Quote from: vrd on February 13, 2018, 03:26:07 AM

Quote from: Parvesh Duhan on February 12, 2018, 02:54:26 PM

Pm modi did demonetisation to supress black money and funding of illegal activities like terrorist funding. But due to bitcoin all the attempts of modi are in vain . So it is likely to expect from him to ban crytos.
But the Q is can he practically control or ban it

I can bet my portfolio on what you are speculating is false,
1. Modi has no control over blockchain or any kind of cryptos even he has no control over the shittier ones. lol
2. Modi has no idea about bitcoin hence he has asked his think tank to get him a report which identifies how the govt can suck out taxes and can be profited through this
3. and lastly I feel demonetization was the biggest scam of the country we used to have no KYC on zebpay or any Indian exchanges before or during the demonetization, AS SOON AS THE BLACK MONEY PROPOGANDA ended these exchanges started KYC. and we have seen the dramatic price rise of BTC after the demonetization. I am not saying anything but all the black money was converted then and their itself.
4.india follows the USA , being a democracy they will always follow them so you can check out the historical references of crypto regulation in the US and you will find out how the fake media from the US did the same what Indian media are doing.

India has not followed USA for porn then why should he follow it for bitcoin , it may follow china and korea where they banned ICO's and miners are levied with separate electricity rate means the government has control over it.

Also How can they tax people who have bitcoin mined ? no exchange in-between , they just cant track it so even if they impose 50% tax nothing they will get from small miners.

India can control it, not fully but partially like other countries done.