Things Are Not Very Positive For Cryptocurrencies In India, Maybe I Need To Leave Steemit Because Of This 😐😐 !!
Hello All Dear Steemit Friends,
So guys from last few days i was not very much active on Steemit and the main reason behind this situation is the latest cryptocurrency draft that Indian government is thinking to implement soon and this draft is super bad for cryptocurrency holders and traders living in india.
Government clearly in a mood to implement a strict rules to Ban Cryptocurrency uses and all other related activities for indian citizens and all the media and news channels are just filled with negative news about the Ban of Bitcoin and Cryptocurrencies in india.
Well iam very much disappointed by this decision of government authorities and if this draft get passed in parliament then it would be very bad for me and other Cryptocurrency holders in India and because of that draft i also have to leave Steemit because Storing and earning Cryptocurrencies would be illegal after passing of this draft.
So guys what's your opinions about this matter.let me know in the comments section below.
Thanks For Reading My Post
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Why don't you just use vpn and when you withdraw, you can send money to anyone outside the country and he will send you that in paypal or somehow else. I don't think that the government will trach your activity in the web. If let's say you will use the incognito mode in the browser, plus vpn, plus brave browser or tor, who will be able to track your activity.
Governments always want people to use only their system to control them, to make them pay taxes for every cent they earn, but with crypto they are not able to do that, that's why they will just say that's illegal, they will say that bitcoin and crypto aere used by bad people, while we can do anything we want with the fiat money as well, there are more crimes committed with fiat money than with crypto. For example corruption and a lot of thing that are happening in all the governments with fiat.
I think we will be always able to find solutions to stay in crypto and in the future all the governments will have to just accept that.
Yes i agree with you that we can use cryptocurrency even after the ban but the point is that it will make hard for us to enjoy tension free profits on our cryptocurrency investment and earnings.
And we also need to be more careful while doing any transaction because in india we all completed our KYC so it's easy for government to know who involved in Cryptocurrencies and that's why it's bad for us because it's not like that we are not paying tax to government on our earnings with Cryptocurrencies but it's all about the thing that government itself wants to release Digital Rupee that will he our main currency for all uses.
It's really bad that government itself using blockchain but not allowing it's citizens to ise the technology.😐
I don’t let anyone tell me what to do... lol
Posted using Partiko iOS
😅😅 True bro.
Sorry to hear that, cryptocurrency is huge in India. I'm sure some people will still use it to fight back
Yes i also think so and for sure iam also one of them.
Just remain a passive investor by using a VPN and HODL until they come to their senses, they can ban crypto use but they can't stop crypto use unfortunately. Highly skilled Indians are already leaving the country in droves so they will only push their best and brightest away and hurt their economy in future.
Large economies like India, China and US will want to preserve the status quo which gives other nations an opportunity to leapfrog them
Indeed iam agree with you because these countries just destroying their own economic development.
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That's so sad... Hope the system not get implemented but I get the impression that's not what will happen... It's sad to see that you leave STEEM. Hope the best for you~
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