Government is mostly interested in taxes, capital gains etc. They want to regulate so that they can find out easily if someone is making money from cryptos and how much ...
As far as these politicians crypto knowledge is considered, I will be much surprised if - during or before De-Monetization these innocent politicians haven't already converted their cash into crypto.
They know everything, they just want absolute control which is difficult with crypto.
Topic: Good News for Indian Crypto Community (Read 112 times)
Hopefully the fat brains sitting in high government posts have finally understand the implications.
I doubt the government fully understand the implications but it looks like the influencing groups are doing a good job trying to make the dead brains understand these things and it will take a long time to make them understand.But again, the current government is very good in distracting the mind of the public. So blindly trusting the government can bring disastrous disappointment.
I was not focused on politics but i started to listen to some because it started to affect my life and my job space and my future plans and if your career does have implications then you start following them a bit and till now they are good at distracting things and could come up with things that are controversial while they implement another in the background and the media will be behind the controversial topic while the real implementation goes unnoticed. I do not trust them one bit as we have heard different contrasting opinions from different people from the ruling party.I don't disagree to what you have said! The government is very regressive in nature and trying to take us back in time. They are power hungry people and understands nothing about the technology. The only silver lining is that AIMA is actively lobbying in favor of cryptocurrency. They have a solid panle of lawyers and possibly will challenge the government in case of anything negative happens around cryptocurrency legislation.
Let's hope for the best! Because things don't look very positive and I dare not to trust that Anurag Thakur!
Hopefully the fat brains sitting in high government posts have finally understand the implications.
I doubt the government fully understand the implications but it looks like the influencing groups are doing a good job trying to make the dead brains understand these things and it will take a long time to make them understand.But again, the current government is very good in distracting the mind of the public. So blindly trusting the government can bring disastrous disappointment.
I was not focused on politics but i started to listen to some because it started to affect my life and my job space and my future plans and if your career does have implications then you start following them a bit and till now they are good at distracting things and could come up with things that are controversial while they implement another in the background and the media will be behind the controversial topic while the real implementation goes unnoticed. I do not trust them one bit as we have heard different contrasting opinions from different people from the ruling party.I don't disagree to what you have said! The government is very regressive in nature and trying to take us back in time. They are power hungry people and understands nothing about the technology. The only silver lining is that AIMA is actively lobbying in favor of cryptocurrency. They have a solid panle of lawyers and possibly will challenge the government in case of anything negative happens around cryptocurrency legislation.
Let's hope for the best! Because things don't look very positive and I dare not to trust that Anurag Thakur!
However, I don't agree with the words of Anurag Thakur on volatility. If they can allow the gambling sites, mutual funds, stock trading platforms to run and advertise with
a short message of risk involved, how is bitcoin different from them? Yes, cryptocurrencies are highly volatile but not as volatile as losing money on platforms like Betway or Dream11.
a short message of risk involved, how is bitcoin different from them? Yes, cryptocurrencies are highly volatile but not as volatile as losing money on platforms like Betway or Dream11.
That's a solid example of hypocrisy of the Indian Government. They will allow companies like Dream11 to advertise on National Television and other platforms but will think about banning cryptocurrency. I consider dream11 to be a bigger risk than bitcoin for obvious reasons. But since the Indian Government has benefits from Dream11 they allow it to run.
Bitcoin on the other hand is not in the hands of the Government which is why I guess they think to impose a ban on it. The debate on this has been going on and on and I personally don't think India will come to a conclusion on this any time soon.
Hopefully the fat brains sitting in high government posts have finally understand the implications.
I doubt the government fully understand the implications but it looks like the influencing groups are doing a good job trying to make the dead brains understand these things and it will take a long time to make them understand.But again, the current government is very good in distracting the mind of the public. So blindly trusting the government can bring disastrous disappointment.
I was not focused on politics but i started to listen to some because it started to affect my life and my job space and my future plans and if your career does have implications then you start following them a bit and till now they are good at distracting things and could come up with things that are controversial while they implement another in the background and the media will be behind the controversial topic while the real implementation goes unnoticed. I do not trust them one bit as we have heard different contrasting opinions from different people from the ruling party. 
Minister of state for finance Anurag Thakur said the government is very much open when it comes to digital currencies and that all options are being considered with an open mind.
