Ninjastic
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Re: India looking to Re-ban Bitcoin
by
Cryptoreflector_666
on 19/09/2020, 07:43:27 UTC
Quote from: Killrbit on September 15, 2020, 07:10:33 PM
Looks like is India is going full circle and trying to ban Bitcoin  again after the supreme court over ruled the previous ruling by central bank of india in March.

They also seem to be taking the blockchain good bitcoin bad argument. Some governments just don't know when to stop.

Im guessing they will be another battle in the supreme court which will carry on for another 2-3 years ridiculous.

Source :
https://www.bloomberg.com/news/articles/2020-09-15/india-plans-to-introduce-law-to-ban-trading-in-cryptocurrency?srnd=premium-asia

This is very good, because while there will be a trial (and this is not a quick process as we know) that at this point the bitcoin will be a legal means of payment. Perhaps this is the best solution for India right now, because full legalization can have a bad effect on the state of bitcoin, because the state will lose huge amounts of capital.