Reply To: What’s the reasoning behind India’s finance ministry making cryptocurrency trading complicated despite the growing belief that blockchain technology holds the key to the future?

The general consensus is that cryptocurrencies lack asset backing and transparency. The RBI and government’s efforts are geared towards safeguarding investors’ hard-earned money.

Furthermore, it’s essential to grasp the government’s intentions. It’s not about banning cryptocurrencies but rather subjecting them to regulatory oversight or legislation.

Let’s await the Bill’s presentation in parliament.

If cryptocurrencies were to be freely permitted, why wouldn’t everyone be allowed to mint their own currency?