India VS Bitcoin as the Elite push to tax our Freedom to use Cryptocurrencies

Another day, another country threatens to ban/regulate Bitcoin as governments worldwide grow increasingly worried about losing profits from stealing from their slaves via taxes. A few days ago it was Korea and now it's India. Fear not my friends as this is nothing but a pathetic attempt by the criminal governments to try and regulate cryptocurrencies. Bitcoin won't get banned nor can they do that. They just want their piece of the pie and won't let you evade the tentacles of their corrupt money sucking octopus that is touching each and every citizen of the planet.

Let's see how they plan to make us question cryptocurencies viability and make us buy back into their central banking bullshit.

STEP 1: Ban withdrawals

Bitcoin exchanges are under fire in India, as many of the nation’s top banks have suspended or greatly curtailed functionality on exchange accounts. State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have all taken strong action toward crypto exchanges, either closing accounts or severely limiting functionality. The banks cite the risk of dubious transactions, according to local reports.

The Indian Government were under intense pressure in 2017 after the Indian Supreme Court called for the digital token to be regulated. No surprise there, as no country is willing to separate from the free money they get from their slaves in form of taxation.

Step 2: Create FUD

Finance Minster Arun Jaitley later stated the Government’s stance on Bitcoin after he told a conference that bitcoin is not recognized as legal tender.

He said:

Recommendations are being worked at. The government’s position is clear, we don’t recognise this as legal currency as of now.

Earlier in August Mr Jaitley told the Indian Parliament that the Government had no power to regulate or control cryptocurrencies, sparking wide debate about the issue.

To further discourage potential investors from buying into the bitcoin/crypto hype, the Indian Ministry of Finance issued an official communique on December 29 in which it labeled bitcoin a worthless “Ponzi scheme”.

Step 3: Repeat step 2 untill they are to scared to invest in crypto and start making us money again

The Ministry said:

The Virtual Currencies (VCs) don’t have any intrinsic value and are not backed by any kind of assets.

The price of Bitcoin and other VCs therefore is entirely a matter of mere speculation resulting in spurt and volatility in their prices.

There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard-earned money.

The Ministry’s notice further stated that

Neither the Government nor any other regulator has given out licenses to crypto exchanges to even operate.

It added:

Persons dealing in them must consider these facts and beware of the risks involved in dealing in VCs.

Looks like they will stop at nothing to prevent further losses from their theft operation they like to call taxes. You need to understand that governments are the biggest mafia in the world. Using violence and any other means necessary to ensure their profits. THEY WILL STOP AT NOTHING!

Step 4: repeat step 1-3 untill they run back crying to our banksters and pay taxes!

Blocking bitcoin exchanges and preventing them for paying out their costumes

Koinex, the biggest cryptocurrency exchange in India is having a hard time with all of the FUD from the government and had to temporarily dissable INRwithdrawalss, creating a fear amongst investors but they clearly stated that all funds in the exchange are safe and no funds were lost. They just need to resolve the situation with the banksters.

We want to inform you that your money is safe. The affected deposits are safely held with the payment service provider’s bank in a nodal account (nodal account is a custodial account where users’ money is safely deposited). INR withdrawals will resume as soon as the settlement to Koinex is completed. We expect a resolution within this week.

They also stated that

“A tussle between our payment service partner and their bank has caused an indefinite delay in the settlement of a large portion of deposits to Koinex in the past 2 weeks,” they explained. “This created a bottleneck in the cash flow of user funds, thus hamstringing INR withdrawals on the platform.”

Banksters and the elite are doing a hell of a job causing FUD, but they don't understand that BitCoin can not be banned as it's not owned by any government (but the people don't so they get scared and cause more FUD). The only reason Bitcoin and other cryptocurrencies came to existance is to let us separate from the criminals stealing our money and give us an alternative to the corrupt and unfair banking system we currently have.

A system where they enslave us with worthless pieces of paper that don't even exist. What do you mean they money doesn't exist?

Well when you get a loan from the bank you just get numbers sent to your bank account. It doesn't mean that the money actually exists. Banks have the right to lend at least 10$ in credit for each 1$ that is put into savings in their bank.That's how their banking system works and that's why it's called fractional reserve banking. Fractional because this bastards only have a fraction of what they are lending out and are expecting you to give them a full return + a provision, for something that didn't even exist. Don't you see how absurd that is? I'm furious that most people don't understand this and let themselves fall into the trap of the elite and their banksters.

But as they do the best they can to steal our money, we can do an even better job and show them a big fuck you by not obeying their rules. Going to another coin and doing the best we can not to let them steal our hard earned money. Do whatever you can to evade theft from an institution that's supposed to help and do everything they can to ensure wellbeing for their people, but they do just the opposite. So why should we go by their rules? What is stopping you from dissobeying? And why are we still their slaves?

I hope this will open a couple of eyes and wake some people up. Because most are blind to this and don't understand how the system works and how the elite is doing everything they can to suck every last cent they can from us. I said this before and I'll say it again.

Governments, central banks and the elite that are ruling this world are nothing but parazites, we are their hosts and they are leeching on our hard earned money, sucking everything they can untill we can't give no more and drop dead. They are criminals and dictators, spreading war and suffering all over the world for their personal profits, dealing insane amounts of drugs while imprisoning us for a couple of grams of weed.

Acknowledge this and wake up from the dream they put you in!

WAKE UP AND FIGHT FOR YOUR RIGHTS OR THIS WILL JUST GET WORSE!

Read more:
Is Bitcoin going to be banned in India?
Is bitcoin illegal in India? Bitcoin's complicated relationship with India explained