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India is coming

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What about this, it seems rather drastic...

Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy

https://news.bitcoin.com/indian-bank-customers-anti-cryptocurrency-policy/

Kevin Helms

"An Indian bank is reportedly forcing customers to agree that they “will not deal with any transactions related to cryptocurrency including bitcoins” when signing up for an account. In addition, there are reports of banks blocking accounts of their existing customers if they are found to have made crypto-related transactions."

Cryptocurrency adoption prohibited by Indian banks; force customers to sign contract

https://ambcrypto.com/cryptocurrency-adoption-prohibited-by-indian-banks-force-customers-to-sign-contract/

Published 3 hours ago on January 11, 2019 By Namrata Shukla

"The Reserve Bank of India, India’s central banking institution had prohibited the banks of the country from providing any assistance or services to cryptocurrency business. Following this, the banks in India are taking things one step ahead by asking customers to sign contracts stating that they will not use cryptocurrencies of any kind as a part of their new terms and conditions of service agreements, reported Bitcoin.com."

Edited by GiddyUp
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1 hour ago, GiddyUp said:

"The Reserve Bank of India, India’s central banking institution had prohibited the banks of the country from providing any assistance or services to cryptocurrency business. Following this, the banks in India are taking things one step ahead by asking customers to sign contracts stating that they will not use cryptocurrencies of any kind as a part of their new terms and conditions of service agreements, reported Bitcoin.com."

India has for many years had policies that are aimed at stopping the outflow of cash from the country, the first time I visited India in the mid nineties there was a limit of GBP100 that could be taken out of the country and I'm assuming this is a continuation of that policy.

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