China bans financial, payment institutions from cryptocurrency business

https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18/

So, what do you all think, will other governments follow suite?

Like the US government, at this time with the US dollar they can just print new money when they need it and as much as they need. But with cryptocurrencies governments are helpless and can not just print money out of the blue, so I can understand crypto is a threat to any governments around the unless they embrace it wholeheartedly for the people to help the people. After all, governments where created by the people in most countries to make the country better.