Cryptocurrency Virtually Outlawed in India as Supreme Court Backs Ban

[BitRentXx]

I think this is not an official ban from the government but only hate action from banks against bitcoin, although one day the Indian government will ban the use and ownership of bitcoin. People can still use their bitcoin in cyberspace without having to use intermediaries from third parties like banks and exchangers.

[1714876794]

1714876794

[jack8989]

I think this is not an official ban from the government but only hate action from banks against bitcoin, although one day the Indian government will ban the use and ownership of bitcoin. People can still use their bitcoin in cyberspace without having to use intermediaries from third parties like banks and exchangers.

There are a lot of countries after they accept Bitcoin and their economy has grown a lot more than before. But I still can not understand why India is annoyed with Bitcoin. They do not know that Bitcoin can help them a lot. I am very sad to see India objection Bitcoin

[decidedung]

Until those morons take a stand and make up their minds about cryptography. The Supreme Court of India has acted in accordance with the law, in its national law, to determine whether the Reserve Bank of India has exceeded its powers. Hearings are scheduled at the end of July.

[bizarro]

India is going a step further than most countries in cracking down on peer-to-peer money
In the legal challenge before the Supreme Court, the RBI said Bitcoins cannot be treated as currency under India's existing law that mandates coins to be made of metal or exist in physical form and stamped by the government. The court directed RBI to consider representations by cryptocurrency platform providers

It is very interesting, that India was so seriously against cryptocurrency, and all the suddenly they have decided to cancel that opposition against Bitcoin and othe cryptos. I agree that it is awesome, but anyway it is quite wierd.