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#1708
Lance Thompson
280 Posts

Latest update regarding cryptocurrency in India that came out 4 days ago……And the thing that still goes against this new law passing is what is pointed out in this article that a ban on cryptocurrencies in India will lead to…………

1. Brain drain from the Continent

2. Increased untraceable transactions

3. Increased risk of money laundering

4. Benefits for foreign companies that will receive money from Indian investors

5. Loss of tax revenues.

The subject is set to be discussed by India's Parliament which is out of session right now due to the lockdown caused by Covid-19. Can't find anything that lists a set date for India's Parliament to resume………….

 

https://www.crypto-news-flash.com/will-bitcoin-be-banned-in-india-current-status-of-new-law/