Topic: Banks are used for criminals, will governments ban banks? (Read 484 times)

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.

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.

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.

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. 

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.

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/.

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.

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.

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.

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.

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

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.

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.

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.

Banks are used for criminals, will governments ban banks?


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

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.

Q:  What is the difference between Organized Crime and Government?

A:  The Organized part.   

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.

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 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.

You really know the government, they always find an excuse to defend themself so that the public won’t know that they are the main criminals, did you know that banks are corrupt than cryptocurrency, they have been using bank for other business is not today and the reason why the government is fighting against cryptocurrency is because the banks didn’t have value Ito people like before, many people don’t keep money in fiat any more and even if they do they will keep it in some online bank like OPay and all these banks that you can register without no stressing to go to the bank and waste your time.

Again I think the major problem why the government wants to ban cryptocurrency is because they don’t see more opportunities to steal people's property and big charges as maintenance fees from people like before, even before the first time I heard that the government was fighting against cryptocurrency I knew that they are doing that just because they don’t want their secrets to expose and also they don’t want the way they use to make money to be blocked, many countries support cryptocurrency and nothing happens to them but some countries just find it hard to understand because of their greed.

The bank is government and the government is bank because most of our politicians have these Bank shares in their investment portfolio and are mindful about how they deal with banks, Right from time when Bitcoin wasn't in existence, bank has always been used for money laundering and criminal activities, and the government isn't doing much about it. Why I do think the government isn't taking it easy on Bitcoin and cryptos is that they can't totally control it and are looking for every means to paint Bitcoin bad as if it is the highest means of laundering money.

See, every human being in our world is very vulnerable to power and money. Everyone wants to control everyone and have a lot of wealth under his control. It seems to me in general that when a country approves cryptocurrency or bitcoin it does so because the financial resources are not under their control since cryptocurrency is a blockchain-based system. This is why they do not want to cancel the banking system even though there are many irregularities and illegal activities in the banking system. Moreover there can be many economic conditions within the country that can cause them.

There is one other difference with banks, besides regulation. Banks in the West actually create new money out of loans. This devalues all the money, but the banks hold the money that they created. So, they win big. Their owners control the world through their cheating finance, but are not necessarily part of the formal governments of the world.

Think about this. $billions in bank loans for Ukraine and other countries means additional $billions for banks. If the bankers handle the new money wisely - so that the system doesn't collapse in on itself - they rule the world through finance.

The only difference was banks were completely regulated while they can’t fully regulate crypto currency in general since it’s using a permission less blockchain network technology that’s why government can’t regulate it directly. They are only regulating exchange but the crypto itself can’t be controlled.

Banks is helping the government to detect this criminal funds actively through AML policy while crypto doesn’t have this feature since it’s meant for decentralized feature.

So government will never ban something that they have complete control even though it’s being use by criminals.

why doesn't the government ban banking even though it is often used by criminals for their criminal actions? but when it comes to cryptocurrency, the government immediately bans it on the grounds that criminals are using it? the reason is very simple because banks are products produced by the government, while cryptocurrency is not. banking can be easily regulated and monitored by the government, while cryptocurrency is quite difficult to monitor and manipulate by the government. that's why the government tends to be more pro banking than cryptocurrency, because they don't have the ability to fully control cryptocurrency.

Can you destroy your personal business that is bringing income to you? No, because that is where your sources of income is coming from and likewise the government, they will never accept that bank are use for criminals, because that is where their income is coming from and some of their officials use all those banks to move money from government account to unknown accounts.

 Government control banks in the society, which it will be difficult for government to ban bank that is generating revenue for the government to use to develop some sectors in the society, but if government experienced such criminality from cryptocurrency, it will be banned from the society which we have heard many cases like that from some governments.

If government ban bank for such criminality, it will not take the bank months to lift the ban from the bank because some government officials money is be stocked in the Bank, which it will also affect those that stocked their money in that particular bank.

And that's why it is not going to happen, the government created fiat and the banks. For that reason, it's not going to happen even if the world will go through a crisis. The banks are portraying an important role to the society whether we like it or not. The governments can no longer avail to create a new financial system if they're going to ban the banks. They're one of the backbones of the economies and that's why it's hard to think of it with a society that has no banks. Even if we don't admit it, the significance of their contribution is there.

That's right and the government won't do it, even if you go to campaign with that and Bitcoin's price goes up to a million or more. The governments cannot do that.

