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RE: India: Banning of Unregulated Deposit Schemes Bill, 2018—Does It Affect Cryptocurrency Trading?

in #bitcoin7 years ago

I think that it's transparency they are pushing for more than anything. Governments will want to know who, where and how much so that they can get their cut.
Governments tend to follow money more so than anything else and crypto smells like new taxation to them so why would they ban it.