Post
Topic
Board Press
Re: [2019-09-07] Bitcoin Trading is now Banned in Burundi
by
DooMAD
on 08/09/2019, 22:43:13 UTC
It's almost a pattern already that poor and underdeveloped countries are the quickest to ban crypto - I wonder why? Do they feel threatened the most, or is it just lack of competences from the government?

Those governments feeling the most insecure can't be very confident in their grip on power, I guess.  If you want to control the people, it helps to be in control of their money.  As someone on the outside, looking in, it would appear they can't see Bitcoin providing any benefit to their (seemingly oppressive) regime, so instinctively seek to limit its use.  Seems like restricting freedom is a natural reaction for places with such well documented human rights violations.