The government is considering all options with an open mind when it comes to cryptocurrencies, and will make sure that the interests of investors are protected, Anurag Thakur, minister of state for finance, has said. The Union minister, however, raised concerns over the high volatility in digital assets.
The government is in the process of formulating a Bill on cryptocurrencies.
I think this is huge news for crypto community in India. This makes it clear that either government will not put blanket ban Or and investors will be given some time frame to liquidate their holdings.
The government is considering all options with an open mind when it comes to cryptocurrencies, and will make sure that the interests of investors are protected, Anurag Thakur, minister of state for finance, has said. The Union minister, however, raised concerns over the high volatility in digital assets.
The government is in the process of formulating a Bill on cryptocurrencies.
I think this is huge news for crypto community in India. This makes it clear that either government will not put blanket ban Or and investors will be given some time frame to liquidate their holdings.
AIMA is trying their best to ensure that government doesn't impose a blanket ban on cryptos in India. The crypto ecosystem in India has grown in size since last few years and imposing a blanket ban would completely destroy the ecosystem. Hopefully the fat brains sitting in high government posts have finally understand the implications.
But again, the current government is very good in distracting the mind of the public. So blindly trusting the government can bring disastrous disappointment.
The crypto industry is booming in india day by day and Indian government sure understand about crypto industry as how others top countries are adopting, so Indian government also going to same in upcoming days.
Minister of state for finance Anurag Thakur said the government is very much open when it comes to digital currencies and that all options are being considered with an open mind.
The government is considering all options with an open mind when it comes to cryptocurrencies, and will make sure that the interests of investors are protected, Anurag Thakur, minister of state for finance, has said. The Union minister, however, raised concerns over the high volatility in digital assets.
The government is in the process of formulating a Bill on cryptocurrencies.
I think this is huge news for crypto community in India. This makes it clear that either government will not put blanket ban Or and investors will be given some time frame to liquidate their holdings.
The government is considering all options with an open mind when it comes to cryptocurrencies, and will make sure that the interests of investors are protected, Anurag Thakur, minister of state for finance, has said. The Union minister, however, raised concerns over the high volatility in digital assets.
The government is in the process of formulating a Bill on cryptocurrencies.
I think this is huge news for crypto community in India. This makes it clear that either government will not put blanket ban Or and investors will be given some time frame to liquidate their holdings.
AIMA is trying their best to ensure that government doesn't impose a blanket ban on cryptos in India. The crypto ecosystem in India has grown in size since last few years and imposing a blanket ban would completely destroy the ecosystem. Hopefully the fat brains sitting in high government posts have finally understand the implications.
But again, the current government is very good in distracting the mind of the public. So blindly trusting the government can bring disastrous disappointment.
Yes! I listened to that interview. It's good to see that government is finally giving due consideration to the cryptocurrencies and looking to find the middle-ground to safeguard the interest of crypto investors (corporate pressure?...ehh maybe).
However, I don't agree with the words of Anurag Thakur on volatility. If they can allow the gambling sites, mutual funds, stock trading platforms to run and advertise with
a short message of risk involved, how is bitcoin different from them? Yes, cryptocurrencies are highly volatile but not as volatile as losing money on platforms like Betway or Dream11.
However, I don't agree with the words of Anurag Thakur on volatility. If they can allow the gambling sites, mutual funds, stock trading platforms to run and advertise with
a short message of risk involved, how is bitcoin different from them? Yes, cryptocurrencies are highly volatile but not as volatile as losing money on platforms like Betway or Dream11.
Minister of state for finance Anurag Thakur said the government is very much open when it comes to digital currencies and that all options are being considered with an open mind.
The government is considering all options with an open mind when it comes to cryptocurrencies, and will make sure that the interests of investors are protected, Anurag Thakur, minister of state for finance, has said. The Union minister, however, raised concerns over the high volatility in digital assets.
The government is in the process of formulating a Bill on cryptocurrencies.
I think this is huge news for crypto community in India. This makes it clear that either government will not put blanket ban Or and investors will be given some time frame to liquidate their holdings.
The government is considering all options with an open mind when it comes to cryptocurrencies, and will make sure that the interests of investors are protected, Anurag Thakur, minister of state for finance, has said. The Union minister, however, raised concerns over the high volatility in digital assets.
The government is in the process of formulating a Bill on cryptocurrencies.
I think this is huge news for crypto community in India. This makes it clear that either government will not put blanket ban Or and investors will be given some time frame to liquidate their holdings.
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