Crypto investors probably spend more time thinking about that risk than anyone on the planet. In fact, we even call regulators the "final boss" within crypto circles. They're literally the last obstacle to crypto becoming the bedrock of the global financial system.
Many people look at crypto bans through the lens of their home country. Fortunately, crypto is global. Let's consider India, for example. The country may soon consider a blanket ban on owning cryptos.
However, the country is working hard to become a technological leader. By banning the ownership of things like Ethereum (ETH), the country's citizens would be breaking the law by simply using, testing, and building applications on top of one of the fastest-growing technology platforms in history (remember you have to spend ETH to use Ethereum). Such a move would be like banning the Internet in the 1990s.
India's legislation is far from finalized and would need to pass through a committee first. We're optimistic it won't pass as-is. If it did, we'll begin to see something we've long expected... crypto propelling some economies forward and trapping others in the past.
No matter what a single country does, innovation is one of those things that's virtually impossible to put back in the bottle. If crypto becomes as large and pervasive as we believe it will, India would eventually be forced to rescind any ban. And any countries that might follow in their footsteps would, too.
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