A good read on the topic if you have the time
https://cointelegraph.com/news/banning-cryptocurrencies-to-counter-crime-is-a-nonsensical-excuse
Such nonsense efforts from big countries like China, India to ban crypto is so disappointing, I really wish they spend time regulating it instead of banning it entirely.
I think most of banks are afraid of crypto because it will replace crypto bank in the future. They are trying to ban crypto. Why ? They will avoid future business bankruptcy. The problem isn’t in criminal activities 
the problem is in business
So right!
Because they can’t tax it, or view it
Been in crypto since 2015 from the inside, I can say that some sort of regulations are NEEDED
It’s too much of a no man’s land or Wild West, it’s too much user unfriendly still and too many hackers/scammers around for it to become mainstream and widely used, especially for older generations
In 2017 there was the ICOs wave, empty box companies raising tens of millions of dollars
That â– â– â– â– destroyed crypto
Now it’s happening again with “■■■■/meme coins” where a 15 yo developer can copy/paste a token smart contract and launch its own
Absolutely! Some sort of regulation is the way to go forward
