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Old 18th March 2021, 07:24 PM
bwhhisc bwhhisc is offline
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Re: India to propose a law banning Cryptocurrencies

Quote:
Originally Posted by Steve Clarke View Post
I think their wanting to release their own CBDC, (Country Based Digital Currency) and set up regulations before they allow the market to fully take off. Regulations will surely happen in India, and almost everywhere else.
No doubt they want a piece of the pie, and i am sure they (and all governments) are looking to protect any sales taxes revenue.
Digital currencies will cut into the credit card fees and wire transfer fees that banks and credit card providers currently enjoy as well.

Last edited by bwhhisc; 18th March 2021 at 07:25 PM..
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