You are viewing a single comment's thread from:

RE: HOW IS IT WITH THE CURRENT CRYPTO BAN IN INDIA?

in Project HOPE3 years ago

Hello dear friend @crypto.piotr
Appreciate to touch this topic.
The word Ban is frightening anyway. A few days ago, when I heard the discussion on cryptocurrency ban in India through various newspaper TV news, my mind was getting disturbed. Once it came to mind to take the Trezor wallet. However, I could not believe that India, represented everywhere, would stop cryptocurrencies. In between, news of crypto ban comes through rumors of some newspapers, TV news but till now no concrete decision has been taken on it. The situation behind this is quite clear that countless numbers of people from India are investing in crypto. The kind of circumstances that are being created, I never thinks that there will be a crypto ban in India. Still, there is a fear in the mind that no clear instructions are being received from the Government of India. Anyway, arguing with the authorities in India is like putting your hand in a beehive. As far as I understand digital currency will be the main source of exchange in coming time, so it would be wise not to ban crypto. Even if appropriate taxes are levied for it. Except for a few countries, crypto is being legalized in most countries. Like the western countries, crypto regulation in India should also be accelerated. Regrettably, India is not looking at crypto positively in monetary terms. As far as I understand the final regulation will not be so stringent as to consider crypto illegal in India. There is an inevitable need for an alternative source of wealth protection to the wealthy in India, the most suitable source of which is only crypto. In the end, I would like to say that whatever decision the government has to take, the sooner it is better because most of the people are living in this dilemma that if they invest in crypto and the government will ban then their all will be drowned.
Regards.

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63237.60
ETH 2647.23
USDT 1.00
SBD 2.81