The story of banning Bitcoin in India seems not to be any near to the end. At first, it was the country's Reserve Bank (RBI) calling for the immediate ban of cryptocurrencies. Now, it's the people and businessmen themselves that are calling for the government to put a total ban on Bitcoin.
The price of Bitcoin is usually influenced by a confluence of factors. Sometimes, even a personal opinion can have serious impacts on prices and make them crash or skyrocket. If a person is important enough.
The USA seems to be keeping pace with global digitization. Shortly after the country announced its plans on issuing the digital dollar, a new bill was presented to legalize blockchain-based digital signatures.
The US Senate adopted new legislation allowing law enforcement agencies to access encrypted data. Such provisions would complicate the operation of the cryptocurrency industry within the country, forcing businesses to go offshore.
Last month (May 25, 2020), a US white policeman Derek Chauvin killed a 46-year-old black man George Floyd from Minneapolis, Minnesota, after the victim was suspected of using a fake currency of $20 USD bill to purchase a cigarette at one of the shops in the area. If the digital payments services such as credit cards, mobile money, cryptocurrencies, Bitcoin, were in place, George wouldn’t have died.