What are dollars made of? Or even what is gold made of? Think deep before you try to give an answer....
India should also crack down on those call centers that keep spam-calling the US, trying to scam money from folks by posing as the IRS and saying they are suing the receiving end. That little raid earlier in the year did nothing to stop it.
In all honesty, the US leads this thing. If we decide to ban it, it's lights out as every country follows suit. Because we're the "biggest" so we must know what we're talking about. For reference look at drug policy. On the flip side, it's not going away and the gray/black market will dictate price. I think most of us are hedging on Amazon.com types to start taking crypto.
Hong Kong's financial markets and services provider regulator, the Securities and Futures Commission (SFC) has issued a warning against trading in Bitcoin futures through unregulated intermediaries. Further, the SFC reminds the investors have had their funds stolen from cryptocurrency exchanges and some of them collapsed. Obviously SFC refers to the infamous Mt. Gox exchange and the theft of funds from the Hong Kong-based Bitfinex last year.