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RE: Crypto crackdown in progress: It may only be a matter of time before your bank blocks you from purchasing crypto
There are so many poor people in India and now they just ban Cryptocurrency there? Sounds like a terror regime to me.
It is also possible that certain powerful individuals in government view all who have cryptocurrency as tax cheats, money launderers, criminals, etc, as people in these government positions are inherently suspicious of their citizenry.
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It is what it is. Certain powerful people may in fact view all who interact with crypto on any level as the "enemy" or "bad guys" or "criminals". Some people take a dramatic black and white view of the world where you either see things their way or you're with the criminals. So just by using a cryptocurrency innocently on Steemit there could be some bank executive who read some article which made the biased case that cryptocurrency only exists to fund criminal activity.
It's a matter of information being distorted, fake news, irresponsible memes, which influence important power brokers who can determine whether or not an entire industry must be banned.
Seems like people cannot even draw a logical conclusion today.
I wonder how fucking rotten their brain looks like.
"Omg news said Crypto is evil, ban this crap!"
I doubt they are this stupid.
Cryptocurrency enables freedom and the government is all about controlling the people. It seems they do this because they are afraid to lose control.