So many countries now were prohibiting the use of virtual cryptocurrencies.
no not really. there are some handful of them that actually banned them. i think there is either 2 or 3 countries. the rest have banned illegal activities such as money laundering and ICOs not cryptocurrencies.
And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies.
you are wrong again.
there has been many people who invested in them but at the same time many of them were idiot enough to invest in bad things such as ICOs and lost a lot of money.
Banks doesn't expressly say why it is banning the use of Bitcoin.
because they have NOT banned anything.