The trading ban is honestly good for India, crypto so far doesn't generate any profits, only losses. Any individual profit must come at the expense of someone e

The trading ban is honestly good for India, crypto so far doesn't generate any profits, only losses. Any individual profit must come at the expense of someone else's losses + mining on top ensures it's a giant loss-making ponzi. Early adopters are overwhelmingly Westerners, Indians buying in now would create a net transfer wealth from India, and India can't afford it. Stated differently, crypto has a negative expected value - it destroys wealth. Once that changes and (some) crypto starts to generate genuine profits reversing the ban would make sense, but until then, let Westerners with more money than they know what to do with play ponzi games with each other. In the West even losing everything is an inconvenience in the grand scheme of things - there's ample food, jobs and welfare. Being poor in India can mean you actually starve to death [1] There's no reason to ban mining however. [1] https://www.telegraph.co.uk/global-health/science-and-disease/first-coronavirus-now-starvation-hunger-stalks-millions-indians/ https://www.telegraph.co.uk/global-health/science-and-diseas...