I would like to read your opinions about this topic, what are the reasons? Why is it Illegal? the fact that it is for earning & living?
May this answers we have here nailed in everyone's mind in this forum. For learning and importance.
In my opinion, authorities consider crypto to be their rival, as we know that it can replace traditional financial system (banks and fiat money). It means for the government that they are not in control of the situation. They are used to controlling and regulating rates, prices, emission of currencies,but with crypto they will lose this control, so they can't let crypto develop freely.