The war between crypto and governments has been there for quite some time, so many countries have ban crypto not because is not good but because it doesn’t server any purpose to them and being a currency they can’t collect tax on it and most of this countries believe it will affect their economy. Come to look at it this way. It will actually reduce the revenue of the country when the majority of people avoid tax.
The two countries that has waited patiently for this to workout is Russia and United state. Russia plans in the first place was to ban crypto and everything related to it but now they are now looking for better way to accept it. Making it a foreign currency, regulate it and every transaction will be monitored. If Russia is successful in doing this definitely so many countries will lift their ban and adopt this process because some countries look up to them.
Russia understand the impact of technology and how bitcoin can be the most important thing in the next generation. They are now taking their time and looking for a better way where the government and people will both benefit from bitcoin because bitcoin is designed in a way that it doesn’t allowed third party.
United stated is the strongest and one the smartest country in the world. They are have been silent on crypto but there are not ignoring it, their governments have been taking their time to know what they will do with btc. We know their governments have plans but is not yet implemented. Many countries all over the world and billions of people rely on their decisions. The main reason why they are not rushing it is because they have one the best economy in the world if not the best. I won’t be surprised if they regulate bitcoin soon.
In conclusion, countries that ban bitcoin know their people are still buying and trading it, they are taking their time and waiting patiently for a country like Russia or United state to come up with one regulation strategy or something that can be beneficial to the them. Governments can’t ban crypto completely but I know they can regulate it in such a that it will be a win win for both side.
Thanks for your time.
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I think it's a good idea the US is slow on this. While they are doing so, we can develop around anything they do and I think it's much better than having them rushing through the regulations.
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I know at the end crypto will win
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