Post
Topic
Board Bitcoin Discussion
Re: After China & Russia, now India
by
DrYe5
on 09/10/2017, 16:29:17 UTC
In my opinion, it is important to understand that China, India, Russia are the countries for which co-financing and money laundering is a huge problem. And governments want to prevent the attackers from using bitcoin.

Yes... tax evasion and money laundering is a big problem in these nations. So it is not very surprising to see these nations taking a very tough stand on Bitcoins. Especially in India, Bitcoin users are being monitored by the government, after a lot of black money hoarders used BTC as a tool to hide their wealth during the demonetization process.

Not surprisingly, currency eventually becomes very popular and the government is afraid that it will soon be worth the unity. I'm just curious how strong actions are able to move in terms of controlling bitcoins.