Quote from: legendster on July 30, 2019, 09:14:36 PM

Quote from: deadley on July 30, 2019, 09:05:24 PM

If jail term proposal accepted by govt, then P2P will also stop, who will take risk to selling crypto, if they will get caught it will be big risk.
P2P will almost finished in India, localbitcoins and other P2P site most probably will unaccessible and Indian P2P platform will be shutdown for permanent.

Disagreed.

Currently, you could be jailed for having porn in your phone for up to three years. How strictly is that enforced? Name 1 person that stopped watching porn or storing it in their phone because of the law.

People that love privacy and have a need to transact in crypto, will find a way.

And that is not even counting the criminals and money launderers. They will abuse crypto just as badly as they have abused fiat.

Because no one can check your phone without search warrant, but bank can check your bank tx and govt will ban P2P site like Localbitcoins and Paxful. And Indian site will shutdown because it will be punishable to holding crypto, so how they can run platform for trading crypto in India.