Topic: Shocking - With a law, India plans lasting ban on cryptos - page 2. (Read 751 times)
Lots of people are working on this field and they are earning through it. Instead of restricting people from other illegal activities, or banning outdated inhuman practices, GOV is targeting an emerging technology because they don't understand it.
Yes It's News Very Bad India Ban crypto but not confirmed this news published News Economies time but prepared every India community.india Exchange prepared ban crypto other buy options like p2p it's good.
Trading volume increases on Indian exchanges during lockdown then immediately government tries to suppress the people with the law, so they want people to be poor and they just want the rich people to live here and every other citizen have to be slaves under rich people. 
But we know how much strict there will be even if it is passed as a law, so decentralized cryptos with p2p platforms they can never ban cryptos.
But we know how much strict there will be even if it is passed as a law, so decentralized cryptos with p2p platforms they can never ban cryptos.
Most of the people will not take the risk if this nightmare comes true. 250Mil is the huge amount many people can't earn that much in their whole life and no one with right mind want to waste 5- 10 year of their life in prison.
It will mostly affect those people who don't know how to stay anon online or not much technical.
Russia also considering to pass a similar law.
Trading volume increases on Indian exchanges during lockdown then immediately government tries to suppress the people with the law, so they want people to be poor and they just want the rich people to live here and every other citizen have to be slaves under rich people.
But we know how much strict there will be even if it is passed as a law, so decentralized cryptos with p2p platforms they can never ban cryptos.
But we know how much strict there will be even if it is passed as a law, so decentralized cryptos with p2p platforms they can never ban cryptos.
Yes i have also read this post https://economictimes.indiatimes.com/news/economy/policy/with-a-law-india-plans-lasting-ban-on-cryptos/articleshow/76330403.cms
but it takes time i think like 1 year.
But many companies may suffer even software companies may suffer.
but it takes time i think like 1 year.
But many companies may suffer even software companies may suffer.
An article from Economic time on 12 June 2020 says,
Don't know how to react! This is bad and sad! India is already struggling with freedom of speech under Modi government and now it seems to include financial freedom!
Ref: https://m.economictimes.com/news/economy/policy/with-a-law-india-plans-lasting-ban-on-cryptos/articleshow/76330403.cms
Quote
India is looking to introduce a law to ban cryptocurrencies, as the government sees a legal framework as being more effective than a circular from the Reserve Bank of India (RBI) in this regard. “A note has been moved (by the finance ministry) for inter-ministerial consultations,” a senior government official told ET.
Quote
A high-level government panel, in July 2019, prepared a draft law providing for a ban on all forms of private cryptocurrencies. It had suggested a fine of up to Rs 25 crore and imprisonment of up to 10 years for anyone dealing in them.
Don't know how to react! This is bad and sad! India is already struggling with freedom of speech under Modi government and now it seems to include financial freedom!
Ref: https://m.economictimes.com/news/economy/policy/with-a-law-india-plans-lasting-ban-on-cryptos/articleshow/76330403.cms
Jump to: