybody, they decided to hate it and ban it.  Bitcoin can not be regulated the way US dollar is regulated, Bitcoin can not also be regulated like the way canadian Dollar easily be regulated. Some people agree that Bitcoin have stand as a tool for money laundering and that is why the are sentimental about Bitcoin.

The risk of investing in bitcoin, As you say, we can make a profit there are quite a few who lose because they do it wrong. It's clear that if the government doesn't understand how to make regulations, it's certain that they will reject them because it's too risky, and they don't want to be blamed later. But if regulations already exist, then at least the government will be able to regulate according to what can be done, and it must be remembered that the government can take advantage of taxes for every transaction that occurs.
Some countries have already done so because they can anticipate what will happen, but there are others that have not done so because they are not ready to regulate it. Authority has all been returned to each government.

You have to understand that most politicians and government employees are working in government for their own interest and not the interest of the public.

These politicians will look at a new technology to see what they can get from it, before they will support it. A lot of the coutries accepted Bitcoin, because they got something out of it. ( Russia can use it to bypass restrictions on global payments and some African countries accepted it, because they think "bribes" can be more anonymous."  ::)

They all have their reasons, according to them, why they have a problem with cryptocurrency. and even those countries that have accepted it partially are not yet satisfied so it is still a challenge for bitcoins Wherever bitcoin is legalized, there will be a tax on every bitcoin. And if you should take your time to explore the cash flow through crypto and fiat, it is a huge amount of money. One way or another, bitcoin transactions have a way of affecting the economy. and that is why some countries have decided to venture into it. and the government will have their reasons for banning it but I am very sure it will be a selfish reason if it is the government that I know.


And if you do your research, things are changing Only a few countries are now against Bitcoin, even people who have banned it are still the same people trying to embrace it and some countries that have invested are making a profit now. That is a good strategy that they have developed to help their economy and as the price of bitcoin is going up, they are making a profit. and that is the reason why some countries are trying to legalize it because of the tax they will be able to generate from traders. If you look at the volume of traders even with the local currency, you will be surprised at the value you will see. so if everyone is making money then everyone is happy, and I don't see the issue of banning being serious again.

The government has its own reasons for not accepting bitcoin and other cryptocurrency in general, and those reasons are obvious because even a few countries that manage to accept it did not fully accept it. However, the masses are already using bitcoin, and the positivity of the currency has impacted many people world-wide today, so for me, I don't really have it in mind that the government should accept bitcoin.

I think bitcoin should continue existing the way it is now because in any country that makes bitcoin legal for their citizens, the decentralization of bitcoin will not work again. The government will look for a way to know how much bitcoin each investor in the country is hodling, which does not make sense, and they will set a tax for those investors, so it is good for it to remain like this.


exactly. The decentralization of bitcoin will stop existing if it is accepted by the government of any country because they will want to be the ones to control the currency like the fiat currency they used in those countries, which is not the aim of bitcoin. I know that it is because of the decentralization that the government is still against bitcoin, so I think it is better to accept the fact that I believe that people will use bitcoin as long as it exists.

I understand that, this is actually your own sentiment about the whole situation,  but you need to understand that life evolves around interest, so it very common that the most government around the world are  watching out at their own interest, the nature of Bitcoin, have made it impossible for the government to know how money is being moved, due to it decentralized nature an privacy, and the government sees it as a threat to it control over, because the government want to control everything, including finance.

So some of them choose to fight it, while some of them choose to strike a balance between the fiat and cryptocurrency, because they sees the benefits attached to it.

It is that simple, this is about benefits, even ourselves are not exempted from this kind of thinking, as even if we support bitcoin, since it aligns with our particular ideology, but at the same time that support will be way more limited if we could not obtain an economic benefit out of it.

So it is natural that governments that are seeing that their interests are being affected are not happy with what is happening, as suddenly just because Satoshi had a great idea, they saw decades of efforts threatened all of a sudden.

