This is a clear sign of the upcoming victory of when blockchain technology and cryptocurrency would be accepted. Payment with digital currencies are surely the future y'all, stick around for a while and you would see the vision of Satoshi been materialized.
As far as regulation and acceptance especially with connection to the governments, I would say that we are moving steadily though not on a trailblazing pace but still considering that Bitcoin is not that really old this is already satisfying and inspiring. There can be more positive developments coming in the coming months and years for Bitcoin as changes are slowly trek in. Working with the government and convincing them of the many advantages of regulating cryptocurrency is the name of the game...hopefully more will be joining the bandwagon soon. I am expecting that eventually India and Russia will pass laws regulating Bitcoin...these are two big markets and can be influential on how Bitcoin moves in the market.
Very true, the existence of bitcoin as well as other altcoins is considerably young. Such achievement according to the map is already outstanding. Sooner or later, those countries treating crypto as illegal will change their stance as they can see that first world countries are accepting it wholeheartedly. So what's in them not to see the benefits of crypto?
In my opinion, the big reason that blinded many governments not to accept and make Bitcoin legal by passing regulatory framework is the fact that they feel that with Bitcoin they are losing the control. So many governments are indeed control freaks, sad to say! Remember that governments usually have their central banks wielding so much power on the financial and economic matters affecting the country. They think that Bitcoin there is nothing they can do. However, this is a very myopic viewpoint because this is precisely they should pass regulations so that they can indirectly influence the Bitcoin marketplace. They should really see Bitcoin the same way they are viewing the physical gold. Of course, Bitcoin is much more than being the digital gold as we know that Bitcoin is also representing innovations and changes that can affect a country's economy and even politics by returning the power to the people and many governments do not like that idea.
