The cryptocurrency conflict, the real story

A group of greedy businessmen has been able to expand their businesses and activities in the world and when they became big whales; they decided to make a universal financial system for everyone to follow, and people have followed them for more than 70 years, having no choice but to follow this financial system.
Basically, It is a system that is based on usury rather than real production. In other words, the World Bank's profits, for example, depend on usury or interest when lending money to countries, so people pay these commission by paying high and unreasonable taxes.

At the beginning of the second millennium, a new financial system emerged, in the form of cryptocurrency. It became a separate independent system, as there was no link between the two systems except the process of converting fiat currency into cryptocurrency and vice versa.
The system is based on the Blockchain technology and the idea is, no new coin is produced before proving that there is productivity that has been completed and confirmed. After that, a new currency can be created or printed for trading in markets, in other words, each currency has its own value due to the work that has been accomplished before creating it.
Thus people began to trust in these currencies such as bitcoin, Etherume, and others after that people started pumping cash into this new financial system. Naturally, investors became immune to the old financial system and the high taxes imposed on them.
simultaneously, smugglers, terrorists and money launderers began to benefit from this new system, one of the most important features is to stay out of sight of governments.
All of them had benefited from the new financial system by transferring funds from one place to another, as well as evading paying taxes and at the same time a promising investment.
The new financial system has grown to the point that it has become a nuisance to the current system, in conjunction with the cash flows and large investments that have emerged from the current system and entered into significant investments in the new financial system.
The reaction was different in the beginning, some countries allowed trading digital currency without restrictions, and after a while, countries, and governments began to impose more regulations and restrictions on this emerging market.
Simply, capitalists, states, and international organizations have decided to stifle the pumping channels between the two systems.

Many of the cryptocurrency exchange platforms have been banned. China was the first to stop the largest platforms in China, followed by Korea, Japan, America and other countries.
It became very difficult to liquidate currencies and convert them into fiat money.
in my opinion, one of the most significant causes of what is happening to cryptocurrencies performance and the continuance losses of its value due to the impact of banning many cryptocurrency exchanges platforms.