India is too religious and it is hindering the development of modern technology in this country. In addition, it has much more serious problems in the form of overpopulation. It is obvious that the authorities are not up to the introduction of cryptocurrency.
I didn't see any link between religion and this, they need to be very exposed, if they were that religious, then they should not have had corrupt leaders too because one of the thing that is also not making India to grow more than that in term of economy is corruption, like some African countries, and I think if they can just also kill corruption, the things that are not pleasing in Indian government would be corrected.
I would not really blame them for even standing against cryptocurrency, I guess they are against cryptocurrency because they feel it will give opportunity for more corruption based on what they have heard and forgetting the real benefit of it to their own system itself. They just have to take things easy and then see how cryptocurrency can help their economy.
Yeah I agree. Pretty tiring topic to talk about, but religion is just one tool in politics, and all politicians use it. Whether it's Islamophobia in the West and North America, or conservative Christian values, or in India and Myanmar where leaders run out of excuses to garner support.
But really? Very little for religion to shoulder in the case of crypto/bitcoin in India. The issues are far, far less simple than that, and it's a simple case of the powers that be not wanting to allow something they can't control.
They want to know their enemy first, and in this case, they are only now coming to grips with bitcoin/crypto/blockchain. It's a blur to them. And not just them really