I have not seen a cogent explanation for the ban, other than their volatility. I suspect the ban is because of the fact that governments are wary of cash outflo

I have not seen a cogent explanation for the ban, other than their volatility. I suspect the ban is because of the fact that governments are wary of cash outflow from the country. This is a problem with developing countries, especially. I think probably crypto currencies are being equated with "hawala"[1]. [1] https://en.wikipedia.org/wiki/Hawala https://en.wikipedia.org/wiki/Hawala