Post
Topic
Board Bitcoin Discussion
Re: Proposed new law to jail Bitcoin holders, miners and sellers in India???
by
Mike Mayor
on 10/06/2019, 03:00:22 UTC
I explained about it here:

It's funny how news are sold on internet. These online media manipulate the content and add spices and flavors from their end. This is the picture of draft that was circulated over internet and the reason of this news:



You can clearly read that the punishment is based on the condition. The drafters have used the words 'any of the activities mentioned in clause (e), (g) and/or (h) of sub-section (1) of Section 8'. Hence, drafters are proposing only selective ban, not conclusive one. Trading or holding cryptocurrencies will be considered as offence only if used for activities mentioned under those clauses. Moreover, this is just a proposed draft, final bill comes to effect after passing from Houses of Parliament which is subject to several changes in the draft. So it is too early to fear anything.

But I doubt it will pass according to Pomp on Twitter, because they need to consult with the Rural Bank of India first. A higher chance that passing this law will be unlikely.
Is this a typo or I missed the sarcasm!?  Roll Eyes

You shall not trade, So just call it currenciescrypto instead or it is bitcoin it is not cryptocurrencies ^_^
We shall call it, Magical Internet Non Slavery Thing 1.0

Relax everyone this will never happen. This is unconstitutional and totally a violation of human rights. This is new age slavery basically. YOU WILL USE OUR GOVERNMENT SHITCOIN CALLED FIAT OR WE WILL THROW YOU IN JAIL!!! RAWR !!! Sounds like a government like that will definitely have lots of support right? xP

INDIA BAN CRYPTO

Any country that jails its people over non violent acts and not involving theft needs to be overthrown. Government politicians/employees need to remember who they are working for.


This is the heart of our problem and why government = slavery.

dollar slowly die and affect other money paper while the prices in super markets and other things rise and crap salaries..COMPARE to

crypto..

it always was and will be but with some new tech ideas like crypto people begin aware that hell what is going in this planet...

Cannabis is starting to be decriminalized all cross the world and here is these idiots going backward again trying to make crypto illegal. Gosh what a bunch of clowns.