Its a good thing that bitcoin is decentralized,because with all these forceful factors from the government,they'll restrict the citizens from every outstanding benefits that bitcoin is supposed to offer all,forgetting that bitcoin is for everyone and it's not meant to be a biased network.

The government interest for the citizens are always towards themselves,thereby allowing the masses suffer for the government and that's not fair at all.

That's the reason bitcoin will keep growing and gaining mass usage amongst us and the less privileged.Satoshi,initially made a right choice to make bitcoin decentralized.The decentralized feature of bitcoin,makes it impossible for the government to manipulate and interrupt the function of bitcoin.Because they'll purposely divert the success's of people to themselves.Government has seen the future of bitcoins mass adoption and they're scared of its growth.

apart from some instances when government becomes overly regulative on institutions that's off it jurisdiction, it's totally right that whatever project that's coming into the public space be scrutinized and regulated by the government. It's supposed to be that they are trying to protect citizens and society from whatever long term side effect they might have foreseen and that's why at the centre of most countries rejection and kick against crypto adoption has been the issue of the environmental effect of mining in those countries.

But the reality is that we all know what they are after, it's basically a fight to bring crypto under there watch. If it becomes possible that crypto will become centralized and regulated by the government, you will see an high level of adoption that will come with it.

In my opinion, governments are still evaluating how cryptocurrency can benefit them and their citizens. Since each country has unique challenges, cryptocurrency adoption will likely vary. However, if governments recognize the potential advantages, they may become more receptive to cryptocurrency. Ultimately, the key lies in understanding how cryptocurrency can serve the government's needs .

Well, I don’t have to speak for other countries but mine and I think one of the major reasons the government isn’t letting cryptocurrency breath in my country is greed.
Since there is no way they could tax cryptocurrency and possibly earn from it, they decided to fight against it and currently they’re already fight exchanges like binance and that has forced Binance to take down the naira peer to peer feature on their site, which is a strong evidence of the government’s hate on cryptocurrency.

U think I’ve also heard some rumors that, some of these government officials also secretly own most fractions of crypto to their names but yet fighting it since its citizens are already gaining financial freedom and independence which I’m pretty sure the government doesn’t want.

Aside that, I think one major reason a country should fight against cryptocurrencies is the rate of scams through them as most of the scammed money channeled through cryptocurrencies can’t be traced and recovered and that isn’t a good one for a country that wants growth for its citizens.

This is closely related to adoption and regulation. Indeed, the government has seen the performance of BTC and crypto which is able to change people's understanding and has slightly accepted changes in transactions that were previously traditional, switching to digital patterns.

In this case, perhaps, I personally see that this is just our opinion that the government is still selfish and wants to control everything but if we pay attention, they also want to maintain the stability of their traditional financial system so that it can compete and not be too inferior to the presence of this digital currency, even though one way of doing this is by enforcing relatively strict regulations.

Crypto especially Bitcoin has been a game-changer, bringing in cash for people and easing unemployment. It's a head-scratcher. Bitcoin could boost economies yet some governments act like it's a bad omen. Maybe they're playing it safe or missing out on the digital revolution. Striking a balance between innovation and rules is tricky. Governments should chill a bit embrace the future and find a way to ride the crypto wave without wiping out

The economic condition of every country is not the same and the level of education of the people of every country is not the same. One country's economic position is quite strong and the education rate of that country is very high, on the contrary, the economic status of another country is moderate and the education rate of all countries is very low. The people of the country where the education rate is high will think before making any decision and always try to take the right decision. In this case, they will not be very emotional, but the people of the country where the education rate is low, they will not think so much about the decision. Some countries feel that if cryptocurrencies or any of these things are legalized in their country, they may not be able to control their economic situation. Besides, they also think that since the people of their country are not very educated, if they are aware of such an investment platform or such a crypto platform, then they will invest everything without thinking, and as a result, the economic condition of that country will worsen.

