if they ban it will be the stupidest decision by INDIA
Like the demonetization game
If u think demonetization is stupid game , then i m afraid that you are not a financial person and your opinion is really biased with media.
https://aajtak.intoday.in/story/bitcoin-investment-finance-ministery-warned-tut-1-974162.htmlBit coin is easily used by Black money and should be banned like china done with there exchanges and ICO.
Now take an example of current railway tickets hacking , person is also using bitcoin as payment.
Railway is running in loss due to corruption and demonetization really help this , We indian never appreciate anything , we always blame but we dont check our side.
India should ban bitcoin and start real blockchain thing like Russian GOV started .
Bit coin will definitely fall down and a major risked asset.
Current rate of btc is 14663 in coinbase @ 12.49 pm IST
Exchange rate 63.91 = 937112.33
Zeb pay : 1 BTC in Buy Price : ₹ 11,75,135 Sell Price : ₹ 11,29,124
Uno coin : BUY BTC: 11,83,986|SELL BTC: 10,83,347
So why they need this much of difference ?
I also invested in BTC because i knew people are dumb enough that this one is not at-least fail too soon but its going to be fail after some time.
Even i invested in bit coin , but bitcoin should be banned , because our Leader are also investing in it in majorly they should be punished.
Thanks
I think you have not done your research on demonetization its a complete failure with loss.
All politicians are making money by robbing general public , BJP have bought most news channels and news papers hence they are just following their orders to print and publish negativity for Crypto Currencies so that people do not pull their money from banks and convert to crypto. Politicians and leaders are DUMB they do not have any clue on how crypto works and they even do not give a shit about it because they have enough of new notes,
The railway scam you are refereeing that guy had 2kg of gold bars and lot of gold jewelry , he also used hawala and over 50 lacs in cash.
Hence Indian Govt should ban Gold and Notes as well. Railway is in loss because of bad administration and Government.
Our PM is also corrupt he made lot of money that we cannot even imagine , our country Actual PM is Ambani and TATA they run our economy with corrupted leaders.
As far as China and Russia is concerned you can pay to supplier using bitcoins from anywhere they are accepting it as mode of payment.
Hope this explains everything.