Are you asking if forex exchanges can be banned? If someone can access digital dollars or USDT, they can buy/sell bitcoin on any crypto exchanges.
So far no country has ever saved their depreciating currency by banning forex exchanges. It only becomes more difficult with USDT in the mix. Currently, Nigerian government is trying to do the same to save Naira. The only thing such bans do is to create black economy and corruption. Moreover our currency value depends on our dollar reserves, and if those dollars themselves are depreciating against bitcoin, our currency will still depreciate even if we manage to somehow stop all private forex exchanges.
It is also possible to cover many private expenses using bitcoin and without using any exchange in many countries including India. I am not sure if it is legally possible to stop people from trading goods and services for bitcoin without encroaching upon individual rights.
Besides, is there even a reason for the government to oppose bitcoin to that extent?
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