At the end of January 2021 India was already talking about banning Bitcoin and crypto currencies.
India Plans to Introduce Legislation to Ban Cryptocurrencies https://www.bloomberg.com/news/articl...?EUR<
Norway's Central Bank to Test Technical Solutions for a CBDC Over Next Two Years https://finance.yahoo.com/news/norway...?EUR<
Now, in just the last 10-14 days many, many more governments including Turkey, Saudi Arabia and others are talking about taxing Bitcoin and crypto currencies more ex post facto (after the fact and after people bought them) or outright banning them.
Why?
Because private competing currencies like Bitcoin threaten government's monopoly on currency creation.
Prior to Bitcoin being created by the Cypher punks and Satoshi, many private currencies were attempted. Some were gold or silver backed. Those people ended up criminals and in trouble with the US government.
Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy http://www.patreon.com/wallstformainst?EUR<?EUR<
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.