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Disappointing news comes from India. The local Government seems to be serious about banning private cryptocurrencies. We already wrote about it a couple of days ago, but the situation got worse
Parliament plans to discuss the possibility of abandoning cryptocurrencies in the near future, except perhaps the CBDC. This will cut off oxygen access to the entire Indian crypto market.
Recently, the head of the Ministry of Finance of India Nirmala Sitharaman once again stressed that cryptocurrencies are not approved and legal tender, especially Bitcoin.
Poor first cryptocurrency, as it just did not bend in the margins. But Bitcoin is more secure and traceable than cash. Now the network is full of applications and programs to track cryptocurrency transactions. That's why the words of the Indian minister are just a stone age!