They’re shitting their pants. They are afraid of losing their power over their citizens. They are afraid of crypto because they know crypto gives freedom to the people. So they ban it.
Whenever I see a news about a dictator country banning crypto, I feel so bullish because if dictator countries hate crypto that means Crypto works as it should. Because they can’t control it. They are afraid of losing their power on their citizens. This is exactly what crypto is supposed to be, giving 100% control to people. Peer 2 peer. There is no middle man. There is no control freak authority. This is what decentralization is supposed to be and dictators hate that.
If a dictatorial country is trying to ban crypto, know that Crypto is on the right track.
No matter how much those dictators try to ban it, Crypto is INEVITABLE.