Instead of embraceing crypto, many countries are still pursuing the "ban it" approach.
This ignores the simple fact that crypto, like the internet is global.
What one or even a few countries do, means little in a global sense.
For example while South Korea has banned ICO's in their own country, they allowed people to participate in ICO's in other countries, which lead to 'paper companies' being setup offshore.
Surely a better approach is to keep things 'in house', at least the country could and probably would benefit from the crypto global transition. Their approach is a bit like banning the internet, but allowing VPN's.
Maybe this approach, which is similar to India is an example of what not to do.
More confusing is the USA where some states, promote crypto, some call BTC "money" some allow taxes to be paid with BTC and a whole range of odd ball differences between states. Again, it surely is better to have a whole nation approach.
And that is where the problems start when rules are being made.
Many countries inc the USA try to apply old-school rules like SEC to the new digital world, and this is proven strange when the SEC don't have the inhouse know how to even build a report engine for blockchains and have to outsource it.
The world will be different with cryptos. They offer so much and not just 'money', but databases & logistics & more.
Trying to hold back the tide has never worked in the past, I doubt it will now.
https://www.ccn.com/why-south-korea-ban-crypto-ico-risk-billion-dollars