The Electronic Frontier Foundation (EFF) has criticized the Indian government for its proposal to ban cryptocurrencies in the country.
“The Indian government is worried about the use of cryptocurrency to facilitate illegal activity, but this ignores the many entirely legal uses for cryptocurrencies that already exist and that will continue to develop in the future,” wrote EFF’s legal intern Sasha Mathew, and director of strategy Danny O’Brien, in an op-ed.
The EFF’s stance
The EFF has described the proposed cryptocurrency ban as a “drastic and overreaching prohibition that would require draconian oversight and control to enforce.”
To support this view, Mathew and O’Brien put forward four arguments.
First and foremost, the EFF argues that cryptocurrencies promote financial inclusion. In 2017, over 10% of India’s population was still unbanked. “Cryptocurrency can help unbanked individuals get access to financial services,” the report said, adding, “cryptocurrency
Źródło: https://decrypt.co/68582/indias-crypto-ban-is-a-bad-idea-electronic-frontier-foundation
