Watch Me On National TV Discussing The Proposed Indian Crypto Ban Bill!
I was in the news yesterday as I was invited by "India Ahead News" for being an early adopter to cryptocurrencies in India. It is an English mainstream news channel with a nationwide presence. I was there along with renowned cyber law expert from India Mr. Pawan Duggal to discuss the "proposed" nonsensical crypto ban bill that's caused some unnecessary panic in the cryptocurrency-blockchain tech sector in the country.
This is somewhat last minute and I had some issues with my mic, as I was doing this over Skype. So you might want to turn up the audio on your devices to hear me clearly. This was a first on TV and I hope I can share more information with a wider audience similarly in the the future.
Btw, if you pay close attention to my jacket you might just spot the Steem pin on me! ;) I couldn't speak about Steem in this one but this is the least I could do for our community here. This is also the first time that anything Steem is on national tv in India.
In the past my meetups and articles have appeared in top media newspapers and online editions when they were somewhat enthusiastic about covering the emerging crypto market in India. I hope that happens again!
If you have any questions about this new confusion in crypto space in India please feel free to ask me in the comments below and please share this around so that people are not unnecessarily worried about a crypto ban in India which is nearly impossible to execute for the government.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Why You Should Vote For Firepower As Witness—Witness Campaign Post From India!
- Steem.Chat Contest #82
the national banks are the coin-setters and generators of the FIAT coins, these coins are used by the governments of turn as methods of containment, both of the population and of the economy, study the current case of the Venezuelan economy, not all that It is done is bad. but all governments are afraid to openly allow cryptocurrencies, because they would be losing one of the best means of controlling the territory and therefore of sovereignty. Vista this last and without updating from the time of the conquest or invasion of the American continent.
Quite true. Governments especially protectionist types such as the one here are scared of cryptos. Let's see how the situation unfolds.
Good to see you cleared the air with that awesome lawyer.
Most of the Indians have a tendency to panic in these kinds of situations without getting into the depth of the things.
You mentioned that it is not certain yet that if it is a public or a private bill - if it is a private bill, there are 99% chances of it not being passed.
Only 14 private bills have been passed since India became independent and the last one to be passed was way back in 1970.
Also, even if the bill is passed (worst case scenario), it won't be easy to implement.
Thanks
Yes that is correct! :) I'm hopeful our lawmakers will be a bit sensible about this tech. It would be foolish to ban it outright!
I am sure the law-makers will take a wise decision.
And if they don't, the whole nation will be at loss.
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True that!
Great job man! We need some positivity in the space and you and that lawyer sure did a good job delivering it :)
Thanks a lot dude. :)
I almost expected the 'expert' to be negative. Glad to see positive response.
Don't keep such low hopes. Plenty of people want to fight this nonsense. It won't be easy for the govt to oppress people here.
Good work dear, keep sharing such updates .
Thank you. I will post more as I know more.
amazing, congrats1
Thank you so much bro :)
ehehe all fancy :D awesome job :D
That's really good yo see brother that the people like you those who know lots of things about the blockchain spreading it all the way to people of India hope so everything gets better and we get everything according to law.
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Cheers dude! I want people of our nation to be aware and not get bogged down due to the nonsense peddled by a section of our media and ruin investment, trade and employment opportunities in this space!
Nicely done..
Thank you :)
Great advocate for crypto in India! I hope you are able to cope with the situation if it intensifies. Will be interesting to hear what steps you are taking to protect yourself against oppressive laws such as these.
Thank you so much. I'm not sure this will become a law or what my options will be at that point. I'll take it as it comes.