Do you want to propose an alternative?

I don't think we have a choice. Majority of the exchanges are centralized and if they choose to block grey/dirty cryptos, they can do it and report to the authorities. That's what the blockchain technology is! You can have a complete track of payments through the public ledger and bifurcate the coins based on its previous history.

DEXs are definitely here, mixers are here, coinjoins are here to make your crypto look clean. People can make use of those services.

That is not going to change anytime soon. There are couple of options available though where one can get their bitcoins exchanged against cash without going through banking route. But due to local laws on cash, many people are not able to make use of it. It is also risky to a certain extent because your identity will be revealed through this process. So I don't see the banking process changing anytime soon.

Banking system has been deep rooted within the structure of the society. It is next to impossible to avoid its influence and also the convenience provided by it.

When Russia has been thrown out of SWIFT system, how they are supposed to pay their debt in USD?? It seems OP has fallen prey of US media manipulation.

Read the actual news here,

https://www.reuters.com/world/europe/russia-will-take-legal-action-if-forced-into-sovereign-debt-default-newspaper-2022-04-10/

Hope it makes sense! Russian government has already made arrangements to repay the debt in Rubble instead of USD. It isn't a default.

It doesn't look like a complete ban. From the article, I understand that UPI mode of payment has been withdrawn from the list of payment methods available. Any other Indian coinbase user can confirm this as I don't use Coinbase anymore and not planning to return to them. UPI payment method is created by Indian government and they have already created issues for the crypto exchanges. Majority of the crypto exchanges do not use UPI payment method anymore. But there are other methods available for them to use.

However, with the current government and their confusing leaders, India haven't yet got a proper crypto framework which can support businesses. So it's no wonder that crypto exchanges are having tough time operating in India.

Yes, this will help China to flood international markets with their Cheap and Below-standard products. The way it has captured majority of Africa with such products, Europe will soon see such things happening to their markets as well. OBOR is a project that will help only China and no one else. European manufacturers will not be able to cope up with the competition because the labor is not cheap in EU. Slowly the local manufacturing units will either shut down or will be purchased by Chinese companies.

Slowly, EU will see the true color of communism and predatory business practices which British people used to apply to their colonies 100 years back.

If you love your country, boycott everything that is made in China.

Such kind of regulations will increase the expenses of crypto companies if they want to setup their offices in NY or any other states in US. Corporate and legal Compliance is usually expensive affair and not start-up friendly. If NY becomes very stringent on those rules, crypto companies will possibly move their jurisdictions or even countries.

But considering the integrity of crypto businesses and to keep the scams away from the cryptospace, regulation is necessary!

This statement is a two edges sword! It could very well be translated into two different meanings. Is it a technology that will transform the financial space for good or for bad??

While we, the community members believe that cryptocurrency is a good technology that can disrupt the current banking based financial system. We have see some examples during Hong Kong crisis and we are seeing it now during Rus-Ukraine war. People are becoming less dependent on banks and more eager to control their own finances through cryptocurrency.

Then, there is government who believes cryptos can disrupt the current banking based financial system and take away the power from their hand to the end user. So they are seeing it as a threat.

So it all depends on which side you are! Janet Yellen is way too small when it comes to cryptospace and its scope. I don't think we need to give a lot of weight to her statement.

That's somewhat true! These people are controlling the world market with their billions of dollars and millions of people they have employed. So they often resort to predatory practices to capture the market so that they can be the only winner. A very simple example I can give - Amazon basics! If you don't know their business practices, just Google it! They are already shitting down thousands of small businesses by copying their products and selling under "Amazon Basics" brand name.

So it's no wonder that they would want people to run for money and not for crypto. That's why these billionaires have always spoken against cryptos and used their influence to discourage people from investing into it. But good things always find its way despite the odds!

Casino gambling and sports gambling - both are here for different reasons which you need to understand. Casino gambling is here for your entertainment purposes. It is not a method to make money because it is purely based on luck. If you need some adrenaline rush, you may want to go ahead with casino games.

On the other hand, sports betting is a method to generate income. If you are well versed with a game, you will have some indication on who which team is going to win and at which difference. Then you calculate the odds based on the possible outcomes.  This is a more serious approach towards gambling with an intention to make money. So choose wisely based on your need.

That's going to be huge! Shopify in fact power the majority of the e-com stores in the world. So such a giant decides to integrate bitcoin LN payment, thousands of stores will be able to finally start accepting bitcoin payments which definitely has the power to push the volume to the next level, as well as the adoption rate.

But the question is that, when! It has not started for sure but do they have a timeline? Also do they have a country based restrictions?

And how would that happen? If you are setting up a crypto bank, it will still have to abide the law of the country where you will be incorporating the bank. For an individual with no foreign work history, is extremely difficult to set up a foreign bank account and it's like an invitation guven to the income tax department to open an investigation.

Bitcoin doesn't need a bank! If we can find a way to make micro payments through bitcoin and a merchant ready to accept it. If you open up a crypto bank, you will only be serving a very minor percentage of the crypto community. There's no global solution available due to the tight regulations around banking all over the world.

