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?
the fact is banks are very afraid of the existence of Bitcoin because it will be a competitor for them, imagine if many people who withdraw their money from the bank in large numbers and invest it into Bitcoin of course it will be very detrimental to the bank. but the government thinks I am not afraid of the existence of Bitcoin, they just want that Bitcoin can be controlled with clear government rules that are part of the government's stabilization in the economy and can help the government's economic growth with that rule which leads to a tax of Bitcoin income and etc, for state and government finance. that's what I can describe about government and banks.