Re: India Want to Kill all Cryptocurrencies

Quote from: Alterer on February 01, 2018, 10:22:27 AM

News came today as Indian finance minister finally clarified that they will take actions to ban all cryptocurrencies.
https://qz.com/1148361/budget-2018-indias-government-wants-to-kill-bitcoin-but-it-loves-blockchain/
https://www.bloombergquint.com/global-economics/2018/02/01/india-to-curb-cryptocurrency-use-while-embracing-blockchain
http://www.keralanews247.com/budget-2018-arun-jaitley-speaks-about-bitcoin/

Personally I believe it's a mistake; but hey we are talking about government, which is naturally should be against mostly free and decentralized power of cryptocurrencies.

So, don't panic people. Hold your coins.

Edit 1: After all the news, maybe it's early to say India will ban it soon. Misinterpretation to say India will ban everything. But today's news showed their stance about bitcoin and cryptocurrencies. We will follow further news...

Edit 2: For people who doesn't know how big India in cryptoworld: India is making 1 of every 10 bitcoin transactions anytime.

As per the local NEWS gov is not going to ban the crytocoins. If a investor or trader is paying tax accordingly then there is no problem. Second thing declared that no crypto-currency is being recognized by gov(not a legal tender) that means you can not open any shop, or trade any thing with cryptocoins.