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"Indian bill proposes shooting already poor country in foot in a bid by corrupt elites to maintain control over currency"
by NoImmatureAdHom 6y ago
"Indian bill proposes shooting already poor country in foot in a bid by corrupt elites to maintain control over currency"
- yumraj 6y agoMore like, India trying to curb a known method of money laundering by the corrupt elites, criminals and select vocal few.
- f38zf5vdt 6y agoThose people will incorporate outside of India under shell corporations and then move proceeds from outside the country in by veil of commerce, as they have always done. India is the king of terrible autocratic economic decisions that are always one step forward and two back. Cf. demonetization and how that ended corruption and financial crime in India forever. https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation#Reactions_of_economists https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis...
- dmitriid 6y agoBecause BTC will surely make the poor country not poor purely by virtue of existing.