Topic: India looking to Re-ban Bitcoin - page 5. (Read 996 times)
They will need a throughly research regarding this matter, it's not necessary to ban it, but it will be better if they will able to spread word or educate their people how to fully use it to avoid scam projects, we all know sooner or later crypto will be adopted by many and they were lucky enough that it was already made legal in them, what they can do now is to harness the possibility that it can be used in better transactions and how they can improve so people will be aware and stay away from scammy projects.
I also disagree with the new ban on cryptocurrencies in India it is utter nonsense. According to the article, one of the problems is to avoid the proliferation of frauds. But that could be solved if the government accepts cryptocurrencies and educates people not to be victims of these scams.
Sooner or later the government will have to give in and give cryptocurrencies a chance as other nations have accepted.
A transformation with currencies, banking and finance will be noticed when China launches the digital Yuan, propelling the economy into the digital age.
Sooner or later the government will have to give in and give cryptocurrencies a chance as other nations have accepted.
A transformation with currencies, banking and finance will be noticed when China launches the digital Yuan, propelling the economy into the digital age.
Looks like is India is going full circle and trying to ban Bitcoin again after the supreme court over ruled the previous ruling by central bank of india in March.
They also seem to be taking the blockchain good bitcoin bad argument. Some governments just don't know when to stop.
Im guessing they will be another battle in the supreme court which will carry on for another 2-3 years ridiculous.
Source :
https://www.bloomberg.com/news/articles/2020-09-15/india-plans-to-introduce-law-to-ban-trading-in-cryptocurrency?srnd=premium-asia
Just let them be and actually people got already tired on kind of news which do ban and then lift off then ban again like situations.If they totally get rid of it then so be it if they go back then its a good news, just like that.They also seem to be taking the blockchain good bitcoin bad argument. Some governments just don't know when to stop.
Im guessing they will be another battle in the supreme court which will carry on for another 2-3 years ridiculous.
Source :
https://www.bloomberg.com/news/articles/2020-09-15/india-plans-to-introduce-law-to-ban-trading-in-cryptocurrency?srnd=premium-asia
Each country do have its own jurisdiction when it comes to things so it wont be a surprising stuff to look or see these kind of decisions but its already getting boring for us to look or make it as a serious thing.
2-3 years battle? Why they can just focus on one side of things?
Looks like is India is going full circle and trying to ban Bitcoin again after the supreme court over ruled the previous ruling by central bank of india in March.
They also seem to be taking the blockchain good bitcoin bad argument. Some governments just don't know when to stop.
Im guessing they will be another battle in the supreme court which will carry on for another 2-3 years ridiculous.
Source :
https://www.bloomberg.com/news/articles/2020-09-15/india-plans-to-introduce-law-to-ban-trading-in-cryptocurrency?srnd=premium-asia
They also seem to be taking the blockchain good bitcoin bad argument. Some governments just don't know when to stop.
Im guessing they will be another battle in the supreme court which will carry on for another 2-3 years ridiculous.
Source :
https://www.bloomberg.com/news/articles/2020-09-15/india-plans-to-introduce-law-to-ban-trading-in-cryptocurrency?srnd=premium-asia
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