Hello everyone ,
How are you all ? I hope everyone is fine and doing great in their life.
While everyone might be fine around the world that's not the case with the people of india or i can atleast say majority of people in India. It is because of the concern regarding the future of crypto currency in India.
There are so many people in India who trade in crypto currency , according to one survey there are more than 2 crore indian that deals with crypto currency in one way or the other.
Now people are suddenly questioning about the future of Crypto currencies in India because of the recent paper released by the government.
It says that government will ban all private cryptocurrencies in India. look the screenshot below , it is from the official paper released by the government.
Now people should know this that bitcoin , Ethereum , and various other Crypto Currencies are not private but public. I really want to know what government really means by saying private cryptocurrencies.
The bill will come into discussion on 29th November so i will be waiting until then and see what they are really upto.
I think they are planning to regulate cryptocurrency and there won't be a ban on them for sure. I am writing this blog specially for the people of India and i hope people will stop panicking.
There is already a lot of panic and people who are from india can see it on Indian exchanges.
Thank you
Well, like you I will be watching to see what happens, when the rivers sound in other places you have to be alert.
Thanks for the information
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Hello @kamranrkploy
I just read something about it, and that information about banning is probably false. It may be that some are manipulating the market that way to lower prices and then buy cheap. It is quite a common strategy in these markets, especially for those who have great influence and way to manipulate the markets.
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Hi @kamranrkploy
Beyond threats and restrictions, Inda will have to adjust whether it wants to or not to the new economic and financial order that will be adopted by the major economic powers, which will undoubtedly navigate the crypto world.
Best regards, be well.
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Greetings @kamranrkploy, Currently I doubt that any country will ever completely ban cryptocurrencies, this new economic model is completely changing the economic world we know, this is mainly due to the benefits it is generating to the countries that decided to use cryptocurrencies as their main economy.
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Greetings @ kamranrkploy
I think the negotiations between the government and crypto investments are going to last for a while, but it is given that way, If it leads to banning cryptocurrencies it would be very catastrophic as I am sure it would increase a lot more. Cryptocurrencies is something inevitable nowadays and its expansion will not be able to stop me in India either.
Thank you very much for sharing
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@tipu curate
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Upvoted 👌 (Mana: 1/5) Get profit votes with @tipU :)
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