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RE: Indian Government In Flux: To Ban Or To Regulate? Enforcement Agencies Recommend Ban On Trading Cryptocurrency!

in #india6 years ago

This will get worse once the RBI ban on crypto transactions via banks comes into effect after 3 months. It's in India's best interest for the RBI to continue allowing crypto transactions via banking else cash usage will shoot up, which may ultimately result in hyper inflation. When people cannot do bank transfers, they'll resort to cash to buy/sell crypto, then they have to print more money which will turn India on the verge to become next Zimbabwe, where once 100-trillion-dollar Zimbabwe note was worth just 40 U.S. cents.

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Exactly, my thought also.

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