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Cmon you lawmaker morons, money laundering has been around for a long time before Bitcoin was born, and you guys ruled out that owning cryptocurrencies is a crime?
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Lawmakers work for the government and government don't want their citizen become free from their hand. If banks lose control over the finance then government lose control over it's citizen. So, it's easy math. Ban crypto.
Anyway, I think Indian government gone too far.
Do you think it would cost chaos among citizens and the government officials? Are we seeing a possibility of vigilance and the sort of. Which is correct, I think Indian government doesn't get too much money of Bitcoin and now are making as much power to stop it at it's early stage, we can't blame such move by the government. I feel sorry for the people who supports crypto but too bad they would need to migrate if they want to continue hold their Bitcoin.