No, the bankers are causing the cryptocurrency ban, they are technically rich people but generalizing is not a helpful aspect of the argument. How come rich people invest money in bitcoin, look at Grayscale, Microstrategy, Tesla, Square and other companies that bought bitcoin, they are rich people then how on earth are they causing the ban when they are buying a lot of bitcoin, it won't be profitable for them if their peers were to ban bitcoin, the only reason that the rich are banning bitcoin is they are suppressing those below them.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
*They are or might be threatened that bitcoin will give the people financial freedom even though they are investing in it.
*There are no big enterprises that accepts it yet and your local market wouldn't bother integrating their measly stall with cryptocurrency payment option.
*If we are being real, the only threat is the ability to use it for money laundering, doesn't matter how some people say that bitcoin is "pseudonymous", it can still be used.
There is no clean money, no matter how hard they try to launder it. As a rule, official words are needed only to mislead, to say one thing, but to do something completely different ...