India and Crypto-currencies

cupoftea555 (25)in #india • 7 years ago

With all the news in the media that has been going around since the spike in price of Bitcoin jumping higher than a 1000$ to 8000$ now .. Im curious as to why India has not been a big early adopter into the Crypto world??

China know to be IN and OUT of the game with Bitcoin like putting in restrictions and then calling it off, shutting down exchanges and later now on accepting it somewhat... Russia claiming they found a way to regulate crypto mining by 2018 by imposing licence,tax on even electricity being consumed to mine…

India on the other hand got introduced to bitcoin in December 2012, as per their indiatimes.com article, that’s kind of Late to begin with …. despite Indians bosting of how great they are at producing high skilled migrants and especially experts in I.T and math’s. But why so late to the adoption of bitcoin despite being so tech savvy?!?!?? Is it degrees with no brains?! with the demonetization there was some interest in bitcoin, as certain cash notes were in uncertainty more like they ended up being trash… then they decided to ban bitcoin somewhat around October 2017 and had not a major impact on the bitcoin price, unlike the China ban that took bitcoin to a close 3,500$.. Is it again going to be an interest in Crypto India now after the Super rich bought in big chunks during this time ……………………… they gonna adopt it in the upcoming times and all of a sudden WoW this is revolutionary thing to do and a must buy ??? With all the poverty and corruption that exist and the rich only getting richer throwing down the middle class and making them struggle for pocket change compared to the West… Seems what India is known for screwing its own people for a late adoption to bitcoin and only get a crust of the pizza after the rest of the world has had their feed.

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