The new world of crypto enabled transaction that bypass normal governmental financial control procedures and mechanisms, has created panic among the corridors of power in most countries of the world. The fact that the ability to determine who becomes rich and who remains at the bottom of the societal pyramid has being taken from governments and put in the hands of individuals of unknown background and with little or no connection to the corridors of state power has created a mindset among the powers that be that one of their great instrument of control which is financial control is being gradually taken away from them, hence they have decided to fight back. Imposing fines of crypto based firms and blocking of when they can crypto sites.

But can they really control a world that is designed to be uncontrollable? Decentralization means just that decentralization. Hence crypto is here to stay and they just have to finds ways to incorporate it into their financial systems.