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By ban, do they mean "create a massive grey/black market full of billionaire criminals," because that's literally what they're doing.

• coldtea 6y ago
  No, it just means of being one of the first goverments to take control of the cryptocurrencies, which will end up making these "billionaires" worth $0 (or "come clean" by paying big taxes for their money to transfer them to the official currency), and others who continue trading or offer support for it, go to jail.
  • suyash 6y ago
    Yes, think this is very innovative approach the Indian Govt, I support it.
  • TT3351 6y ago
    Very optimistic outlook for you to take towards a government which has taken even more drastic steps in the past aimed at corruption to (from what I can tell) limited effect and great disruption to non-corrupt citizens -- thinking specifically of demonetization. This seems like "big stick" policy to me, a hammer looking for a nail.
    • coldtea 6y ago
      Well, I never said this will make corruption more difficult, or even that it's aimed towards reducing it. Just that it will make cryptocurrency use/facilitation illegal, and thus prone to fines/jail time.