Exactly. They are for centralization while Bitcoin is decentralized in nature and that's why for that reason, if they'll make a new system, it won't come out from Bitcoin but it's a good alternative and they're free to adopt that without having trouble and without causing that much ruckus for most of the people that are using it already as payment or by simply just holding it.

This might be unpopular opinion but that's why there are huge penalties and that's why they keep on tightening regulations for financial insitutions. They need to weed out criminal activity and corruption, and that's not an easy job. It's not something bitcoin would fix either.

If they would ban banks, what would be the alternative? Since they already have the infra, they rather just make it more airtight, more regulated, and more safe. One of these instruments to build it better is cbdc, and o understand why some people see it only as more control. Even though we don't even know how it would work, and most likely it involves some sort of open source ZK tech, because no one would trust if it would be a black box. This is why i really can't judge the idea of cbdc before knowing how it would even work.

The answer is simple: the government thinks they can oversee everything that is going on in the bank, and when there is any laundering crime in the bank, they believe they can easily detect it. They don't realize that it is not all the money crime in the bank that can be detected. But the problem they have with crypto is because they feel it is not transparent enough. The government knows what they are doing, and I strongly believe that even some money laundering cases are being committed by top politicians and some other people who have political connections. 

Well if governments banned banks they would have to back or create some other form
of financial institution in order to conduct their business, like paying for public sector
services like Police, healthcare workers, emergency workers, infrastructure maintenance,
Housing development etc.

Its too easy to say governments should ban banks but its actually not that easy.

Please dont suggest Bitcoin, they will want something that they can control in the form of FIAT.

We have banks to help government keep and circulate their fiat currency, and so why do you think that they will go against their own. The government owns the bank, and they want people to gain trust on banks so they cover the illegal activities that is going on in banks.

The government don't like bitcoin because it is not from them, and the decentralized nature of bitcoin is a big headache to the government, since they cannot control it. This is why government is trying to fight through exchanges regulations and having the ETFs to enable them have list of people storing their bitcoin in centralized platform, but they will not be able to get those that are purely using bitcoin in a decentralized way. Government hates their citizens financial freedom.

Hahaha, though it sounds ridiculous no doubt, but it's definitely a very good question, would they ban their own? No, I believe that most of these  reason and excuses some government and state are saying is what they just want to put in front as their offense before they issue a ban, so they are just looking for something to hold unto, because they mostly feel that cryptocurrency is a threat to the traditional banking sector.

Lastly, in this life that we found ourselves, we all have to understand that life is all about interest, so the government gets no benefits directly from the crypto industry, unlike banks that contribute directly to the growth of the economy, so looking at it from their own point of view, we might do the same if we aren't enlightened enough to know the benefits of cryptocurrency in our society.

Not just banks, the mode of payment they use is fiat so they should ban fiat money.

We all know that bank give the excuse just to shut the questions raised against silencing the decentralized monetary system but all they want is just want complete control over the money so they can print as much as they want and we people can't know how much they print even.

It's because the entire bank has a huge contribution to the economy of a country and that's why governments don't ban them. They ban if the bank accounts are used for illegal purposes, they ban the owner of that account, and also file some cases related to money laundering or any case that they can file to that person. There's a deep connection of bank institutions and the government and they're working together, remember that there are also central banks for each country and that's why, they can't just ban the banks because it also helps to circulate money in the country.

It's because they're being used for productivity. Once a product is used for illegal things, they're stopping the user itself and not the product. I know that it is what you think but if things are used 'by', not 'for' criminals then everything is going to get banned. Like the cars, they're also used by criminals, malls, stores, etc. All of it to be honest and that's why you can't just ban everything that are used by criminals. They are abused but they're not solely made for those illegal purposes and that I guess did some clarity or if not, not everything that the criminals have used are going to get banned. It's all about the criminals and not the things.

The government currently does not have the ability to control cryptocurrency users from around the world. They have passed KYC, but this is still not enough. The only way to introduce cryptocurrency into the financial system of the state is to abandon traditional currencies and completely transfer banks to cryptocurrency. Only after this entire procedure will there be consequences, some states will introduce taxes on profits from cryptocurrencies, and here users will no longer be able to remain anonymous.

Banks are used for criminals, will governments ban banks?


Government officials are criminals.

Bank officials are criminals.

If we put them together, will two wrongs make a right?

