Banks are used for criminals, will governments ban banks?

Bananington

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Quote from: DeathAngel on June 14, 2024, 04:06:04 PM

Banks can be used by criminals for illicit activities governments are very, very unlikely to ban them entirely. Banks play a huge role in the global economy facilitating financial transactions, promoting economic growth & providing essential services to individuals & businesses. Instead governments focus on implementing robust regulations & oversight to help to stop financial crimes like money laundering & fraud. Things like Know Your Customer (KYC) & Anti Money Laundering (AML) policies are in place to identify & prevent illicit activities ensuring the integrity of the banking system.

The government are the banks because the banks take orders from the government. The government will not ban one of their own institutions but they will bring up different excuses to allow the banks to continue functioning when they are failing. Banks are supposed to help us save money but they don't.

They help us to spend it right now. Criminal use banks more than they use Bitcoin but the government will not speak on those issues but will prefer to ban Bitcoin because they can't control Bitcoin. KYC could have other intentions behind them but we won't know because we think the government wants to protect us. If the government loves us why haven't they not been able to catch all the criminals making use of banks and they have all the precautions presents to make it impossible for scammers yet they are still having bank accounts and carrying out fraudulent activity.

Ever-young

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Quote from: _act_ on June 01, 2024, 05:51:39 AM

For government to ban banks, it is like the government wants to ban what they created without no alternatives. They are the ones that created the fiat which banks are using to keep people's money.

If you ask them that why are there dirty fiat? I mean the ones used for criminal activities, especially online. They will tell you that bad actors are still seeing loopholes that they can use to scam people to pay them fiat. But if it is crypto, they will say it is used for criminal activities. The central banks have this stupid mentality.

But most countries are in support of cryptocurrencies. Only few countries ban it.

Yes, that's right, there are some countries that ban crypto but as for Nigeria, they don't only want to ban crypto but also want to destroy it by all, which is impossible for them to do that.

They can't ban banks because banks be like the one feeding them, which might make them to lose enough money, that is why it's difficult for them to ban banks even when they find out that they are doing wrong unlike crypto that they can't be in charge, that is why they want to ban it, since they are not doing what it's require by thr crypto people, that is why they want to destroy it by all means but my happiness is that no matter how they tried, they can't destroy it.

MissNonFall9

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Quote from: GxSTxV on June 14, 2024, 03:27:41 PM

I believe the point with government for banning cryptocurrencies and anything related to blockchain is because they know this is a solution for people to get some freedom and run away from their control of everything and braking all practices for normal people. It is nothing new to me that banks are already used by governments and most of the owner are either politicians or works for the government, sharing all their customers data and information to control everything, from transactions to private purchases or anything someone do with his money.

Their argument to ban and prohibit crypto is always about criminal uses of this market, while there are more dangerous sources out there legally used by everyone and helping criminals as well. For instance, in a war between two sides, the ones prohibiting crypto is to forbid other people to donate since they will clearly stop bank services towards their enemy.

You are absolutely right that the society or the country does not want anyone to gain freedom anyone to break the practice of everything in the country especially the society does not want anyone in the society to live with their head held high, the society prefers a low head. Since banks follow all government regulations there is no government hassle against the banking system but since Bitcoin gives people the freedom of economic movement, Bitcoin is so tightly regulated.

oktana

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Quote from: BADecker on June 14, 2024, 03:17:25 PM

Quote from: oktana on June 13, 2024, 06:59:06 PM

Indeed I agree with you on this. The ban once cryptocurrency is somewhat unfair because knife, guns, etc are weapons, but they have other uses and the essence of it depends on the user. Guns are being made legal forgetting that some can literally shoot another and it won’t be traced. I don’t see how that’s a lesser crime than someone who uses crypto for money laundering because from what I know, life should be more valuable. I guess there are other reasons to the ban of cryptocurrencies than what they claim.

Anybody can make his guns easily, at home - https://www.youtube.com/results?search_query=slamgun.

The best bet is for the public to be required to wear a gun when not on their own property.

Banning crypto won't really make them smell any better.

Nice to learn about this. Looks quite easy to achieve. But it’s more than just creating guns at home. Majority of people buy guns and register them to their name or whatsoever. So I’m talking about how the government has made it legal to buy a device which can be used as a weapon of destruction while they are attacking/banning Bitcoin which too should be seen as a device depending on the user.

uchegod-21

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Quote from: MusaMohamed on June 01, 2024, 04:51:52 AM

The government will not ban the banks because they own the banks or the banks work for them or they work in tandem. You can easily punish what you don't endorse when it is offensive but you will try to defend something you endorsed. Apart from that, the bank and other financial institutions are agencies through which the government regulates and control the economy. They are part of the government, a government which goes against itself is unwise.

