They will end up failing, no one goes against cryptocurrency and wins. Remember when Japan was critisizing bitcoin a few years back. Now it has been widely accepted in the country. I actually touched base on it in a recent post of mine-https://steemit.com/philosophy/@rajesh-fashek/absurdism-and-cryptocurrency-how-do-they-connect
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My opinion is that they don't want competition so they're trying to fight it. It can't be stopped though.