When people who takes your potentials as threat to their favours they would always want to get you sabotaged.
Bitcoin was invented in just 2009 but before then there had been criminal indulgences such as fraudulents, money laundery, illegal traffic, and thefts etc which are carried on online and offline.
I don't understand if the government tends to channel the blames of the advanced criminality of today to cryptocurrencies.
 
May I share briefly about my country where a late and formal head of State (president) and also as commander--in-chief of the Armed Forces in my country who ruled the nation from 1993 to 1998.
Since then all his loots is yet to be totally uncovered but since then, there had been a continues loots recoveries of the looted funds which currently is an estimate of $4 billion in cash and $2 billion in asset and just of recent, France has been concerned and agreed to repatriate $150 million as part of the loots.
This is the same Abatcha whose wife said to the republic that nomatter how much is recovered from her husband's loot, they would never be as poor as the wife of a whole riches man in Africa in Africa.
Interested member may read @ https://www.nairaland.com/3447028/no-matter-how-much-recoverwe#50770452.

Bitcoin itself is tended to tender security funds where not even a community would be in charge about as a medium to limit looting with the historical laundries experiences.

I always the sets of government that disassociates itself from adoptation of Bitcoin and other related cryptocurrencies are biased because there is no just rooms created for their looking.
What a mad era and a crazy world we are today were politicians steals the public funds and they are celebrated while the common man steals bread to eat would be termed the criminal.

Haha, Well that an Old debate about Bitcoin and the crypto industry possesses an anti-environment friendly narrative (at least some narrow-minded people think like that), TBH it is just a shit of wrong media reporting, if it is that true why don't they disclose the reality of environment-friendly electric cars reality, the Li-Ion battery used in these cars on the time of manufacturing realizes 10 times more environment polluting substance comparing to an old diesel engine car.

For Bitcoin's use and money laundering, this is also another shity excuse of the hypostatic regulators to control the flow of money, to keep everything under their control. The attribute is promoted by the way it is used is not a concern because people can even use kitchen knives for evil, so should they need to ban the Knife and shart object industry (Just a rough example).

There is no valid reason, actually, why a few crypto services don't want to accept funds from the mixer and gambling sites. I believe this is a stupid attempt at all because cryptocurrency is decentralised, especially Bitcoin. It doesn't matter where it actually came from when it's decentralised. Money laundering or criminal activity accusations are just a reason; actually, they don't like Bitcoin decentralization. It's really annoying to me when fuckers just point out cryptocrime and ignore all the fiat crimes. A large number of crimes have been happening through fiat currency.

I laughed so hard at the ignorance and foolishness of these claims. I say it again the government and some people who either feel threatened by bitcoins or do not like bitcoins for some reasons will choose to believe anything and hold on to any reason just to make them have an alibi. What is even funny is that some of the people behind these claims say that they are educated, but yes! Not all educated are educated. You are educated when you are able to find out information and verify information on your own, some of these people have never tried to verify their claims by research to know if they are true, they are just holding on to them. They are not different from the uneducated.

We always get that narrative because of where Bitcoin has started to be known of its use and that's with the illegal transactions. But I guess that died eventually when Bitcoin entered to the mainstream.

This time, it's all about the mixers and etc. They think of the same idea of how it'd go during the early stage of where Bitcoin has been commonly used.

IMO, there's always the agenda with these issues that the exchanges and the governments that they're bringing up. While the exchanges just follows the rules of the government, they just have to implement what's being imposed on them.

The is a very insidious attack against bitcoin, without fungibility bitcoin could not be considered to be money anymore and instead it will become just another asset like a stock, so governments are attempting this knowing full well this long term strategy could allow them to discredit bitcoin as a form of money, and since exchanges and other centralized services care nothing about this market then they are receiving those conditions with their arms open, even if they will also harm themselves by doing so.

Lol, what haven’t we heard? They’ve called it a scam just to shut it up, they’ve said it’s used for money laundering and many other illegal activities. I one time saw a thread on this forum that spoke about how people see Bitcoin as negative because someone was kidnapped and the ransom was required in Bitcoin (probably so it can’t be traced? Idc). Bitcoin is only but a currency the difference is the respect of privacy, but they want to shoot it down with so many excuses.

I know right, Bitcoin is just a tool for convenience that can be used to have transactions without revealing your identity globally. Of course, almost everything nowadays can be used for illegal activities, we can even say that it could apply to banks like money laundering as well as some transactions, they just don't ban it due to they have the taxes, they have the power to control and manipulate, etc.  They have a lot of things to find in Bitcoin just to ban it cause for sure they don't benefit from them, I really remember the time in my country when they would like to put taxes on any transaction in the crypto industry since they seen people having a lot of money without the government being involved, so they announced that they put taxes but eventually they failed to cause its decentralized system.

The existence of bitcoin has always been a threat to the government and some other financial organizations. They have tried to eliminate it long time ago but all to no avail simply because its a decentralized system of exchange which is non profitable to the government, that made them to find means to eradicate it. If not for hate, how on Earth would someone make such a speech.that dey would terminate account transacting with crypto mixing and also talking about global warming. Truly sometime negative inpact can make and educated person becomes uneducated.

Yes the used and request of KYC is on the rise as bitcoin came to and existence. When the authorities could not have access to the blockchain to control people they sort out to another means which the KYC. And really if bitcoin is adopted every country in the world fiat Currency will be collapsed like cowries. Cowries was the first coin that was used everywhere in the world but it over come by fiat Currencies. And since they could not catch any bitcoiner because of the decentralized nature of the invention, they are sorting out to disturb firms and organizations that using bitcoin to affect the bitcoiners that are using bitcoin.