Not just Subramanian Swamy, even the Warren Buffet of India Mr. Rakesh Jhunjhunwala said - 30% tax on cryptocurrency is essentially the death of crypto in India. I truly believe that government has consciously taken this decision of imposing 30% tax to see how the market responds and how much money they can scoop up from the crypto taxation. Once they have some specific data in hand after 21-22 tax session, they are going re-consider it. One thing is clear that even after the constant pressure from RBI, Indian government did not impose a blanket ban on it, which is positive. They could have easily done it but instead they are trying to see the market response. Let's see how it goes! But I believe this 30% taxation will not stay for longer in India. It will eventually come down!

Lol! US government and its policies are not driven by a single Senate. What it really doesn't matter what a candidate says about  his thinking of bitcoin and what he will try to achieve.

Personally, I don't see it happening. Because US will never allow something that will reduce the dollar dominance. If US makes bitcoin a legal tender, then they will have to provide their trading partners with options to either use Dollar or bitcoin. So it's not going to happen for sure.

Bitcoin and cryptocurrencies are accepted within US and there are a lot of crypto companies are running from US soil. They may be lenient towards the crypto business ecosystem, but won't allow bitcoin to become a legal tender.

These are autonomous regions so their decision doesn't stand in the eyes of law of the governing country. For example, Madeira is a part of Portugal, so the laws of Portugal applies on that region. So if Portugal makes bitcoin illegal, it will apply to Madeira as well.

But one positive is that, these regions are mostly visited by travelers of different nationalities. So such kind of adoption will make people intrigued about bitcoin and its usage. Might create some good amount of awareness if not volume.

That is very much true! Many countries in Africa is facing unemployment crisis. So banning an entire ecosystem means, even less jobs for the technically sound youths of the country. Cryptocurrency could have opened doors to hundreds of jobs in Nigeria for the educated mass which they are currently missing out. But it seems the case for every corrupt government. They just don't want people to have money otherwise, they will start raising their voice for other infrastructures. If the government can keep the people busy for their basic needs like Food and housing, they will be suppressed and busy on those things only. That's the basic of any corrupt government and that's how they rule for years after years. They are just afraid of the shifting of power from their own hand to the commoners. 

Hacks and thefts are becoming increasingly common practice in crypto industry. A downside of a decentralized economy where enforcement and security agencies have practically no control over it. There's no way to recover the stolen funds unlike banking channels. So it's a good news that Binance has come to the rescue of Axie founder and initiated a funding event which led to 150 million USD funding. But how much stocks Axie founder had to dilute after this funding round? Some damages are irreparable!

Free bitcoin training sounds great. I am not talking about the curriculum in general, but please do include couple of sessions to highlight how they can make money using cryptocurrency.

A fundamental or technical training is fine, but such trainings will hardly make any impact on the trainees' life, unless they can use their trainings to make money. So ensure to describe every option of making money that is available in crypto markets. Also make a list of ways where they can start for free of cost.

I am sure you understand why I am saying this. Money is important so to retain their interest on cryptos they need to know where they can put their learning to good use!

Such kind of news actually pushes some fresh air within the crypto reputation when the community is under constant attacks from money-whore banking system, environmentalists and hacking threats on business houses. I never knew about Sam but I am going to research more about him because he is holding onto the true vision of what wealth should be, what should a billionaire really do with his wealth. Billionaires are blessed with above average intelligence.

So I will stop by saying - when life gives you a billion, become like Sam and not like Zeff Bezos. 

Russia has to find another way to continue with the global trade and since they have been thrown out of the SWIFT system, they would certainly want to continue with their own currency. But I think it's only a proposal for now and no concrete decision has been made yet. While Russia is demanding only Rubble payments in exchange of their gas and oil which will force some countries to buy Rubble to support its value. Also he has proposed to peg 5000 Rubbles with the value of 1 gram of fine gold. It's a masterstroke from where I see it!

Russia is the second highest global natural gas supplier just after Unites states and even during the war, they were not replaced from its position. So seeking only Rubble payments for their gas supply and pegging the Rubble value with Gold, will reduce dollar dominance from this sector of world trade. Also it will support the value of Rubble from falling down. It is indeed a game changer in many aspects!

It's high time for EU to start questioning US and their moves! The cheapest oil supplier in the world is Venezuela. US has imposed bans and various international sanctions to stop Venezuela from selling their oils to any other country. EU could have purchased cheapest oil from Venezuela but they are not able to do it for US. United States is a two faced entity. The faster people understands that, the better! They can go to any extent to save their dollar bills and they themselves are sitting on the world's largest oil reserve.

Inflation is a challenge for sure. But that's not the only reason for rising commodity prices. The commodity prices are increasing because oil price is increasing. Oil price has a direct effect on commodity price and that's what is happening! US is playing a big game to weaken the economy of EU indirectly and they are the sole responsible for the humanitarian crisis happening in Venezuela.