Post
Topic
Board India
Re: Millennial and Cryptocurrency
by
HiringYou
on 01/09/2020, 19:08:40 UTC
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I understand that. Legal regulations surrounding cryptos in India is one of the biggest hindrance. But I was shocked to see that people still think that cryptos are banned in India and are not aware of RBI circular being lifted. Future regulations is still a topic of speculation. There is not enough awareness and we certainly can't ignore that fact. That's why I suggested more information regarding cryptos on social media is required because I don't think our "Media" is anyway interested to spread news we need.
RBI imposed ban on cryptocurrency trading in April,2018 and Supreme Court lifted this ban in March,2020.In this span of 2 years, I have not seen even a single post regarding this gone viral on social media.Not even a single news channel considered it important to be shown on their channel. Not everyone goes and search about crypto's. These two are the basic platform's from where people can get to know about cryptocurrency.You are right that our media is least interested in showing this type of news so undeniably we require more social media handles sharing regular information regarding cryptos's.


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Also, I would like to know that what you people think whether more adoption will lead to an immediate ban (as government might fear increased money laundering) or would it stop government from pursuing the ban (since many people will be into crypto's and banning it might harm their party interest)?
As the ban is lifted so definitely more people will start working with crypto's. So instead of imposing a ban on it again, government should come out with some measures in order to regulate and to keep a regular check on cryptocurrency transactions.