It makes them look weak and hypocritical, and that weakens their perceived authority.
I don't think so, as subcontinent is prone to dirty politics these 180 degrees turns hardly make a dent. Also, The majority of These countries have lower Education standard, They see roads and parks as development and the work of their politicians, they hardly care about what government policies are.
That is where Silicon Valley season 6 will be made? Oh no bollywood invasion hehehe.
Lmao xDD, I don't know how pied piper will adjust to that. Imagine Season 6 being directed by an Indian. I can't even imagine the dramatic effects the season will have... xD
But also, there are the corrupt bank executives. They do not want competition on their money laundering and tax evasion services that they provide for the politicians, the criminals and the elite. Bitcoin will break that monopoly, I reckon.
I kinda disagree, most of the politicians are businessmen, they can easily get away by setting up Offshore companies. They don't need the banks as much I reckon. But I do agree with the threat bitcoin posses to the banking system.
There was also someone in the forum who mentioned that the government does not want the average joe to have some money laundering abilities through bitcoin.
Isn't this what every government wants?