This was when the government could ignore it, while it was still a niche market. It has never been done in history that the asset class was away from the cryptocurrencies far away.
The Chinese way
This market capitalization of the cryptocurrencies has increased to $ 200 billion, more than $ 20 billion a year ago. In this fight it is useless and will prove incredibly expensive. It has become very big to ignore it Smart governments embrace this banking revolution better.
source - https://cointelegraph.com/news/smart-governments-will-embrace-cryptos-expert-blog