There is a possibility that something like what you said will happen, and the country needs to consider this before legalizing Crypto currency or making regulations regarding Crypto. Not all levels of society can get higher education, that's why there are so many social disparities in a country, especially if they come into contact with the Crypto world which really needs special learning. Sooner or later they will find out, but it seems that only a small percentage have a thorough understanding of how the world of Crypto Investment works or works.

If currently there are still government parties who think like that because they are still doubtful about cryptocurrency services for the government's needs, it seems that such government parties should read more about El Salvador, which is still adopting Bitcoin. And bring his understanding into the educational path so that it can be understood by the younger generation who will be the relay of the citizens themselves.

So if your country's government still thinks differently and hopes that cryptocurrency can serve all the government's needs, try advising them to ask the government of El Salvador about this because the country of El Salvador has experienced extraordinary progress through cryptocurrency investment which is especially Bitcoin.

We give advice to the government? How? Do you think governments don't like bitcoin because they don't know anything about bitcoin? Do you think that if they are so stupid, how can they become the leader of a country? The government knows what bitcoin is, but since each government operates differently, countries that do not accept bitcoin have their reasons. We often know the government is a centralized organization while bitcoin is decentralized, what benefits do you think they will gain by accepting bitcoin for everyone to use?

China is the second most powerful country in the world and they don't need bitcoin, do you think we should advise them to learn from El Salvador? A country with the highest crime rate in the world and just a small country.

Many countries have declared Bitcoin or cryptocurrency illegal despite the emerging potential. They cited money laundering, terrorist or militancy financing, and state economic risks as reasons. So they have enacted the Foreign Exchange Regulatory Act, Anti-Terrorism Act, and Prevention of Money Laundering Act. Due to this, the people of the country cannot be a part of the development work due to economic losses and legal complications and the state is killing their emerging potential with its own hands.

Currently, we are very close to the fourth industrial revolution which is being handled very well by blockchain technology. Currently, many countries, including developed countries, are working to meet the goals of sustainable development within the next decade by overcoming the limitations of using blockchain technology.

The reason for adoption of crypto is that people can easily get a lot from crypto there are no restrictions and everyone can do as they wish. For government activities people are hindered here they have to follow the rules of the government. Also government politicians may be getting emotional about crypto with so much demand for crypto currency. Some countries will adopt crypto to keep pace with the digital age.

They are not protecting any citizen against any omen, but they are just being foolishly ignorant to accept the revolution Tech. but the earlier they accept, the better for them. The reason behind why they are so rigid about cryptocurrency is that they only captured the negative side of it without looking at the brighter side of it, sometimes I think most of them haven't benefited much about cryptocurrency thats why they are so stiff. But I believe with time they will see the important of cryptocurrency bitcoin to be precise.

I don't know about other countries, but in my country, the leaders have small minds. They can't see beyond themselves. They're so incompetent that they look for anything at all to blame their failures on. They do not have foresight, hence why I said they have small minds. They can't see the bigger picture. When the leaders of a country have small minds they'll be against innovations like Bitcoin.

There's also the fact that Bitcoin is something they can't control. That scares them and is against what they stand for. That is not what they're used to.
I don't believe Bitcoin is an enemy of the government, it's the government that's making itself an enemy of Bitcoin. Bitcoin works in the favour of everybody. It has created employment and has given people the chance to have an investment without much stress. In a perfect world, bitcoin would be embraced by all, but we don't live in a perfect world.

I think that's the true reason why they can't accept bitcoin and any cryptocurrency, because maybe they gathered the negative information and other bad comments attached to crypto earlier, without knowing what the truth is? Because here in our country, the same thing happened, crypto became famous because of its bad image attached to the dark web but because my countrymen have a habit of being curious, they dug to the depths of the information about it and that's when they found out that it was not cryptocurrency is not only being used badly, but it will also be a way for people to be financially secured.

