Indias Government Agencies Still Have Concerns About Bitcoin
Indian officials revealed last week that the countrys tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. Indias Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.
What do you think?
Correct me if I'm wrong, did India already lift is banknote demonetization? because the reason the government did it is because the same very reason or concern that they have on bitcoin. So there is no surprise here since they already did it to there banknotes as well. But I only speculate that they will not ban bitcoin but rather put a tighter regulations. So there's still no clear evidence that they are following on the footsteps of China. So title of this thread seems to misleading.
Russia is a different story though. They seems to contradict themselves and unlikely they will embrace bitcoin or any crypto in general.