Hello everyone! I hope you have a great weekend ahead, but this one creates FUD for Indian Bitcoin and crypto holders, miners and sellers.
I just saw this new recently:
https://cointelegraph.com/news/indian-lawmakers-propose-adoption-of-10-year-jail-term-for-crypto-dealingsIn my own opinion, these lawmakers are just plain stupid and are one-sided idiots. They’re focusing on the bad side of Bitcoin and cryptocurrencies rather than looking on the real use cases and benefits of it.
Is it because that criminals are using it as alternative way of stealing money, money laundering, etc.?
C’mon you lawmaker morons, money laundering has been around for a long time before Bitcoin was born, and you guys ruled out that owning cryptocurrencies is a crime?
I just feel what the proud Bitcoin and crypto holders from India are feeling now.
But I doubt it will pass according to Pomp on Twitter, because they need to consult with the Rural Bank of India first. A higher chance that passing this law will be unlikely.
But I could be wrong. What are your thoughts about this one guys? Any feedback or opinion will be appreciated.
Thanks in advance!
