Bitcoin is slowly taking the shape of such a phenomenon which you can either love or hate, but cant ignore all together. Major economies worldwide have already understood its massive potential and paved the way for bringing upon crypto regulation for integrating the same in their economical proceedings. Countries such as South Korea, US, Japan and Russia have assumed the role of being flagbearers in this journey towards crypto freedom. At the same time countries such as China are trying to bring upon a complete crypto ban to safeguard its citizens from the pangs of the associated money laundering. But given the current state of affairs, a complete crypto ban would actually end up isolating the economy and the government from the global cryptocurrency radar.