The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
I believe that any information right now may turn out to be FUD or true, the question is whether you can determine it. In any case, you need to watch what is happening in reality. If you are interested in India's attitude to cryptocurrencies, then you probably need not to collect news, but just find a person living in India and ask him how things are. I think this is the best way to get an answer to this question.