I hope that the PH is one of the first to begin accepting Crypto as something that's not going to go away and the sooner they welcome it the better chance they have to benefit themselves from the growth as others take on the challenge. many people are relying on bitcoin in my country. Many of bitcoin investors are from the Philippines and many of us including me are using bitcoin to save money.

Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.

China bans mining

South Korea will not ban crypto but obviously does not welcome it

India banning crypto

I fully expected this resistance from governments.

Don't be surprised if more countries come out against bitcoin

Governments wanted to control their currency, their people and their evonomy. They wanted to have something in all like tax. If bitcoin overtakes their currency, then all their people would just do bitcoin and stop working for their government. This will be a great lost to them.

There are three types of reactions I am seeing around: some governments don't exactly know how to approach crypto so they ban it initially and that gives them time to figure out what to do next, some others (while they don't know what to do, too) just refrain themselves to warn people that bitcoin is not backed up officially and it highly speculative and the rest of this regular blah blah.

But there is also a third type of reaction, which is the most mature, this is to try to embrace bitcoin and try to regulate it (read: try to tax it and get most of it).

I will be expecting that with time more and more governments mature regarding bitcoin and will do that last (third) thing, they will try to tax it.

Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.

China bans mining

South Korea will not ban crypto but obviously does not welcome it

India banning crypto

I fully expected this resistance from governments.

Don't be surprised if more countries come out against bitcoin

Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.

China bans mining

South Korea will not ban crypto but obviously does not welcome it

India banning crypto

I fully expected this resistance from governments.

Don't be surprised if more countries come out against bitcoin