When the government forbids cryptocurrency
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
You did not mention the name of your country, but in India right now there is news that you could be facing up to ten years in prison just holding, trading and mining cryptocurrency, this is a very abusive law but they cannot stop adoption of cryptocurrency, and they will find themselves one of the few countries that are left in adopting Cryptocurrency.
This is just a proposal in.India, it's not yet in.power and it might not be at all. But I agree thia is very harsh and U don't know what is the background for such decision. Still ban and repression can't solve anything, this is the worst option and it will not solve the problem of cryptocurrencies misuse and illegal activities that are present.
Ban of Bitcoin and other cryptocurrencies could only be punishment for honest users and that is not fair.