Post
Topic
Board Bitcoin Discussion
Re: India looking to Re-ban Bitcoin
by
Jstandhope
on 19/09/2020, 19:54:07 UTC
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

Instead of India placing a ban on Bitcoin for reasons best known to them, they should also see benefit in bitcoin owing the fact that crypto currency was a rescue route during the covid19 lockdown when all financial institutions were shut down as a means to cub the spread of Covid19. Bitcoin as a crypto currency does not require any building for it's transaction, It can be done at the comfort of your house just with your devices and gadget and internet connection and at a reduced risk or minimum risk if there is. So they can see opportunity in crypto currency rather than placing a ban on it.