Ask HN: Will other govts follow suit of the Indian Govt on Cryptos?(timesofindia.indiatimes.com)
timesofindia.indiatimes.com
Ask HN: Will other govts follow suit of the Indian Govt on Cryptos?
https://timesofindia.indiatimes.com/business/india-business/cryptos-not-for-india/articleshow/87915939.cms
1 comments
Frankly, it's inconsequential. Deregulating crypto doesn't actually break the system, it's resilient to centralization by design. So the only thing India is really doing is encouraging bad actors to get worse, and pushing the one population in the world that might have benefited from consensus-based digital currency away from the rest of the world. I despise most of the derivative, inherently scam-like crypto that dominates the market today, but there's simply no way they're going to enforce a blanket ban on cryptocurrency. That would be like arresting everyone who seeded Spider Man 3 on ThePirateBay. It's a snipe hunt.