RE: India Bans Bitcoin To Ensure Citizens Remain Impoverished, Markets Unchanged

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India Bans Bitcoin To Ensure Citizens Remain Impoverished, Markets Unchanged

in bitcoin •  7 years ago 

I don't understand that either. How can they ban the cryptocurrency if it's decentralized?

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7 years ago by

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      ·  7 years ago 

    they can't ban it and they haven't. what they have banned is banks taking part in transactions relating to crypto currencies in a similar way to some of the UK banks banning the use of credit cards to make purchases to known crypto trading sites such as coinbase.. the actual owning and trading of crypto is not illegal, nor enforceable, but they're trying to put the brakes on by making it hard to get their cash into crypto to begin with.

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        ·  7 years ago 

      Copyright laws sure have done a lot to slow down the growth of torrents i guess /s

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