India's Crypto ban bill sent to Cabinet approval. Time to vote them out.

So the bill seeking to ban non-government cryptos in India has been sent to approval.

Apparently apart from banning cryptos (BTC,ETH - all), They want to keep using blockchains like Ethereum but ban the native currency ETH. Not sure how they plan to achieve that.

The country has one of the fastest adoption rate and Bitcoin has a huge and growing following. Its a case of the Old trying to suppress the New. Constantinople fell to the very cannons they refused to take. Nokia refused to adapt to Android, they are nowhere now. When will they learn ??

In any case it seems the govt is hell bent on screwing itself in the coming elections and the country's future in tech.

-Reposted after it was removed from another sub as this is an important issue.



Submitted August 22, 2021 at 08:41AM by HelpfulDoubleHJ https://ift.tt/3mojvEq

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