India's central bank shuts down crypto-currencies!

My fellow Steemians,

The Reserve Bank of India (RBI) has shut down the buying of Cryptocurrencies via banks or E-wallets with immediate effect for individuals or business entities.

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The RBI said that technological innovations, have the potential to improve the efficiency and inclusiveness of the financial system. However, Virtual Currencies (VCs), also variously referred to as crypto currencies and crypto assets, raise concerns of consumer protection, market integrity and money laundering, ...

Thank you for reading!

https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms

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Ahh ahh ahh!
Motivations are really funny!

money laundering

(BankSters are the biggest money launderers in the world?)

market integrity

markets are always manipulated by BankSters?

consumer protection

Is fear the preferred BankSters tool to keep people under slavery? They “protect us” from freedom?


Thanks for this funny news, @chinchilla!

Yikes! Do we see a ripple effect with other central banks following suit?

Interesting!...

I didn't really expect this from India :D!

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