What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
Cryptocurrency is a threat to government because it is base on the philosophy of decentralized currency. Government want to control all financial transactions across the globe, so that they can place intermediaries and collect charges for all financial movements.
This will enable them monitor money laundering and place sanctions where necessary.