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?
There is a strong reason behind this issue, Day by day Bitcoin and blockchain system is becoming a very popular platform so that The formal institution is taking this rising platform as a thread for them. Not only that but also Bank is passing a very worst moment in their history that's why they are in a dangerous situation. So they are not tolerating any more competition in this monetary system. That's why They are afraid of Blockchain system.