Words
114
Reading
1 min
Listen
Play
7y
Just because Cryptocurrency is not allowed in India, it does not mean you can't use it. Reserve Bank of India (RBI) has its stand in terms of what is to be allowed as currency, clearly cryptocurrency is parallel currency that will stand with Rupee (which is completely unacceptable), because this will collapse the Indian Economy and India will have same situations as Venezuela, Zimbabwe and Pakistan where the is huge inflation and the currency holds no value, in Venezuela people literally throw currency on streets. India would definitely wouldn't want this to happen. Moreover RBI is interested in BlockChain technology (because they know it will help curb financial crimes and money laundering from India).
RE: India has most users of internet and what it means to steem blockchain.