Part 3/7:
Once the initial denial is overcome, frustration and anger take hold. Andreas describes this phase as characterized by vocal opposition: "This is not correct. It must be stopped. Make it illegal. Ban it. Only criminals use it." This stage reflects the instinct of many incumbents to protect their interests at all costs. For about a year, efforts focus on legislation and regulation aimed at curbing or banning cryptocurrency activities, with limited success. The resistance here stems from fear of losing control over the financial ecosystem and the existing economic power structures.