The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
That is really nice to know. I have already gotten tired at the rate the media kept carrying this kind of news about India and saying that they are banning Bitcoin bitcoin. It is good to know that they have no plans to ban bitcoin at all. The media is always ready to quickly carry any such news that is bad, because they know that people are more likely to click on such news to see what is really happening, and bad news usually travel faster than the good news.
Every time they kept on refreshing this particular news and I was really tired of it. But despite all that I still noticed that there are people there who are making use of Bitcoin and that was what gave me the confidence to keep believing that it wasn’t over.