John McAfee calls on the crypto community to boycott financial institutions that have any connections with the Reserve Bank of India. Back in April, the RBI banned all financial institutions it regulates from dealing in cryptocurrency transactions. This prevented investors from buying digital currencies in exchange for the rupee. The RBI ban came into effect from July 5.
Although crypto platforms in India are still looking for ways to circumvent the ban on transactions with digital currency, a call for retribution has already come from the odious crypto enthusiast John McAfee.
Well known for his ability to sell tweets in support for various tokens, McAfee called for a complete boycott of all financial institutions that have any professional relationship with an Indian bank.
In his latest tweet, McAfee called the RBI decision an “atrocity” and called on the community to unite and act.
“The Reserve Bank of India (RBI) initiated this atrocity out of fear and benefited due to the existing centralized power structure. I am calling for a boycott of any financial institution doing business with RBI. We must unite and act,” he said in a tweet on the day the ban on all Indian banks supporting crypto businesses came into effect.
McAfee is the founder of an antivirus software company named after him, McAfee Inc. He has repeatedly expressed optimism about the future of cryptocurrencies, despite the downward price trend shown by even popular ones - Bitcoin, Ethereum and Litecoin - amid regulatory restrictions. He is also known to have advocated for several highly disreputable tokens, demanding hefty sums to promote them to his Twitter followers.
Earlier this month, the Supreme Court of India accepted a case challenging the RBI's decision before it came into force. The next hearing on this issue scheduled for July 20.
According to businesstoday.in
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