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?
Banks is a business so if investors pick bitcoin to use for a transaction, banks will lose its support and no money will enterin their pocket. On the other hand government wants to rule over bitcoin and wants to be the main blockchain and generate some tax according to the recorded transaction made. This only my opinion as what i analyzed in every news that i read about cryptocurrency.