Crypto is dying a slow death in India 

- extreme taxes by the government 
- looming threat of official ban 
- crypto traders charging excessive fees 
- no deposit insurance for wallets
- wallets scams (deliberately) left uninvestigated by the government 

All of this because it decentralises power of the system away from the politicians

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History has shown us repeatedly that once humans get their hands on the money printer, they hold on tight and don't let go until they break it.