Governments Will Not Ban Bitcoin Because They Need Crypto Funds For Secret Operations

Every some time, we hear how bankers comment negatively about Bitcoin and virtual currencies saying that governments will ban them. But these comments may be totally positive for cryptocurrencies and for the market.

It is obvious that if virtual currencies expand, they are going to hurt banking operations and profits. In general, bankers will try to lobby against the new growing market and try to generate crypto bans.

It is worth marking that at the moment, no government was able to ban virtual currencies. Instead, Central Banks did it, which are not really part of the government. For example, the Bank of England was created when banks got together so as to coordinate themselves. The same happened with the FED, which is partly owned by banks.

Of course, banks didn’t hide their disdain for cryptos, but governments are different institutions and organizations. But here is an important question: why would governments want to ban cryptos when it is even technically impossible?

Europol for example, said that they have Bitcoin and that they have also some blockchain skills. On July the 13th, a document revealed by the US Justice Department says that the Intelligence Directorate of the General Staff in Russia used bitcoin so as to undertake a hacking operation.

But Bitcoin is probably used in intelligence operations that include agencies from all over the world, including British, German, Russian and Chinese.

Currently, digital cash does not exist in a different way than cryptocurrencies. Those digital assets allow to easily transfer value in seconds at very low costs. And intelligence agencies need to do these kinds of transactions, fast and without fees. Why to use papers when it is possible to do it through the blockchain?

But of course, there are some problems in the crypto world, and developers need to solve them as soon as possible. This is a new technology that is being used, investigated and developed at all times. It should be allowed and encouraged to flourish.

This is a war between bankers and cryptos, that we have seen in the past. Blockbuster has been replaced by Netflix, Kodak cameras have been replaced by Smart Phones, and Nokia phones were replaced by the latest mobile devices with applications and cameras included.

Cryptocurrencies are in a similar situation, they will be revolutionizing the financial world, and banks will be harmed because of them. Those who are able to react on time, and enter the market as active players will be ultimately able to survive.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI’s Andre Cronje isn’t Going Anywhere; ‘This Space Won't Get Rid of Me'

Andre Cronje, the guy behind yEarn and the popular YFI, is not leaving the cryptocurrency space any time soon, at least, “until there is...

Crypto Mom, Hester Peirce, Secures Second Term as SEC Commissioner Through 2025

The US Securities and Exchange (SEC) Commissioner Hester Peirce, aka “Crypto Mom,” has been confirmed for a second term that will last till June...

yEarn Expanding its Ecosystem to Bring in Hot DeFi Tokens into the Mix

DeFi craze continues to get hotter as the system grows. yEarn’s zero supply valueless token YFI climbed to a new high today at $5,300 and...

Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the...

DEX Leader Raises $11 Million in Series A Funding for Uniswap V3 Following an Explosive Month

A popular and widely used decentralized exchange (DEX) Uniswap has raised $11 million in Series A funding led by Andreessen Horowitz with additional investment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today