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    Author Topic: India looking to Re-ban Bitcoin  (Read 1044 times)
    abel1337
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    September 18, 2020, 07:32:37 PM
     #61

    The Gov policies are quite hard to understand,  for the last 10 years they failed to create any new job, so the unemployment rate is too high, rather than creating new industries GOV have sold the GOV undertaking bodies to privet businessmen. Also, the Corona Pandemic has hit hard to the economy. As a result, the current GDP is down below -23%. Rather than looking after those problems and their possible solution, they are concentrating on stupid decisions like banning crypto which will have a more negative effect on the economy.
    There are many governement like this, I understand the feeling of it because our government is doing the same. The economy is going down because of our situation and past problems but government is doing unecessary things that are not connected to the problem but just making new set of problems. It is like the re-banning of bitcoin in India, There are peoples from India who is relying on crypto for their survival and banning it could be a nightmare for them. This can be a domino effect later on if some countries saw the advantages of it and implement it on their own. They should just regulate it atleast not to ban it.
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