Article: Why a ban on cryptocurrency could have dire consequences for India

Crypto

BitcoinWhy a ban on cryptocurrency could have dire consequences for India

Just like its disastrous predecessor – demonetisation – banning cryptocurrency to fight “black money” would be like setting fire to the forest in order to smoke out a few sheep.

If India proceeds with a rumored ban on cryptocurrency, it wouldn’t be the country’s first attempt to impose currency controls. This time, however, a ban is even less likely to succeed — and the consequences for India’s economy could be more dire. The country shouldn’t make the same mistake twice.

Read full article