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It is not tied to any gov policy and/or geographical location / country. It is tied to people's willingness to use it as money. That's all.
It is tied to peoples' understanding of state control of money, and realising that a separation of the state and money (similar to the separation between state and church) is possible.
Thus it is also tied to a little bit of anti-authoritarian, anti-control ethos, which, however marginally, is present a bit in the US only, and, as I said, Switzerland. Most other countries are full of sheeps accepting whatever the powers that be feeds them.
Hence the question.
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