I believe government usually ban cryptoccurencies because of its privacy and how its been used for fraudulent acts or terrorism, the thoughts is biased in favour of fiat but they can trace the movements of fiat money via bank.
In my country cryptocurrency was banned from been bought via banks as at 2021 but the ban was lifted of recent. This ban came as a result of the misuse of it by fraudsters in my country in cheating individuals overseas of their funds.
But i have seen many unemployed youths have found economic success through crypto currency.
Cryptocurrency doesn't guarantee success but serves as an opportunity. Yeah people made it big via crypto like other opportunities but there exist many that got liquidated or scammed.
Cryptocurrency is still young. We fortunate to be around during is early days. Now that's an opportunity.
I am happy now that the new administration has legalized crypto recently.
Yes they have but the question is why. I don't really picture our governments as the "I love my youths type". In the case of banning by Godwin, i don't think he is in alone.