Topic: INDIAN FUD is FAKE - There was no reason to panic - page 4. (Read 544 times)
This India government ban of cryptocurrency has been all over the internet just to cause panic in the crypto world. This FUD has lured weak hands to sell at loss. The FUD has no grand and it was just meant to buy tokens very cheap from weak hands.
Today, Indian Finance Minister has issued a statement:
There is no statement about banning cryptocurrency in INDIA at all.
Read over that again...
'financing illegitimate activities' - This may include drugs/prostitution/terrorism/etc
On the contrary, the statement was continued as
Thus, illustrating that the Indian government does indeed see the value behind cryptocurrency, if not as legal tender.
So, a shout out to all new comers specially from south asia, stop panicking and get matured over FUD.
Quote
The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems.
There is no statement about banning cryptocurrency in INDIA at all.
Read over that again...
'financing illegitimate activities' - This may include drugs/prostitution/terrorism/etc
On the contrary, the statement was continued as
Quote
the government will instead encourage blockchain technology in traditional payment systems
Thus, illustrating that the Indian government does indeed see the value behind cryptocurrency, if not as legal tender.
So, a shout out to all new comers specially from south asia, stop panicking and get matured over FUD.
It's the way the market is right now, any news is being twisted and manipulated in favour of a bearish movement in the market. Every time some authority talks about crypto should in many ways be viewed as a big thing, it means it is not just a flash in the pan and they are having to consider how to regulate it and control it so as to protect their interested and the interests of the people they represent. People need to learn to read news before they make decisions about their investments but I don't think that crypto is ready for that just yet, there are still too many 'get rich quick' guys and they'll always panic at the first signs of negativity.
Today, Indian Finance Minister has issued a statement:
There is no statement about banning cryptocurrency in INDIA at all.
Read over that again...
'financing illegitimate activities' - This may include drugs/prostitution/terrorism/etc
On the contrary, the statement was continued as
Thus, illustrating that the Indian government does indeed see the value behind cryptocurrency, if not as legal tender.
So, a shout out to all new comers specially from south asia, stop panicking and get matured over FUD.
PS: Leave a merit if my post helped you in any way.
Quote
The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems.
There is no statement about banning cryptocurrency in INDIA at all.
Read over that again...
'financing illegitimate activities' - This may include drugs/prostitution/terrorism/etc
On the contrary, the statement was continued as
Quote
the government will instead encourage blockchain technology in traditional payment systems
Thus, illustrating that the Indian government does indeed see the value behind cryptocurrency, if not as legal tender.
So, a shout out to all new comers specially from south asia, stop panicking and get matured over FUD.
PS: Leave a merit if my post helped you in any way.
Jump to: