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Topic: Banning bitcoins is against the law - page 3. (Read 629 times)

full member
Activity: 840
Merit: 101
August 12, 2019, 04:39:39 AM
#8
Every country has its own legal regulations. But there is something that applies to all countries. It's not possible to ban Bitcoin. Only a number of measures can be taken. These will not be enough. Remember, restricted things arouse more interest.

I checked our constitution if there's anything that could make banning a bitcoin law possible and there is none too. Banning bitcoin here seems unconstitutional since it won't affect any citizen's interest and won't affect any bad thing in the country.
member
Activity: 1302
Merit: 25
August 12, 2019, 04:12:26 AM
#7
I like your post backed up by law which makes it complete and sound. I think it will be better taken to legal board.

Meanwhile, I don't think the law in my country restrict any transaction of digital means of payment and cryptocurrency has not been mentioned in the constitution to the best of my knowledge.
hero member
Activity: 1582
Merit: 670
August 12, 2019, 03:51:55 AM
#6
Every country has its own legal regulations. But there is something that applies to all countries. It's not possible to ban Bitcoin. Only a number of measures can be taken. These will not be enough. Remember, restricted things arouse more interest.
member
Activity: 672
Merit: 12
August 12, 2019, 03:18:17 AM
#5
I do not see any future for concurrency / bitcoin in India.
Indian Government policy is clearly against crypto. I think we are unable to do anything against the government. 
https://www.indiatoday.in/technology/news/story/govt-committee-recommends-ban-on-cryptocurrency-in-india-1572446-2019-07-23
Governement committee has already recommended ban on any private or say crypto currency. 
even fines penalities have been proposed for any activity relating to crypto buiness. 
We will have to follow the rules and regulations laid down by the Government. 
legendary
Activity: 3430
Merit: 3080
August 12, 2019, 03:06:22 AM
#4
"possession is 9/10ths of the law" - old legal maxim



can you take my Bitcoin from me? is that a "no" I'm hearing?




banning Bitcoin is against the laws of reality, which are of course infinitely stronger than any gangsterment edicts.

so if anyone says "give me your BTC", as with drugs, "just say no"
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
August 12, 2019, 02:03:42 AM
#3
Let's discuss what is the definition of property
a thing or things belonging to someone; possessions collectively.
Taking this into account , We can consider all the assets that we own as our property.
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Now let's talk about the Right to property in India
The right to property was initially present in Indian constitution under part III : Fundamental right , Article 31 but it was abolished by 44 th Amendment Act ,1978. ... Now it is made a constitutional right under Article 300A which states that no person can be deprived of his / her property except by authority of law.

So you're telling me that as long as I declare it my own property and I have a receipt for every part I can safely park a MGM-31 Pershing or (since we talk about India my Agni-I missile) next to my home?   Grin Grin Grin
You've quoted that article and you don't realize that the law is the government.
If they pass a bill saying bitcoin is illegal, then by the authority of the law your fundamental right is toilet paper.

No matter what the existing law says, the Government can always pass an amendment to that to make things favorable for them. Even worse, they can simply pass an ordinance in parliament to supersede the existing law. In either way, government has the power to do anything they want! Let's not have much hope now!

Exactly, and rather than trying to win an argument in court you can always try a different and far more effective method.
Stop voting for morons next time in the elections!!

Even if this hurdle is passed, I'm pretty sure they find another way and another and another, stop the non-sense at the root, stop voting for them.



legendary
Activity: 3080
Merit: 1500
August 12, 2019, 01:56:37 AM
#2
That's the exact point that IAMAI is using to defend the case on cryptocurrency in Supreme Court of India, the fundamental right to carry out any occupation. But sadly the hearings are getting postponed every single day giving time to government  prepare their case against the crypto community.

No matter what the existing law says, the Government can always pass an amendment to that to make things favorable for them. Even worse, they can simply pass an ordinance in parliament to supersede the existing law. In either way, government has the power to do anything they want! Let's not have much hope now!
hero member
Activity: 1890
Merit: 831
August 12, 2019, 12:51:47 AM
#1
Let's discuss what is the definition of property
a thing or things belonging to someone; possessions collectively.

Taking this into account , We can consider all the assets that we own as our property.

So is the bitcoins .
We haven't earned it doing some shady business and at the same time it's our money that we have invested in it , a money that we have earned .


Now let's talk about the Right to property in India
The right to property was initially present in Indian constitution under part III : Fundamental right , Article 31 but it was abolished by 44 th Amendment Act ,1978. ... Now it is made a constitutional right under Article 300A which states that no person can be deprived of his / her property except by authority of law.

Here the only thing is see is *except by the authority of law*

But this authority of law is being manipulated time and again by various communities , shouldn't they make decisions in accordance to everyone in this country not just some big committee set up by old leaders who doesn't even know a thing about blockchain.

Now we have some Fundemental rights
Right to freedom: It includes freedom of speech and expression, assembly, association or union or cooperatives, movement, and residence. It also includes the right to practice any profession or occupation.

We have the right to practice any profession or occupation.

What we do in Signature campaign , the trading is no easy profession but it earns better than most of the daily jobs.

So aren't they breaching this right too ?
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