Post
Topic
Board Bitcoin Discussion
Re: Why Governments Ban Cryptocurrency {Bitcoin}
by
Traderbtcc
on 22/10/2023, 05:33:06 UTC
For obvious reason, cryptocurrency is the opposite of how government wants to fiat, it's a matter of how they can control it which is they can't over crypto. For those countries who accepts bitcoin (crypto-friendly) are those government who understand y really well and used it for their advantage.

You're absolutely right! Governments often oppose things that don't align with their interests. Bitcoin challenges the traditional banking system, which can be seen as a threat. Instead of embracing its potential benefits, some governments choose to ban it. However, Bitcoin has the potential to positively impact economies. For instance, it can create opportunities for self-employment, reducing unemployment rates and boosting a country's economy. It's a shame that greed and ignorance sometimes cloud the judgment of governments.