       -   Maybe at the beginning they think it's a threat to them that others are doing with bitcoin or cryptocurrency, but later they also take it back because they realize in the end that it can help their country through people who believe in it, even if they say we know that they are not able to control bitcoin or cryptocurrency unless it goes through the regulation that the government has.

But even so, until now, there are still countries that do not think well of them. But even so, the country will eventually understand that Bitcoin is a crypto that will be owned by institutional investors, who are the main ones that can help the economy. of each country.

Governments don’t like Bitcoin for many reasons, they don’t fully understand it & they don’t like it. Governments like to have full control over currencies used in their countries, except El Salvador who really have changed the game. Look how long it took for the US to allow a Spot Bitcoin ETF to be traded. Central Banks are putting limits on how much you can send to crypto exchanges, governments are requesting more info on crypto investors, strict KYC. It’s crap but the price we paid for increased adoption & higher prices.

Well that would be a problem if they only listen on the negative side happening on crypto space since if they are not open for other thing which is it can bring a lot of opportunities if been regulated well by them then there's nothing gonna happen with that. Its important for people to choose those leader who's not close minded growth so that this being skeptical attitude will not happen and we can see this new innovations or financial  digitalization will happen. For now its hard to move up if our government is not open for new acceptance and we will remain like this if they always protect first the interest of other financial institution.

If people could just think about how useful of crypto to give better opportunity for a lot of people for sure they would think about creating ways to regulate and do some good actions to protect its citizens and make sure that crypto industries will be clean and away to any negative things that can possibly harm to other people.

Also maybe they are protecting the interest of other big institutions that been hit badly if crypto market became huge in their country that's why maybe it became so hard for them to adopt bitcoin. If they could just follow what El Salvador President do for accepting bitcoin as their legal tender for sure right now they are harvesting all the efforts or good decisions they have done and they contribute for a huge income flow to their economy especially right now bitcoin price soar high and for sure they earn a lot of profit from accumulating bitcoin and hodl until these days. I don't have problem with KYC thing since right now its normal requirements but government so do good actions to protect the interest of people and make sure that everything came in this industry are real projects and not those scammers attempt to deceive people.

Governments and cryptocurrencies are at odds, simple and complex. Bitcoin and its ilk are breaking down boundaries, democratizing finance, and giving hope to individuals left behind by established economic institutions. On the other hand, the establishment, the status quo, preserves the past

Really self-centered? You could argue that. Governments want to maintain their economies, currencies, and geopolitical power. Do not oversimplify. This goes beyond a roomful of suits disliking Bitcoin because it's new or threatens their power. Speculative digital assets threaten the economic underpinning they monitor, thus stability is key

Protection is another concern. Despite their benefits, cryptocurrencies are unpredictable and a financial Wild West. Scams, catastrophic losses, and the disruptive implications of these assets on a nation's economy are legitimate concerns

You're on point @southerngentuk but i think there are countries who doesn't even prioritize their grudge for bitcoin or the cryptocurrencies as you may think of the government trying to maintain financial orderliness and regulating the mints of financial flows and for money laundering as you may say.
In my own country, I disagrees that the government meant all these as a reason of being sentimental with the crytpto digital currencies. Believe me @southerngentuk, some countries such as mine are full of rebellions and embezzlers in their government sectors who feds their bank accounts with the public funds on irregularity and illegal taxes mandated on their citizens. That's just to say that the government is mad at the technology that they can't get through it and impose such taxes on their citizens so they could always extract fem the masses.

Talking about the government talking adequate reliabilities to bridge the existence of a currency that they are not in control of and same time don't know about its future potentials based on how it could crash is a good point of view because of such is occured the same government who permited the inflow of the development would still be the ones to be blamed. But these actions are only prioritized within the countries that thinks good for their citizense. Not mine.

It's not about protecting their citizen or being embarrassed, countries that are not ready to accept cryptocurrencies and are doing their best to keep them out of their countries are thinking about long-term, and the reason for that is they know they will start losing control over their people and their financial activities if they allow them to openly use cryptocurrencies because they can't control cryptocurrencies such as Bitcoin the way they control fiat currencies.

