Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Regards
Like you, I also don't know why there are still some countries who banned cryptocurrencies in their area even they already know the technology behind it and how it can help people who are really needing money. There are also new published ICO's which have a restricted countries to buy tor use their tokens.
As we know that the government won't allow intimidation from something it can't control. And you know that government want total control and if it can't have it then it considers cryptocurrencies an evil that must be killed. I think the major reason for banning cryptocurrencies is that governments hardly understand them, but most glaring is the hype about them taking over traditional fiat money and monopoly from banks. Right mate?