Any intity that wants to ban gryptos is because they feel it threatens their business model. They want to control everything and increase their profits. Bitcoin showed them how much it can grow so now they either ban it or regulate it for their profit.
I believe the next era will be taken by privacy altcoins as they are immune from regulations. One that comes to mind is DeepOnion. Anonymity through Tor and decentralized among many other features. The coin is being distributed publicly for free via airdrop and the mobile wallet is ready and being tested as we speak.
Topic: Why bitcoin and other cryptocurrencies are banned? - page 2. (Read 188 times)
Some banks and corporations said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. Banning it because they don’t want the credit risk associated with the transactions. Some says that allowing purchases of cryptocurrencies can create big headaches for lenders, which can be left on the hook if a borrower bets wrong and can’t repay.
Not all banks in the country prohibit bitcoin and cryptocurrency, depending on the country. For example, Japan and South Korea allow it, but there are many reasons for prohibition, mainly because the cryptocurrency is not under the control of the state. If it becomes the mainstream currency, the country Can not control the economy, and secondly, the investment risk of cryptocurrencies is too high, despite the high returns, but the government will not allow people to participate in all these.
Some banks and corporations said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. Banning it because they don’t want the credit risk associated with the transactions. Some says that allowing purchases of cryptocurrencies can create big headaches for lenders, which can be left on the hook if a borrower bets wrong and can’t repay.
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