So, they are not ready to accept cryptocurrencies and allow their people to use them because they don't want to lose control, they want to keep a control over the finances and financial activities of people because that is how they keep them following them.

I believe that's the main reason as well. As the government can't get a hold of the transactions related to crypto, they won't have the idea to what extent their people are dealing with this market. So they can't implement their taxation protocols appropriately. As we have seen, it depends on how the person will disclose his crypto dealings to the government. This is why most governments don't want to touch the crypto market and include in their financial plans.

As of the moment, most government officials don't fully understand how this market works, hence, they are against with it. Also, they don't know how to contain their people in using these cryptocurrencies. This is why they are only giving some warnings regarding the usage of crypto or precautionary measures not to get involve here if they are not knowledgeable about this market.

Many governments want to be able to understand and observe fully the extent to which cryptocurrency is safe for the citizens.
Being that cryptocurrencies is decentralized and can perform full functions like regular banks would do, it makes it easier for any Dick and Harry to use it for good transactions or a bad one or to launder monies stolen or ill gotten without as much as a trace and that is a major concern for them, hence why they scrutinize and regulate and tax crypto users, all with the aim of keeping it controlled to some degree.

The world is advancing and countries not catching up fast will become left to bother about how they missed the point and will soonest sort the help of the more advanced countries in order to become economically balanced.

The government wants to be in control. Above all things, this is one of the things that matters the most. If a government perceives Bitcoin as a threat to its operations, they would want to throw it out. I don’t believe that any country has really rejected or banned Bitcoin because they were trying to protect their citizens. And it’s equally not about embracing digital development because if you look around, other digital technological ideas are being welcomed with no problems.

There is no government anywhere that can avoid technological progress and this includes crypto, but a true government must be able to protect its citizens from the effects that would arise if they want to accept crypto.
I agree with you, first is understanding about crypto itself in society, followed by whether the existence of crypto is able to make a good contribution to society and the country, as long as it will be profitable. Of course, the state will be able to accept it with regulations which frankly must be made as good as possible so that it doesn't there are effects that occur in the future.

Politicians often claim that everything that they do is for the benefit of the citizens of their country at large, but often this is not the case since they support that what it benefits them, and bitcoin is not really something they will support wholeheartedly.

However, since the population of several countries, like the US, are investing heavily on it, now they do not have too much of a choice but to try to claim that they are in favor of it, even when the time comes to create laws around it, they take the opposite stance and they try to regulate bitcoin as much as possible.

Bitcoin is only profitable for people who have it and you can only have it by buying or investing while poor citizens will find it difficult to understand the benefits of Bitcoin if they have it because they already have difficulty meeting their living needs, so decreased unemployment or benefits from Bitcoin will not directly felt by citizens of countries whose countries accept Bitcoin because citizens still have to have Bitcoin to be able to get the benefits.
So even the information you mentioned is wrong, so it makes sense when many countries prohibit it because the information that is developing does not completely correctly describe Bitcoin

I don't think so, they are just trying to protect their community but often their methods are not in accordance with what the community expects, and also a lack of information or people in government often only get inappropriate information so that the steps taken are negative for their citizens, and governments will always put their fiat first and think that the presence of Bitcoin could be a threat to their fiat is also the reason why many countries continue to ban Bitcoin

The economic system of these countries is very strong and any challenge that these countries may take, these countries may not be too worried about legalizing Bitcoin, but the governments of countries whose economic conditions are in the middle do not want to take this risk. In those countries whose economic conditions are not very strong, the government of those countries wants to have complete control over money, while the government of those countries wants people to transact through banks. When the people transact through the bank, the government of the country with the economy will be under control, but whenever the people of the country transact through Bitcoin, except the bank, the government cannot control that money.  Considering these aspects, the governments of many countries usually refrain from making positive decisions about Bitcoin.

