Any government can issue a ban on crypt but that does not mean they implement it. ๐ They are just making it more popular and attractive to most people. ๐
To be fair, one of the reason why a government would want to ban crypto is that there are many people who just jumps in to it without doing their research. And when they lose their investment, they would announce that they got scammed. LOL. I don't know, but I believe they are one of the main reason why a government would want to ban a crypto or any investment that is considered risky for most people.
An alternative option for banning crypto out of fear that their people might get scammed or get losses would be increased awareness on how to properly do their research.
!1UP
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That's what they want you to believe, the government wouldn't care if people are getting scammed if it didn't affect the value they'd earn or take away their powers.
Crypto takes away the influence the system has on monetary transactions and they government are not okay with that!