Post
Topic
Board Bitcoin Discussion
Re: Indian Govt thinks Bitcoin is a ponzi scheme
by
Cosbycoin
on 04/05/2019, 10:17:41 UTC
Its quite sad, I have been using bitcoin for 3 years now but because of the crash, bitcoin has been labeled a ponzi scheme and there are plans to ban it in india Sad

https://coingape.com/indian-lawmakers-call-ban-bitcoin-cryptocurrency/
https://www.ccn.com/why-indias-bitcoin-ban-could-disappear-after-march-29-hearing


edit: Im Indian
I read something similar from the official sources of news from India but what I think is that the government over there has not yet banned the use of cryptocurrencies. Most of the governments from various countries are going opposite to the use of cryptocurrencies because use of cryptocurrencies is minimizing the use of fiat currencies which is also minimizing the collection of taxes.

Governments are always greedy and try to collect maximum amount of taxes from the peoples but the cryptocurrency markets are anonymous which does not give the right to anyone to keep track on the transactions which also makes it impossible to government to impact taxes onto it so they are always running opposite to them.