It's just an excuse to prevent more citizens from using decentralised tech over centralised paper nonsense.
Why exactly? Does using centralized paper currency over decentralized tech benefits them in some way or are they just too conservative to try out a new form of currency? I mean, what good do they think will come out of the ban? I honestly wanna know.
The simplest explanation is:
Govt prints money
Forces people to use them
Can demonetise anytime and make this paper money worthless
Control money = control people
There's no good that will come out of the ban. People will use privacy coins/conduct OTC trades in cash illegally post ban or leave the country.
But this draft may not be from the government so need to worry too much yet.
Interesting. Since crypto is decentralized and gives the power back to the people, the government won't be able to control the people if all of us start using crypto more often.
Why don't they teach this stuff in school? Oh right, because they're controlled too.
Exactly!