A lot of people were hoping for a rethink from the part of the government, after the high-pitched social media campaign. But the government hasn't moved a bit and they are very adamant about the blanket ban on cryptocurrency. They are planning to ban all the cryptocurrencies that were invented outside India. It is very simple. They will ban established cryptocurrencies such as BTC, ETH, LTC and ADA, so that their cronies such as Ambani and Adani could come up with the "made in India" version of cryptocurrency.
So does that mean that the shitty government will come out with a bunch of centralized cryptocurrencies created as per your term invented (a mere copy using a open source code)
. I have no idea about the internal politics but i understand that they ruling party is a right wing organization who are notorious for creating community violence and the minority are harassed.
What i cannot understand is that, are these official government publications about it publishing these or just rumors spreading in the social media as we are seeing these threads for months.
