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RE: BITCOIN NEWS: India Bans Crypto? - My Thoughts On An Important Subject

in #bitcoin7 years ago (edited)

Hello @surfyogi. It's a nightmarish scenario for governments to see that people's patronage of the banks are at an all time low as evidenced by people choosing to invest their hard earned cash into the cryptosphere.Those educated in the possibilities of cryptos have realized with wise investments they can give themselves a shot at financial freedom like bitcoin did for the early and not so early investors.Banning cryptocurrency is their way of not losing a major percentage of the capital deposited in the banks that was formally under their control allowing them to siphon large chunks of money with tricky taxes and unnecessary service fees.Goodnews is that governments are becoming unwitting poster child for massive cryptocurrency adoption.