@firepower - Considering the pace at which the crypto market cap is rising, I believe the FIAT currency bankers and governments who believe in 'control' will naturally start applying their current measures to crypto space too. It is a natural step - especially since it is perceived that Bitcoin and other crypto currencies are being used to hide black money and for anti-social activities. The way IT department is trying to go about it is a bit Draconian though. I am appalled at the level of details asked for.
Thanks for this insightful post. Upvoted
Regards,
@vm2904
Indian laws are largely draconian and so is the mindset of most of the people in our govt.
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"It is a natural step - especially since it is perceived that Bitcoin and other crypto currencies are being used to hide black money and for anti-social activities." just remove this part lol its extra, I live in California, what fiat currency was i using for my "black market" transactions? Cold hard cash. it's not a good reason to regulate cryptos or a counterlogic reason to support a pro coin argument. Yes I know people that launder quite a bit of money through cryptos, does it even come remotely close to the amount of blood money out there? nah haha dirty money clean money I don't see the difference. just to support your comment man nothing negative here.
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