I seen that cryptocurrency want to be highjacked by rich people, looking around countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.
* 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?
Just by considering the fact that cryptocurrency are decentralized currency, we can already claim that the government wouldn't tolerate the use and legalization of it. Indeed, rich people are the one that has the capability to make crypto gain attention from the government as they continuously keep on investing on it. Aside from the fact that crypto is gaining much attention right now, another reason could be because of the illegal transaction being made with the use of it. Each transaction can be made anonymous which entertains illegal dealers to use it as a mode of payment which can be detrimental for the country. I can't see any threat posed by bitcoin which may cause it to get banned, only if people would start choosing crypto over fiat cause the government wouldn't be making any money out of us anymore.