@blog-beginner The way crypto is emerging in the world, most of the governments are getting panic as they know, they can lose control over the centralized system which can be replaced with blockchain being decentralized. So, this is understandable. India is not actually throwing the innovation out.
This had to happen, So more and more people get educated about what change is knocking on our doors. Yes, RBI has created a panic but considering 3 months is a long time. This should get reversed.
I hope it does. May be ambani should launch a crypto coin. He can then change the cards for whole India.
Every government will welcome Cryptos then.
Ambani has already announced JioCoin. in fact, even RBI announced crypto-based INR. You might see crypto-based INR sooner that you think, They might want all crypto trading in India should be done with their new centralized crypto to gain a little more control. (Just a thought) @blog-beginner
I dont think rbi announced any crypto based inr. They are planning for a Inr based digital currency. It could be no where related to crytocurrency.