Since Bitcoin has gone far in the world, I don't think it will be easy for a government to stop Bitcoin in their countries, because Bitcoin is different from fiat money which is very popular in the countries and is be control by the government and the government has the power to stop such currency. You can see that many government have surrender, since they cannot stop Bitcoin base on the way they are spreading the Bitcoin around the whole world and it has increased the number of Bitcoin users. If El Salvador government can generate many income from Bitcoin to help the country to construct so many roads and companies that is generating income to their government account.

The middle-tier is afraid to try Bitcoin, whereas strong economies are using it. It comes down to control. Governments, especially poor ones, are preoccupied with it. Uncontrolled, unpredictable Bitcoin sends shivers down their spines

Banks are the government's financial eyes and ears. Tracking every dime and transaction. But Bitcoin? Bitcoin operates outside traditional rules; it's risky, but offers financial freedom. That scares them to death, my friend

Why? Because Bitcoin represents a power change, not just digital currency. From government towers to smartphone screens

Disappointingly, people continue to cling to old ways, hesitant to accept something new. Fear, not simply the economy. Fear of the unknown, losing control. But progress waits for no one. Bitcoin exists now. Nations must wake up and smell the digital roses. Control is a myth, and Bitcoin? It's the unexpected reality check

and we all know that what they are doing is not for the good of the people in their own country, They are always looking at things that will benefit for themselves, that's how greedy the people sitting in the government are, everything will be claimed and everything will be interfered with even if it is not a must. When it comes to bitcoin, they will certainly interfere because they know the value of the money of the people who invest in it, fortunately here in our country the government has not interfered too much when it comes to crypto but it is not unlikely that they will do such things and decisions especially when it comes to money.

Can government truly accept bitcoin as a legal tender or not, well in my opinion it's difficult but not all like we've seen that with El Salvador and the use of bitcoin. Government accepting bitcoin as a legal tender might be difficult in most countries and the major problem leaders get with bitcoin is the freedom, bitcoin cannot be controlled and the government find bitcoin as a threat compared to the fiat system, fear of how the country will look like and the economy so with all this it's difficult, to them trusting a digital currency is nothing meanwhile it's far better than the fiat system.

Meanwhile some countries are just sitting and watching other countries that have accepted Bitcoin and waiting to see how it turns out before wanting to also approve it in their nation. If the countries that have implemented it made big news that their economy has been great since they approved bitcoin, countries would likely start considering it.

Some countries also don’t say anything about it (they don’t approve no disapprove) because they haven’t seen bigger countries which they look up to approving it. So they are like “it doesn’t really matter if our citizens use it or not”

All the banks that exist in a country are controlled by the central bank and because they are controlled through the central bank, the central bank takes a part of the bank's profit which is the government's profit. The government wants people to do more transactions through banks. As much as people make transactions through banks, the government will take profit from those transactions. The economy of the middle economy countries depends a lot on bank transactions, but if the people of that country transact through Bitcoin instead of bank transactions, they will face a big financial loss. Mainly to avoid this financial loss, middle economic countries have always been on the opposite side to legalize Bitcoin in their countries.

Are you serious about these questions? I read all your comments but these ones capture my attention the most. I think you should know better how the government work and how selfish they are. The government is self centered and everything that citizens does and it doesn't benefits them, they discard and let it go, they don't want to see it even exist and if they can't control it, then it becomes a problem to them. Look around you, the crypto adoption you are seeing here and there, apart from coperate organizations and companies, no government has ever adopt Bitcoin openly, only El Salvador has did but they are just a small country without their own currency.

The government isn't protecting their citizens financially, they are only afraid that people will wake up and abandoned what they have built for them, I mean the fiat and regular investment and focus on cryptocurrency, most people that has joined crypto today don't want to have anything to with the government again and that's what the government fear, becoming woke is their biggest fear.

