Quote from: rosezionjohn on January 24, 2020, 12:26:13 PM

Right. They did not ban the bitcoin transactions but they do not recognize it as a legal tender which makes it difficult for any holder to spend or convert them to fiat. According to some articles, a lot of exchanges there were forced to close down due to the pressure and unfavorable position of the government towards crypto. There were also reports that they are planning to launch a government-backed crypto and that's probably why they have all these restrictions.

Do you want to say that India has the same plan as China - to introduce a national cryptocurrency and make it dominant over the rest of cryptocurrencies?