Indian digital marketer: India's PMC bank dilemma highlights the advantages of Bitcoin

According to Beincrypto, Indian digital marketer Rahul N. said that in recent months, the Indian authorities have been investigating a large private bank, PMC, which is a cooperative bank between Punjab and Maharashtra because the bank has a total of $600 million. The fraudulent behavior has prevented nearly one million bank customers from getting funding. The plight of India's PMC bank undoubtedly highlights the advantages of Bitcoin. Insiders in the industry have therefore called on the authorities of the country to avoid this through bitcoin-related financial services, and digital assets and blockchains have many potential benefits. Although the initial impression was not legal, the authorities may be gradually becoming aware of the idea of ​​blockchain-based financial solutions because the solution is protecting customers in a way that is more powerful than any centralized service.