Will India End Its Crypto Ban?

in #cryptocurrency6 years ago (edited)

As some of you know, India's Reserve Bank has forbidden them from dealing with cryptocurrency recently. For such a populous, communications tech-oriented nation to so heavily denounce cryptocurrency is unfortunate for the market in a short-term sense, though in the long term it might mean more sound, balanced regulations when they eventually do allow cryptocurrency into their national plans.


Image Source: https://kryptomoney.com/rbi-ban-wont-able-buy-via-banks-e-wallets/

In a stark contrast to India's ban, they might be bending their own rules a bit sooner than they think. Venezuela is giving India a powerful incentive to deal in crypto-currency on a massive, national level. In a possible attempt to circumnavigate the block Trump has placed on America dealing with any form of Venezuelan cryptos, Venezuela has offered India a very significant discount on oil.


Image Source: https://oilprice.com/Energy/Energy-General/Whats-Really-Happening-With-Venezuelas-El-Petro.html

To promote and strengthen El Petro, Venezuela's president proudly declares it as the world's first national cryptocurrency, backed by national reserves of petroleum. If India agrees to pay for crude oil with El Petro, Venezuela will give them a 30% discount on it. That's a massive 30% drop in overhead, which could be enough to sway India's willingness to engage in cryptocurrencies.

GODcoin Crown.png

So what does this have to do with GODcoin? Be reminded that all things serve the will of God, and God has willed this revolutionary currency to accomplish much more than a paltry short-term exchange profit. This elite coin is the foundation of what will be the new world economy. As a cryptocurrency, much of its preliminary success will depend upon international warmth toward crypto-coins in both the private and public sectors. When we see the unstable predecessors of GODcoin changing global minds away from traditional currency, we see the paradigm shift necessary to bring a better way to everyone seeking a spiritually and ethically sound approach to stable wealth.

Not only does GODcoin give the illuminated path towards the future, but as gold and silver increase, so will the investments being made at this time. GODcoin's amazing ICO offer of investments being met with a 40% token bonus has been extended until the end of May 2018! Invest now, and as the price of gold will inevitably increase, so will your profit!

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A new global standard!

It would be wise for them.

Eventually, every country will be using it

It's interesting what Venezuela is offering them considering what their country is going through...

The wisest investment anyone will ever make is into GODcoin right now.

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There will be a lot of interesting!

Meanwhile, India is getting the crap kicked out of it by natural disasters. Seems like the One True God has something He'd like for them to amend.

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