Bitcoin Sadist Roubini Cheers India’s Planned Cryptocurrency Ban

Economist and Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has hailed a proposed ban on cryptocurrencies in India calling it ‘good news’. According to the New York University economics professor, an actual ban on crypto in the world’s second-most populous nation will save ‘retail suckers’ in the country from investing in ‘shitcoins’.

Crypto ban a ‘wise government’ move

Roubini consequently hailed the 200-page report containing the proposal and which was prepared by an inter-ministerial committee as coming from a ‘wise government’.

Finally a wise government who is banning these toxic shitcoins https://t.co/8n9CWGoe72

— Nouriel Roubini (@Nouriel) July 23, 2019

As had been previously reported, the anti-crypto proposals contained in the report recommend a 10-year jail sentence plus heavy fines for those caught dealing in crypto in India.

But in a move that betrays the inter-ministerial committee’s appreciation of blockchain technology, the Indian government was…