I also think that if all exchanges implement KYC and maybe mixers do also (which is against their purpose), there will not be much problems with bans because the individual criminals could be fished out.

BADecker

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Trump is looking at the idea of shutting down the income tax if he is elected. Since the IRS tax is what determines the amount of money government can borrow from the banks, this would mean no more money to Ukraine, because there would be nothing to repay government loans. The whole Fed banking system might come crashing down.

Trump Drops Bombshell Proposal: Allegedly Suggests Eliminating Income Tax in Favor of High Import Tariffs During DC Republicans Meeting - https://www.thegatewaypundit.com/2024/06/trump-drops-bombshell-proposal-allegedly-suggests-eliminating-income/.

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DeathAngel

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Banks can be used by criminals for illicit activities governments are very, very unlikely to ban them entirely. Banks play a huge role in the global economy facilitating financial transactions, promoting economic growth & providing essential services to individuals & businesses. Instead governments focus on implementing robust regulations & oversight to help to stop financial crimes like money laundering & fraud. Things like Know Your Customer (KYC) & Anti Money Laundering (AML) policies are in place to identify & prevent illicit activities ensuring the integrity of the banking system.

GxSTxV

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I believe the point with government for banning cryptocurrencies and anything related to blockchain is because they know this is a solution for people to get some freedom and run away from their control of everything and braking all practices for normal people. It is nothing new to me that banks are already used by governments and most of the owner are either politicians or works for the government, sharing all their customers data and information to control everything, from transactions to private purchases or anything someone do with his money.

Their argument to ban and prohibit crypto is always about criminal uses of this market, while there are more dangerous sources out there legally used by everyone and helping criminals as well. For instance, in a war between two sides, the ones prohibiting crypto is to forbid other people to donate since they will clearly stop bank services towards their enemy.

BADecker

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Quote from: oktana on June 13, 2024, 06:59:06 PM

Indeed I agree with you on this. The ban once cryptocurrency is somewhat unfair because knife, guns, etc are weapons, but they have other uses and the essence of it depends on the user. Guns are being made legal forgetting that some can literally shoot another and it won’t be traced. I don’t see how that’s a lesser crime than someone who uses crypto for money laundering because from what I know, life should be more valuable. I guess there are other reasons to the ban of cryptocurrencies than what they claim.

Anybody can make his guns easily, at home - https://www.youtube.com/results?search_query=slamgun.

The best bet is for the public to be required to wear a gun when not on their own property.

Banning crypto won't really make them smell any better.

Kristiyana

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Quote from: Solosanz on June 01, 2024, 05:34:29 AM

Bitcoin is actually 100% transparent and anyone can trace where the coins came from, unlike transactions in banks where someone who have power can delete or manipulate the transactions.

That is true is very easy for the bank to hide any transaction or manipulation it but in terms of Bitcoin there is no way you will be able to keep away people from seeing all the transactions you have made and they can easily be traceable, perhaps that's even the best reason why it would have been more encouraging if all the transactions will be done via Bitcoin transfer so that it can easily be monitored as Bitcoin is very transparent.

Fullbear2222

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Quote from: MusaMohamed on June 01, 2024, 04:51:52 AM

The most common reason governments say when they announce to ban or sanction anything in blockchain and cryptocurrency is "It is used for criminals".

See what banks are used for?
For criminals.
And how much some parent companies of banks had to pay for penalty?

https://violationtracker.goodjobsfirst.org/prog.php?major_industry_sum=financial+services

Quote

Violation Tracker Industry Summary Page

Industry: financial services
Penalty Total since 2000: $388,802,802,308
Number of Records: 7,734

Note: The totals include only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. The totals are adjusted to account for the fact that each parent's entries may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. They are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the individual records list below.

The total paid $ for penalty is $388.8B, it's not small.

The discussion can start with

Why governments don't ban banks even banks are used for criminals?
Why governments don't ban knife, gun, email producers/ companies because they are used for criminals?

