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A comment on India seeks to block most cryptocurrencies in new bill, government says. Parent comment

Re:India seeks to block most cryptocurrencies in new bill, g... by ProfessorLayton on Tuesday November 23, 2021 @03:07PM (#29322678)
>The only points that can be controlled are interfaces with banks.

That's... A big deal?

[ Parent | on HN ]
Re:India seeks to block most cryptocurrencies in new bill, g... by lottin on Tuesday November 23, 2021 @04:10PM (#29323587)
Yeah, well, basically they stop you from cashing out, which means your crypto-holdings are worth zero to you, whatever their market value.
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Re:India seeks to block most cryptocurrencies in new bill, g... by betwixthewires on Tuesday November 23, 2021 @05:08PM (#29324182)
It is a big deal if you're only speculating and need to cash out. But if you can buy goods and services informally in these currencies, or use tools like stablecoins to speculate on network, it's really nothing to worry about.
[ Parent | on HN ]