India has allot of corruption. In government and scammers just in the general population. A lack of understanding on exactly how bitcoin blockchain technology works by government officials and the general public feed into the fud.
Indian officials blocking banks from doing business with crypto currency companies is probably better for crypto because those same banks will come groveling when those companies dont need tgem to expand. Time will tell.
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@clearbluecrypto If you read the statement clearly, India is not banning crypto rather trying to pressurise it's investors to sell all their cryptos. One of the reasons RBI only warned banks to stop dealing with crypto exchanges.
Yes very tru @bunnychum I was just trying to point out when we hear theses news stories the media tries to phrase it as "India is banning cryptocurrency" this creates allot of fear uncertainty and doubt and gets new investors to sell there coins.