I don't know why RBI stands against the cryptocurrencies as it holds the great potential. What is the main cause for not considering crypto as a legal tender ? The deputy Governor told that it will lead to money laundering and terrorism, then what about Nirav modi, vijoy maliya and the list will never end. Government can not take steps to stop them rather they are popping their nose to cryptocurrenies stating that it increases the chances of terrorism as it is difficult to trace the transactions.
In a country like India we don't have financial freedom. They decides where we should invest our money. This descision not stand with the favour our youth. I heard that blockchain technology if legalise in India then half of the poverty will be permanently eradicated from our country. I don't know whether it is right or wrong.