Why Crypto and Blockchain Technology is Unstoppable with Government Ban
Indian government stand on crypto is quite bit disappointing, currently in India Cryptocurrency neither legal nor illegal. Government stand is just, it is not an legal tender. RBI stand over cryptocurrency exchanges is quite bit disappointing, As we knows that RBI circular forces Indian banks not to provide banking facility to crypto exchanges.
which resulted major crypto exchanges like Koinex, Coindelta to shout sown their trading business because doing business such circumstances was quite bit difficult for them but still some exchanges like Bitbns, Wazirx some how managing payment system with P2P method. I may not know up to how long these exchanges will survive in future.
The more government ban crypto more and more it will generate awareness among people who are not aware about crypto. banning bitcoin and other crypto will create controversy in media , we all knows that we are living in a world where controversial things get popular within less span of time. there is huge scope for Bitcoin and other crypto in future in case fail of fiat currency. we have seen the case of hyperinflation case of Zimbabwe and I hope in future such things will happen and crypto currency will replace fiat currency.
In India adoption of new technology goes through lots of controversy. When computer were introduced in banking System that time many people oppose it saying that due to computer people will loose it job, Same thing happened with implementation of automation in industry.
I hope Indian government will adopt crypto currency and regulate it by seeing its positive side. If not bitcoin then centralize crypto which can solve our real life problem in field of banking ,telecom and Healthcare. I am not big fan of bitcoin but still it will remain as Gold of cryptocurrency. considering all crypto as privacy crypto like bitcoin is totally wrong.
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