Banks play an Important role for the government and also the entire system at large, there are not dismisable or something that could be scrambled out, they play an Important rolecin the circulation and control of circulation of money, during the no cash policy in my country, everyone ran to banks you know why cause the central banks always realize money to banks first and that's how money spread around and also back to the bank.

So with out banks the country would suffer from improper distribution of funds and the internal economy could just collapse as people might prefer to go back to doing exchange by bater or any other system that cab support trading apart From money.

It is not about banking, actually. It is about control and how governments want to have control over the funds of people, their accounting, their identity and other aspects of our life, regardless whether we are criminals or not.
It is obvious banks will continue to be used as criminals to try to launder money and fund their own operations worldwide, but it is unrealistic to even imagine governments will do anything beyond taking fines to those banks, which are quite small in comparison to the huge profits they get each year by the way.

This is the kind of discussion which reminds me the times in nazi Germany when the members of the party started to bank certain books, but did not banned books as a medium to transfer information. It also reminds me how there is an open discussion in the United States about limiting access to guns because criminals and spread murderers and mass shooters, while on the other hand, they have right to hold self defense.
What we see among banks, Bitcoin/Blockchain technology and governments of those countries is just plain hipocrisy and not wanting to admit they crave for power and total centralization.

They aren't going to ban banks any more than they will ban Bitcoin. Banks are regulated. Bitcoin is too. So what.

Banks can see exactly what everyone is spending, you can not see what payments Banks make, they have a lot to hide.

The way they want to express power and control, and the banking system is something that already exists on a large scale linked to the economies of countries, continents,... so there will be many ways to make excuses.

It seems they also feel that the truth is like blaming some tool just to show its negative side. Like how a knife is used in a murder case, but in other situations it's just to chop an apple, and people blame the knife as the cause, which is really an unjustified blame. It's just that the psychology of the crowd is easily manipulated by influence, so some issues are manipulated, but the main nature is still each person's own behavior, so when receiving power that can be lost, they can may find a way to suppress or defame certain tools.

Banks do process the money from crimes and criminals and banks are the largest and legitimate money launderers. The reason why this happens is the government who are in control of these banks are directly involved or the people involved are in protection of the government. Sometimes the people that do these crimes or protect the criminals and controls these banks are even more powerful than the government and are generally called deep state.
Government if wants and if are sovereign can always penalize or prohibit banks form doing illegal transactions and if they are not, either the government are not sovereign enough or are themselves the criminals or are operated by criminals.

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.

And here is the answer to your question.

Banks are centralized, which means, if necessary, goverment can issue them a fine and get money from them (from us). And who should I issue a fine for cryptocurrencies in blockchain? That's right - no one and the reason is decentralization (let's pretend that all cryptocurrencies, except bitcoin and a couple more, are also decentralized).

This “magic phrase” allows you to stigmatize (ban) and demonize (reduce interest) in the eyes of society in almost everything, and not just in cryptocurrencies.

Of course, such statements sound hypocritical.

Not bad, right? Even with these huge expenses, banks still remain profitable. This is a reason to wonder whether cryptocurrencies really have dizzying returns? It was not in vain that Charlie Lee sold all their litecoins he had and bought a bank (WEG Bank AG).

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.

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

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.

Before introduction of cryptocurrency money laundering is already in existence, but since the introduction of bitcoin in 2009 bitcoin has be established, and its obvious that governments seems bitcoin as one of major elements use to extort money from people and also seen Bitcoin as easiest way of committing money laundering whereas before bitcoin existence all this things is already evokes or exist, so the thing is governments is against bitcoin and that's while they wants to allow bitcoin stand firm, but the situation and the level bitcoin has been, I believe that bitcoin can no longer been destroyed by government.

The is alot of irregularities or illegal act's going on in banking system but governments can not concentrate to figure out those irregularities in banking system, but I don't know while governments refused to fight banks while illegal things is going on there.

governments don't want to ban banks because they feel banks operating system is centralized while bitcoin is a decentralized way of banking system in cryptocurrency, they can easily access banks and also figures out the database, while the privacy in bitcoin is what's makes them to feel uncomfortable with cryptocurrency, for example when you transfer money from one bank to different banks and brand, it will be easy for governments to detect and monitor how the funds went through, but in cryptocurrency mostly Bitcoin when use mixer to mixer your coins, it will be difficult for governments to trace the transaction history, and we know that with mixer it can be traceable, so that's one of the major reasons governments fights existence of bitcoin.

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




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?