Can the banks challenge the policies from the government? Are the banks working for the people or the government? is there any possibility that banks can operate freely entirely from government policies?
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I wouldn't blame the bank because they are operating based on government regulated policies and their license comes from the same government and so they just have to take orders from this regulated bodies.
Like wise the government are fighting hard to stop crypto because they fear losing out control of their citizens funds and as such can't decide what goes around in the economy. If we should be practical a bit banks had a return of investment after crypto currency became a global business option and so both parties are collaborating to see how they reduce crypto investors to its minimal which can't happen no matter the treat