Post
Topic
Board Bitcoin Discussion
Re: Here is why Cryptocurrency future in India is in danger
by
camito
on 28/04/2020, 02:57:49 UTC
2 days ago, the previous governor of RBI Urijit Patel resigned from his position citing personal reasons.

Now, the new governor is Shaktikanta Das, who few months ago told this:



You can read the full interview here: https://www.google.com/amp/s/qz.com/india/1224492/bitcoin-just-cant-be-regulated-in-india-insists-an-influential-former-bureaucrat/amp/

:/


India is facing a heavy issue with their government today. They are printing more money because the mass' demand and to amend the effect of the pandemic. Now, the current head is banning crypto because it is uncontrollable. I think he was easy to judge and the lack of study in the currency is a huge factor. He should've stated a more complex reason rather than a 'hard to control' statement. It's sad to hear this news and probably, most Indians are striking an argument to prevent this to happen. I just hope they'd succeed.