Why are India and Pakistan going after cryptocurrencies?
Avowed enemies who disagree on multiple regional issues, India and Pakistan are on the same page when it comes to dealing with cryptocurrencies. Their respective central banks have come down equally hard on decentralised, digital currencies, which they fear promote more speculative investments than finance.
His comments came just days after the Indian government imposed a high tax on transactions made using the digital currencies. The transactions are recorded on a distributed ledger known as a blockchain, which everyone can see.
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