Post
Topic
Board Bitcoin Discussion
Re: India amazes me!Indian police recovered multi million scam
by
Slow death
on 06/06/2019, 17:10:13 UTC
The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.

India:

Report: India Considers Complete Ban on Digital Currencies

Indian Crypto Exchange Coinome Halts Services Citing Regulatory Pressure

as you can read, The government of India has not taken a favorable stance for bitcoin.