RE: Proposed Cryptocurrency Ban In India and Introduction of a National Cryptocurrency - Digital Rupee!
Regards, appreciated @straighttalk.
Initially, I was very surprised by the title of your post, since I have many friends from India and in their publications I have been able to confirm the great advances in mass adoption that are being developed in that country. Then a ban on cryptocurrencies seems unheard of.
The fact that the Indian administration is considering issuing its own cryptocurrency seems to me a positive aspect, but if this is preceded by a ban on the rest of the crypts, then the failure would be announced.
In the world of blockchain and cryptocurrencies, users seek financial freedom. And they have achieved it. Precisely for this reason we see the great success of BTC and all other cryptocurrencies, cryptoactive, altcoins, stablecoins, etc ...
To pretend to regulate crypto, is nonsense.
All best, Piotr.
For one sure thing though, Government issued cryptocurrencies will introduce more transparency in public finance.
Thanks for stopping by!