So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
They are scared of being replace by crypto if more and more individuals in their country start to use crypto and not what the banks are able to offer they will slowly get forgotten and being replace. I am also not sure of why so many banks are afraid of crypto as we will still need banks for other purpose.