alt Hacker NewsIndia banned crypto. It never even traded using crypto. By the way a country of billion plus should have freedom to do trade in whatever way they like
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And other countries have freedom to scoff at that or even sanction trade with it (gasp, the horror!). Freedom works both ways, you know.
A fitting quote for the moment:
"Pacifism is objectively pro-fascist. This is elementary common sense. If you hamper the war effort of one side, you automatically help out that of the other." (c) George Orwell
Also regarding India and tokens, sure they are officially banned. But they are still a key link a in trade chain, that' why I mentioned Dubai and its neighbors. They act as a laundromat and a tumbler, obscuring financial flows. And one part of the Russia-India trade or Russia-Iran trade or even Russia-China trade involves tethers (USDT), without which exchanging rubles to rupee or to yuan directly would be highly problematic and risky. Tokens mitigate some of the risk by hiding financial flows through multiple jurisdictions.
I tried to pay my parking ticket in heroin, and they threw me in jail!
Viva la revolución!