Banks are used for criminals, will governments ban banks?

[passwordnow]

Why governments don't ban banks even banks are used for criminals?

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.

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.

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.

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

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.

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

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.

[Zanab247]

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.

[moneystery]

The most common reason governments say when they announce to ban or sanction anything in blockchain and cryptocurrency is "It is used for 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.

[AbuBhakar]

The most common reason governments say when they announce to ban or sanction anything in blockchain and cryptocurrency is "It is used for criminals".

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.

[BADecker]

The most common reason governments say when they announce to ban or sanction anything in blockchain and cryptocurrency is "It is used for criminals".

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.

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.

[MissNonFall9]

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.

[Franctoshi]

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.

[HajiBagi]

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.

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.

[Volimack]

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.

[kentrolla]

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.

[Ever-young]

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.

Why governments don't ban banks even banks are used for criminals?

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

Why governments don't ban knife, gun, email producers/ companies because they are used for criminals?

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.

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.

[C10H15N]

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

A:  The Organized part.   

[Cryptoprincess101]

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.

[BADecker]

Banks are used for criminals, will governments ban banks?


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

[MissNonFall9]

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 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.

[BADecker]

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.

[oktana]

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.

[Fullbear2222]

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

Violation Tracker Industry Summary Page

Industry: financial services
Penalty Total since 2000: $388,802,802,308
Number of Records: 7,734

Note: The totals include only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. The totals are adjusted to account for the fact that each parent's entries may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. They are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the individual records list below.

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?

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

[Kristiyana]

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.

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.

[BADecker]

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.

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.