Is Bitcoin really getting Banned in India? Here is why, it is Not.

So, recently Economics Times published articles about the banning of the bitcoin by the RBI, and that is creating a little panic among the crypto lovers. And some might be worrying if their bitcoin is struck or can not be cashed out from the exchanges of wallets.

If that is the case with you, then let me tell you that govt. can ban the use of bitcoin as a currency in the local markets, such as some retail stores or even in the exchanges that are run within India, such as Zebpay, but it can not ban the exchanges that are outside India. So one can always buy or sell it using others such Coinbase.

Here is an article by rt.com about the news. https://www.rt.com/business/409067-india-central-bank-rejects-bitcoin/

One must understand that Bitcoin is a decentralized commodity, and therefore there is no single server, or owner. There is a network of computers and miners, who validate the transactions. So as long as the internet is there, Bitcoin is there. No one can ban it. Indian govt. can reject its use on its own, but it can not stop people from using it. Because, it can not, it doesn't have the capability to do so.

I understand, why these evil houses and govt. want to ban it, answer is simple.. so as to keep the inflation up, and eat up people's money. You have to be wise to understand the matter, and therefore adopt the crypto.
Thanks for reading!