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.
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.