What is the biggest misconception of Crypto-currency in your country?

[emma.lee1890]

Here in my country they thought bitcoin is just a scam only few people can fully understand what is block-chain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
Biggest misconception I hear is that it's not backed by anything physical and shouldn't have any worth. People don't seem to get the simple idea that all value is assigned by peoples perceptions, irrespective of it being something tangible or not.

[Bram Manis]

Bitcoin is a digital currency that is currently increasingly popular and there are problems in my country. In my country, Bitcoin or all crypto coins cannot be used as payment instruments. The government does not give permission because digital currencies can disrupt the original currency. And for now, crypto coins can only be used to buy and sell online.

[TERENCIO]

I am very lucky as the government is not very strict when it comes to Bitcoin and they are open the idea of blockchain. The misconception  that Bitcoin is a fraud still in the head of the people.

[WWoF]

Thanks god my country still didint block cryptocurrencies . Actually they are trying to learn more about that. Biggest misconception of cryptocurrency in my country is they dont have any idea about blockchain and opportunities of blockchain. They are thinking only we are investing some thing in internet. People need to learn more about blockchain and benefits of that.

[aji678]

In my country, the government has banned the crypto market. And take legal action against the people involved. This is a serious criminal penalty. The government and some people think that this is merely a coin, which is just fraud. And by this many big crimes are organized. The government can not know which committee. And many money can be trafficked to be a country. As the government here can not monitor And by this it can cooperate in the forest work. So the government has banned the crypto market.