If we see the last scale then not only this country is being sentimental with Bitcoin they are lots of countries who I am doing centimetre when Bitcoin and the other Crypto coins. But I think by doing this they are only lagging behind other countries in terms of technology and digital age and in future they will have to do the same. And do they think that just banning it will stop its use?  No, its level activities are still going on inside.  And I think it will never be possible if it tries to shut down its operations without first getting inside it and then identifying the crimes it is conducting.

The government been self-centered? Ofcourse every government wants what's best for their citizens but not in the case of crypto because we're watching alot of things going astray and out of line. Cryptocurrency portrays both the negative and positive effects, it all depends fom having our angles. The new development is beginning to become promising for most of us and we should earning in significant amounts. Every government have a good reason why they're turning down the full operation of cryptocurrency in their country, and there are boundaries in balance.

A few years ago I heard these rumors in several other countries, maybe because crypto is so very well responded to by all who are currently its activists, uniqueness, technology, speed and now almost rural areas are already using it even though it is online. Indirectly bitcoin benefits anyone who owns it.

We know there are countries that buy bitcoin, look at this time. maybe the country is also making profits that can be used for state needs, development budgets, and for the sustainability of society with passive profits that are saved.

If talking awkwardly it could happen, because most countries have their own currencies, selfishness might make more supply settle if bitcoin is not traded, because bitcoin can be accepted to buy anything including paying electricity bills, tv, wifi and other food groceries.

Digitalization makes life easier even though there are people who don't like it and are too idealistic about the state. but there are more benefits that bitcoin provides than what is feared. if the state gets a reasonable tax contribution it might be a different story :D . in more appreciation of bitcoin for some countries.

Correct, to be added they don't negate bitcoin or crypto currency its just they don't have interest on it yet because implementing and adopting crypro currency in a country need to be planned, what I mean is that if they openly accept crypto currency then they should put up laws or rules that citizen will follow in order to have an order in the society because if they will just adopt or accept the usage of crypto currency in a country one day and suddenly imagine that many people will lose its direction because not all people, businesses or establishment are ready for the acceptance of crypto currency as payment, we just need time before all country will be open to crypto its not an easy thing thag crypto will be treated as fiat currency because they have a very huge difference in terms of its flexibility. So yeah, it may be far, but I know crypto currency will be more widely used in every country.

Yes people can easily get a lot of benefits from cryptocurrency if they accept cryptocurrency very naturally. We know that the first thing that is needed for the personal country and global development is economic liberation. It is very difficult to achieve success in any business without financial freedom. And in this respect the cryptocurrency gives economic freedom to all of us. So everyone should welcome our cryptocurrency in this advanced information technology and digital age and accelerate the pace of development.

Most countries where bitcoins has been restricted is due to the rate of fraud that so many people has turned bitcoins into so government decided to banned it use
Then another causes of it could be acceptability and awareness of bitcoins by the leaders of a country

I mean for sure Bitcoin and Cryptocurrency as we can see on the positive sides could have a big impact on a lot of countries especially on their economic growth as we continue to utilize its technology and develop them to become a part of our own system going to be huge for sure when it comes to the growth of a country.

But you are just looking at the bright side of it, if you look at the dark side of it there is a lot of fishy stuff that is happening that is not going to be acceptable by the government.
Like for example Bitcoin market price has no basis but just depends on supply and demand, it doesnt really have some kind of backup that is supporting it something like a company or a tangible asset. Price depends on nothing but supply and demand are just driven by the hype of the market similar to collectible rare things like a rare sneaker, or a rare gun something like that. It's getting its value just because someone wants it and is willing to pay for it, luckily Bitcoin already is developed in a lot of countries where its already established as an investment but it still doesnt have something that's backing it up so theoretically it could drop its market price easily similar to rare sneakers where at one point cost around 1million dollars then after a few months cost only one hundred thousand.

In my opinion, the government could take advantage of the technology of cryptocurrency, and in the future, for sure this technology is going to adapt to a lot of countries, but we also need to understand that we have the fiat money system which is already a dumb system allowing them to print unlimited money, which is completely different from what Bitcoin is, for there will be a lot of complications on that.

