Photo by Frank Holleman on Unsplash
It’s been a divided opinion about cryptocurrencies around the world, but certainly not letting people make their own choice is a crime of its own class. The Indian government has been living in fear lately, since the dawn of blockchain they had been fearing about giving Indian’s citizens the slightest chance to try it out.
Almost every communist country has done the same and no one bats an eye, because it’s their ruler’s decision after all, and who are we to judge. In case you are wondering, India is a complete democracy, and is indeed the world’s largest. But India’s on paper democracy is wildly ruined by vote banks based on casts, racism, and religion. We as Indian citizens only have two wide choices when it comes to choosing the ruling government, one is pro Hindu BJP party, the other one is pro Muslim Congress party. Both the parties have one thing in common, corrupting the citizens of the world’s largest democracy to their roots, for fulfilling their greed.
The crypto industry can break our politician’s backs, no matter what you can’t be corrupt in an economy which has based its roots on blockchain technology. What makes a major difference is the publicly visible and accessible transaction data for every penny allotted to every fund applicable. It’s not the same when it comes to communist countries, and for obvious reasons even having an idea about their ruler’s corrupt practices public can’t do much. But in India the scenario isn’t the same as it’s the people who are being fooled, all this makes blockchain absolutely necessary for eliminating corruption and vote bank economy.
For the benefit of their reign, the politicians have put at risk our opportunity to board the crypto train, not only would it ruin our future as world citizens but would also make us kneel in front of developed countries in the time ahead of us.
But the beauty of crypto is that even if our country doesn’t permit us to buy tokens and currencies with INR, we can and will find ways to do it otherwise. And only time will tell if the citizens or the politicians win this war between right and wrong.