More FUD coming from India
India's finance minister during his 2018 budget speech said that cryptocurrencies all not a legal tender in India and thus are illegal.
He said they'll be looking to eliminate Bitcoin and other digital currencies in the near future.
The key word here is 'eliminate'. South Korea regulated crypto trading but India is now hell bent on eliminating it.
This news is not positive.
These are turbulent times in the crypto space. Whatever can go wrong, is going wrong.
Fuel is being added to FUD fire, every frigging day.
For ex - Major Indian crypto exchanges have stopped withdrawals to banks as the banks aren't processing the same.
However, the finance minister also said that the govt will be looking to use blockchain technology that powers these currencies - as the tech does have good use case.
IGNORE headlines of mass-media. They always hype at the highest prices, and makes you panicking at the lows. IGNORE.
Think, analyze, use all your brain power, friends!
The price of bitcoin just shot down from 7,50,000 to 2,00,000 on Zebpay. Absolute madness!
Thank god i don't own any more bitcoin...let me check the price on koinex
It's back to 6,50,000. Madness I tell you
koinex is stable enough but definitely bro, that's frigging bad news
why can't the govt just collect taxes on crypto trading and be happy?
Because govt f**ks everything it enters into. Religion, marriage, education. Now it's time for the cryptocurrency. Sad times ahead.
let's see...but this crypto thing cannot be stopped
Government. Sweet governments. Always trying to protect their people. I'm disgusted.