{"id":242136,"date":"2019-11-06T01:20:44","date_gmt":"2019-11-06T06:20:44","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=242136"},"modified":"2019-11-06T01:20:44","modified_gmt":"2019-11-06T06:20:44","slug":"tim-draper-sees-indias-attempted-bitcoin-ban-as-a-corrupt-play","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/tim-draper-sees-indias-attempted-bitcoin-ban-as-a-corrupt-play","title":{"rendered":"Tim Draper Sees India\u2019s Attempted Bitcoin Ban as a Corrupt Play"},"content":{"rendered":"
Tim Draper, a popular American businessman, and Bitcoin enthusiast, has come out to slam India\u2019s hostile stance on digital assets like Bitcoin, calling it a mistake that could breed even more corruption in the country.\u00a0<\/span>India, the second-most populous nation in the world, has been known to have one of the toughest stances on digital assets. <\/span><\/p>\n Cryptocurrencies and related businesses in the field have found it increasingly difficult to operate in the country, as the administration, under Prime Minister Narendra Modi, has been laser-focused in its campaign to end the existence and operation of these assets in the country.\u00a0<\/span><\/p>\n Banks and other financial institutions have been prohibited from providing services to cryptocurrency exchanges and other related businesses, while the country is also on the verge of banning all transactions conducted with digital assets entirely.\u00a0<\/span><\/p>\n