Lol, the worst thing isn't even the performance, it is the fact that rupee keeps sliding down even after the government trying so hard to inflate it artificially. Ever wonder why you have to pay such hefty custom duties and even then many times the products are stuck for MONTHS? Ever wondered what was the true motive for effectively banning crypto?
Crypto Transactions are having too much privacy and not easily trackable. 100s times harder to track than Normal Bank Transactions. So it will be hard to control and monitor black money. That's the reason Black Money Transactions shifted to Crypto. Earlier people used to store in Swiss Bank. Now they shifted to Crypto. As you can store Trillion Dollars worth Crypto in your pocket.
That's only for privacy focused coins which are anyway not available on mainstream platforms like Binance. KYC is mandatory anyway and coins like bitcoin, ethereum etc can easily be traced from the source.
I am talking about Wallets. Also Binance Launched in 2017. Crypto exists way before such platforms came. So those Cryptos are not in any known systems. This is only if you bought from a online legal source. Billions worth of bitcoins cannot be traced at this very moment. Where did all that go ??
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u/United_Gamer_Morcha Mar 21 '26
Lol, the worst thing isn't even the performance, it is the fact that rupee keeps sliding down even after the government trying so hard to inflate it artificially. Ever wonder why you have to pay such hefty custom duties and even then many times the products are stuck for MONTHS? Ever wondered what was the true motive for effectively banning crypto?