I wonder if the major populous will ever catch on to the central banking scammers. Or its Titanic all over again. This time for countries
Indian population is so big that if a handful of few like us understand what is the motive behind all of this new financial technology, it won't affect the government. The majority will still follow the government policy without even questioning the reason. We Indians do not have any issues with any government policy until the policy becomes a problem for us individually. The best example is the cryptocurrency tax which has resulted in so many issues this year. Before that none of us had any issues with the tax, even though they were never friendly for the middle class.
Also regarding this remember that time Vitalik donated billions to indian govt when they wanted to ban Crypto ?
I wonder if they payed 30% tax for that.
That was a big gesture from Vitalik at a time when the country was struggling with the COVID-19 virus. Remembering those days still gives me chills and by the way that money went was meant for relief work. The government never disclosed what it did with that amount and never even confessed that it was a great help from Vitalik publically.
Tax law was not applicable at that time.
Vitalik had donated around $1 billion worth of cryptocurrencies to the Covid 19 relief fund for India.
As per the reports the funds were utilized for medical supplies, oxygen cylinders and other things.
More details can be found here
https://gizmodo.com/ethereum-founder-donated-1-billion-to-fight-covid-in-i-1847381361P.S: Despite receiving such a huge donation Indian was thinking to ban cryptocurrencies instead of expressing gratitude.
Thats probably because of RBI hidden agenda to screw over Indians and make their CBDC