Well, according to me, it's YES.We have seen so much of FUD coming from India .Our government does not know why every country is going with crypto currencies. The leaders of our government only need money by corruption.They do not want that with the legalisation of bitcoin, there dreams to capture illegal money of needy ones will be destroyed forever.
In 2016, when the demonitisation happened in INDIA ,major questions were put up on blockchain that it is hiding black money and helping gangs to buy weapons , but they do not go about the positive of blockchain. RBI said to against bitcoin and 2 years after they are still against it.
WHAT IF I TELL YOU WHY THEY WERE AGAINST IT???????????
The reason is the scam itself which is bursted 3 days ago by the ruling party in INDIA.The country’s largest political party, the Indian National Congress (INC), accused the ruling Bharatiya Janta Party (BJP) of orchestrating a Bitcoin scam worth anything between $726 million and $12.78 billion today, Hindustan Times reports.The said accusations are laid against BJP’s division in the state of Gujarat. INC spokesperson Shaktisinh Gohil alleged that the state leadership of BJP was involved in converting illicit money to the cryptocurrency by so-called ‘hawala’ transactions — a method of transferring money without any funds actually moving.
Cryptocurrency scams are on a rise in India. A host of popular Bollywood stars and a businessman were arrested in June in a $300 million Bitcoin scam. Police personnels in India have also been involved in multiple scams involving virtual currencies.
JUST BECAUSE THEY WILL NOT GET THE ILLEGAL MONEY,INDIA SHOULD BAN BITCOIN AND OTHER CRYPTOS????????
India is lacking behind technologies already and common people do not want that due to these silly reasons,Our country become backward in terms of technology.Today most the countries are using blockchain as payment system and in INDIA ,there are just converstion of Kashmir, caste system,etc.
I REQUEST EVERYBODY IN INDIA AND OTHER COUNTRIES TO SUPPORT INDIA SO THAT GOVERNMENT CAN TAKE POSITIVE FROM IT.
PLEASE TWEET @RBI ON TWITTER THAT WE SUPPORT CRYPTO.
IF YOU LIKE MY BLOG AND FIND IT STRONG PLEASE SUPPORT ANSD I WILL COME BACK WITH A STRONG ARTICLE 