I checked analytical insight (https://www.analyticsinsight.net/top-10-internet-scamming-countries-in-the-world-in-2023/) to see if I can find the current rating of 10 top internet scamming countries and what I found was the rating of last year and judging by your statement, you are wrong about that. Among the top countries that has ban Bitcoin was only China and what happened was the crackdown of miners activities. The government believe there high numbers of illegal Bitcoin mining site in China and this was due to the fact the electricity were cheaper to mine and due to the concern of global warming, the government decided to ban anything related to Bitcoin and not "scam" campaign. Even India still allow the used of Bitcoin despite the high rate of scams from that region.

You should know that government can ban anything for many reasons particularly if it's something they can't control or something that dify their aims and objectives. I could remember in 2020 when the Nigeria government ban anything related Bitcoin because there was ongoing protest and donations were made through Bitcoin and other means and the only way to stop the ongoing protest was to stop funding them and they did ban it but fee years later, it was later unbanned.

Depends on the understanding and how educational drive towards cryptocurrency usage will be portray then we maybe can see some changes to happen especially for gaining benefits towards this industry. But if rampant corruption will happen and they allow to use bitcoin or whole crypto but they let their people without proper guidance then maybe a sudden changes might happen especially if there's a lot of scam will be reported.

So it needs proper guidance from government and they should study well on how they can implement this new adoption they have done so a great success will be earn to their people and also to them. For once everyone is earning the benefit of adopting this currency for sure there will be a lot of income to flow from government and that can help to increase the progress of their economy.

You are just buying the narrative that has been created by the governments and the media, now it is undeniable there are some criminals using bitcoin, but the same is true for fiat and at a much larger scale, and I do not see any initiative by politicians to take measures against banks and their executives for allowing this situation to continue.

So make no mistake, the politicians of many countries are against bitcoin because it affects them and it reduces the power they hold over their citizens, and they do not like this at all.

This response is quite eye-opening for me today, but what you need to understand here is that I am not asking you to give advice to any government party. But if you still feel like you are a good citizen and feel it is appropriate to give advice to the government about Bitcoin, I don't think that's wrong either. And regarding how to notify the government about something like this, I think you are still quite clever in writing and speaking through important government institutions.

I don't think a country leader is stupid, but if you think that I have thoughts like that, guess who is stupid here :D. Every state leader has knowledge and it is clear that the knowledge they have will not always be the same between one leader and another. So if a country's leader wants to learn something from another country's leader, I think it is legitimate for every leader to do this, including wanting to learn from the leader of a small country like El Salvador. However, I also agree with the statement that each government operates differently in their respective countries and also has its own reasons why it does not accept Bitcoin.

But if you ask about what benefits the government can receive when it wants to accept Bitcoin for everyone to use. I also have to ask again about the citizens of the small country of El Salvador who have been using Bitcoin as freely as they use money every day. Because in terms of benefits, I think Bitcoin can provide benefits to everyone and not just the government.

Cybercrime and terrorist activities are what the governments have quoted for their harsh stance to crypto. But they cannot ban it completely, which is something that realize too. It is not within our control to change the government policies overnight but can continue to spread awareness and allow the usage of crypto regularly. This can bridge the gap between economies and make a long lasting impact on the government and they might consider rethinking their policies.

This is not an overnight game, we have grown from a city where nobody knew about bitcoin to everyone asking about bitcoin to the rare few who know about it over the last decade.

They can accuse that cryptocurrencies are used for money laundering and criminal activities but if they say cryptocurrency industry is where criminals did most of such activities, they say it wrong. Banks, fiat currencies are tools for criminals to do most of such activities in total value.

You can say about it with Bitcoin but if you say it with altcoins, it can be not accurate.

Altcoin projects are centralized in their founder, core team members and governments have enough big power to shut altcoin projects down. Fortunately they can not do it with Bitcoin so we can stick with Bitcoin.