They must be really stupid if they ban cryptocurency in India. Indian investors will lost a lot of money and that will make no improvement to India generally in terms of economic advancement. What do you expect when the people in your place loose their money? Of course the trust in government will decline and more people will be in debt.
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India is suffering from hatred among themselves... people are killing minorities & poors. Gov let's it happen as it reduces population ... so they are using hatred instead of crypto to solve economy & money problems.