It is unclear what happened to them, the most advanced country and such a horrible decision for a cryptocurrency. Their decisions will give the leadership of Japan and Filipinas.
How is it a horrible decision? I wouldn't be surprised to see Japan follow as well next year. It's the time of mainstream adoption, and this mainstream adoption makes the government feel threatened, which results in these actions.
Don't forget that crypto is probably the easiest tool to use when you want to transfer value from one country to another, and that's probably the biggest nightmare for governments, which they want to prevent and localize.
This industry is no longer the innocent joke of years ago. It has grown into a multi billion industry that sooner than later will turn into a trillion dollar industry. Governments have been sleeping for years, and now they woke up.