Quote from: Digitalbitcoin on Today at 09:26:03 PM

Bit different view,

As in India Wazirx, BitBNS, CoinDCX, Zebpay, and a few more offer crypto exchange services, where users can only exchange cryptocurrencies, except that no government can know how much crypto asset you hold.

All of the above exchanges are members of IAMAI (Internet And Mobile Association of India), along with this Binance is also a member of IAMAI. So, banning is not possible, in a legal manner. so taxation of the exchanged asset against fiat is charged by 30%.

So what?
We had a whaling association that didn't stop states from banning whaling at all. Let's forget whales or lead paint or how farmed salmon or kinder eggs are banned in some countries, there is an incoming ban on diesel cars, and if those manufacturers are not part of most associations out there I don't know who does.
If they want to ban something that much they can issue a law have it voted and if it passes goodby all of them wazrix, bitbns, and so on, that association will drop them from its ranks and that's it.

If a moronic government decided it's time to make another stupid move that's it, vote somebody else next time.
We had a Chinese Blockchain Association , did it help?

Quote from: Digitalbitcoin on Today at 09:26:03 PM

But crypto and blockchain are revolutionary and innovative concepts taking the world to a new height.

Care to show me one revolutionary example of a blockchain application that has taken the world to a new height?
Legit working already put in place accessible to the population, not pipedream no Ico no empty promises project?
There are tons of projects, maybe 1% of them would qualify for the above but I can hardly find one that could claim it had such impact.

Quote from: Slow death on Today at 10:44:40 AM

Quote from: kentrolla on February 13, 2022, 06:44:13 PM

Can they tax something which is not legal?

man I confess that I'm shocked by this news, I didn't know it was possible to pay tax for something illegal, how could that be possible?

Not giving it legal status doesn't mean it is illegal, for example, Bitcoin is not legal tender nor a currency by English law, yet it is not deemed illegal, right now India is in the same situation as most of the world and hopefully, it will get better, not worse.