They can Do crimes but they pay fines penalty and don't talk about this anymore.
In their daily lifes they wear suit and act nice they take dirty money they pay penalty just and criminals who give them will go jail yet they will just pay penalty.
But If nobody from the non crime circles don't know about it then it's all fine think about how many polite people you see daily in city they act nice and look like they are very honest but in reality they might be involved in bad things for them it's just business and nobody don't talk about this in their daily life they are just well known successful business people and probably nicest people who you ever meet in your life nothing about them wich show's they might be involved in bad things.
But every BIG criminal needs the small criminals because someone must do the low paid dirty crimes and money will be going into top of the food chain.
And Even If we don't feel direct harm one day the not legal guns sold on Dark Market Will harm just accidently those bankers friends or own people becouse some grazy person bought gun from the dark Market no matter how Nice someone is acting If the actions not Nice they harm society but they have karma one day for sure.
So that's how it is with them

oktana

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Indeed I agree with you on this. The ban once cryptocurrency is somewhat unfair because knife, guns, etc are weapons, but they have other uses and the essence of it depends on the user. Guns are being made legal forgetting that some can literally shoot another and it won’t be traced. I don’t see how that’s a lesser crime than someone who uses crypto for money laundering because from what I know, life should be more valuable. I guess there are other reasons to the ban of cryptocurrencies than what they claim.

BADecker

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Banks are used for making money for the banks.

Banks deposit the promissory notes from loans into the bank like a check or money order. They got paid thereby for the money they loaned - https://duckduckgo.com/?q=Tom+Schauf%2C+bank+freedom&ia=web. Then banks get paid for nothing over the years by the repayment of the loans by the so-called borrower... plus interest.

Since banks operate this way, they are happy when the government borrows more money to send to Ukraine, etc. They can't lose, even if the government can't repay the loans. The loans were prepaid with the promissory notes.

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MissNonFall9

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Quote from: kentrolla on June 09, 2024, 05:49:08 AM

Banks are the largest criminal organization operating in the world and they have been doing all sort of transactions for directly money but now blaming crypto currency for it as if money laundering never happened before the introduction of crypto currency and i would say banks have to be regulated with further checks as they are the biggest criminals in my eyes.

Banks are created to transfer people's money. It is created to simplify and streamline all financial-related activities of people. However there are some people who use this medium to organize criminal activities. Again there are some unscrupulous people involved in bank management who are involved in scams and help in criminal activities. It is not the bank's problem but in some cases the lack of emphasis on the control system of the bank is a big problem. But the government should approve cryptocurrency or Bitcoin because through it many unemployed boys can create their own employment thereby contributing significantly to the country's economy.

BADecker

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Banks are used for criminals, will governments ban banks?

Of course not. They will make more. More will rob the people easier.

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Cryptoprincess101

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Even before Bitcoin was created, the Bank was already a medium used by criminals and for money laundering and nothing serious have been done to those who involves in these acts even when the government have their personal information in their data so in my own Opinion, we just switched over to financial freedom because we are fed up with lies and deceit by the government.
The only reason why the government can't fight Banks is because they are their creator so impossible for them to destroy what they created and since they have seen that bitcoin is the end to financial slavery and inflation, their reason for not granting full acknowledgement because they have been beneficiaries of inflation since the creation of Fiats.

C10H15N

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Ever-young

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Quote from: Solosanz on June 01, 2024, 05:34:29 AM

Bitcoin is actually 100% transparent and anyone can trace where the coins came from, unlike transactions in banks where someone who have power can delete or manipulate the transactions.

Quote from: MusaMohamed on June 01, 2024, 04:51:52 AM

Why governments don't ban banks even banks are used for criminals?

Because the government itself is the criminal. Why need the criminals need to ban something that give benefit on them? this is impossible.

Quote

Why governments don't ban knife, gun, email producers/ companies because they are used for criminals?

They will say these things are useful and they're not essentially created to harm someone. Nothing surprising since the government always have double standard.

You are totally right, it's still baffled me why the government wants to ban crypto knowing fully well that it's very very beneficial to us and to them as well, in essence of serving as a help to them by creating job opportunities for the people.

Also they are not happy because crypto is existing unlike as they are in charge of our banks, which they do it according to their wish, banks pays our government from our own hard earn money all in the name of charge or fees but having money save in crypto is very good and transparent just as you said, which we can control our money and nobody has to remove it without our permission.

kentrolla

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Banks are the largest criminal organization operating in the world and they have been doing all sort of transactions for directly money but now blaming crypto currency for it as if money laundering never happened before the introduction of crypto currency and i would say banks have to be regulated with further checks as they are the biggest criminals in my eyes.

Volimack

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Banks are involved in various criminal activities and transactions are made with banks to launder money. Banks usually work in the interest of the government, it is under the complete control of the government, so the government can never ban the bank. Banks will be required to use fiat currency. As people were more dependent on banks prefer to keep money in banks for future.

Topic: Banks are used for criminals, will governments ban banks? (Read 486 times)