All these announcements from governments are intended to drive the prices down. Once the correction ends, there will be dozens of announcements encouraging people to get back in the cryptos and the carousel will go on.
Governments are also interested in Cryptocurrencies. It is impossible to ban cryptos everywhere in the world. We are in an early phase of cryptocurrency boom. Riding a rollercoaster.
After paypal, skrill and such companies will announce that they are friendly with cryptos, and after litepay and similar projects will kickoff, we will see new price records again.
India and China will not want to loose enormous source of income. As long as cryptocompanies will pay taxes, the governments will be happy.
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