India's Crypto Dilemma: What’s At Stake

India's Crypto Dilemma: What’s At Stake

Cryptocurrencies exist outside the traditional global financial system and aren’t legal tender like fiat money issued by governments.

It would be ridiculous, to say the least, if a law enforcement agent showed up at your door on a Tuesday afternoon to rummage through your trash can. But if a country bans cryptocurrencies, expect such scenes to be a regular fixture. There is no way to intercept your crypto transactions online, thanks to blockchain technology. The only way to round up the culprits will be to look for hard evidence, like a piece of paper where the passcode to your crypto reserves is scribbled down.

Read more:https://analyticsindiamag.com/indias-crypto-dilemma-whats-at-stake/

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