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A comment on India proposes law to ban cryptocurrencies, create official digital currency. Parent comment

Re:India proposes law to ban cryptocurrencies, create offici... by mushbino on Saturday January 30, 2021 @01:07PM (#25971330)
How is the state taking a monopoly on crypto "better than now"?
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Re:India proposes law to ban cryptocurrencies, create offici... by JumpCrisscross on Saturday January 30, 2021 @01:11PM (#25971360)
> How is the state taking a monopoly on crypto "better than now"?

India has a functioning payments system. It has a dysfunctional tax system and a massive black market. Banning cryptocurrencies doesn’t really do any practical harm. It does take away, or at least make more difficult, a major route for illicit payments.

[ Parent | on HN ]