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RE: India Toughens Stance on Cryptos: "Will Take all Measures to Eliminate Use"
I'd say what the minister said is definitely a toughened stance (the title of the video). To whit, “The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system." Payment systems are a huge part of the value thesis and utility of crypto. Imagine they were banned as payment in the U.S.- Bitcoin would crater. It's the entire point of Bitcoin.
If it appeared that I claimed they will put a total ban on crypto, that's not what I intended.
No worries, I just wanted to comment on it since that is how it came across to me :-)
Thanks for the clarification and keep on bringing the news!
Oh for sure. I really appreciate the feedback- I really don't want to come off as a clickbait channel, since the videos themselves are really about sticking as close to the facts as I can and not being fluffy.
It's actually fairly difficult to balance conveying the gravity of a story versus the context in a title sometimes. But I'm enjoying the effort!
Thanks again for the feedback!
And by doing this, you now have one extra follower ;-)
Wow, thanks for the follow! I'm honored to have such an interesting and engaged audience!