RE: DAILY CRYPTO NEWS - INDIA CRACK DOWN ON CRYPTOCURRENCY

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DAILY CRYPTO NEWS - INDIA CRACK DOWN ON CRYPTOCURRENCY

in bitcoin •  7 years ago 

Hey Lauren - thanks for your update...nice job. you might want to take a look at my article concerning Cryptos and India's Considerations. My gut tells me they will shoot for disallowing "anonymity" in order to avoid fraud and illicit commerce. But, India stands to lose out in a HUGE way if they totally outlaw crypto. Why? because there's a huge opportunity on the "tech" side with blockchain platform innovation that can be used in a variety of industries not only there in India but worldwide and India is a "haven" for offshore employment in this area. If the Govt denies all crypto, organizations will not want to engage in Indian developers for fear of sabotage etc. More to come...but something to consider - Todd

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Hey Todd, Thanks, I will be sure to check your article out ;) And I totally agree, they will miss out big time on the Blockchain opportunity if they decide to outlaw Crypto, there are so many industries using this technology (explained a lot in other posts) I think it is down to getting it regulated properly, once we find a way to do this worldwide then we won't see these ongoing issue, but a lot of people don't want the regulation or legislation so we will see! But thank you for commenting really appreaciate it :)