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by wkat4242 996 days ago
Some countries like India make owning monero illegal so it's not an option for everyone. How they're going to prove it is another story of course. But it is what it is.

They also ban most sat phones by the way.

2 comments

> Some countries like India make owning monero illegal so it's not an option for everyone.

Owning cryptocurrency is not illegal in India. There is no ban on any cryptocurrencies in India. There is a hefty tax deduction at source on any transactions. Cryptocurrencies are not recognized as legal tender in India, which is the case in many other countries.

I thought privacy coins are banned there: https://www.livemint.com/market/cryptocurrency/govt-to-move-...
That’s old news (from 2021). There are no laws on banning them yet (though the RBI, which is the central bank, has been in favor of a complete ban).
Is Obscura operating out of India?

If not, what's your point?