banks loosing money in scams then why to appose crypto??

[khelan]

Why banks and government are appose crypto. I think governement has to think about it else every middle man has to suffer the scam. richer become richer and poor become poor day by day. what you think is crypto can change this situation and make india scam free???

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[Sgrocks]

Currently In India no one able to Understand how Crypto and Bitcoin works which leadings to So many related scams.
Like Selling fake coins, promising to provide bitcoin for cheap, etc.
Other factor is money laundering and Non stability of price changes in crypto as it's not regulated by any Government.
They simply can't understand it yet and hence declaring it illegal.

That's what they want us to believe

Now on topic or the main thingy
They can't find a way to scam in this as price is non stable
They will later come up with their own Coin which will be used by Netas for more scams :/

[RameshSekar111]

Banks can't accept bitcoin. If they accept they need to lower the transaction fees and they can't fine us in the name of minimum account balance (MAB).
Bankers can't even understand cryptocurrency.

[cryptomoon1002]

banks can accept cryptos and will accept cryptos in future..

[archanasyu]

Banks are robbers they restrict others from getting their money

[btcblockchain]

yes banks losing money every day we see one scam or other are popping up every day worth hundred of crores but banking system feel crypto is real fraud

[The_Don1]

Why banks and government are appose crypto. I think governement has to think about it else every middle man has to suffer the scam. richer become richer and poor become poor day by day. what you think is crypto can change this situation and make india scam free???

"richer become richer and poor become poor day by day" its congress statement seems going to be true soon :v

[onrise]

yes banks losing money every day we see one scam or other are popping up every day worth hundred of crores but banking system feel crypto is real fraud

Because banks do not want more money to be lost. They want to safeguard as much as possible and do not think they can better control crypto or virtual currencies as it is not regulated by Indian govt. So better to avoid it is what banking people would be thinking.

[bright07]

Government banks do not say anything about it yet but it has been launched in many private banks which do exchange of bitcoin. Its possible that bank will accept it.