India Minister Suggests Modi Government Not Planning Outright Crypto Ban.
The Indian government has hinted how it might move to regulate cryptocurrencies rather than an outright ban.
Talking in the nation’s upper house, the Rajya Sabha, Tuesday, a minister specified that the aim would be to curb illicit cryptocurrency transactions and bar their use in payments.
“The government does not consider cryptocurrencies legal tender or coins and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Minister of State for Finance Anurag Singh Thakur said during a question and answer session.
This is positive if this is true. I would like to know the source of this news though. I also have the feeling that government may not ban btc out right as it doesn't fall under the definition of private currency. But if they do consider all non government issued crypto as private, then this should be challenged in court. Positive or negative depends on the way you spin it. Here is the NDTV report with the Q&A between MoS(Finance) and a Shiv Sena MP. You are right that Bitcoin is not a private cryptocurrency. The ambiguity is whether the Govt is talking about Public crypto as sort of "Publicly owned"/ Govt owned while calling everything else Private. Colloquially, in India, thats the usage. I don't think our colonial hungover overlords would like anything other than pure Govt power to be called Public Service. The IAS cadre officers love to call themselves "Public servants". So, take a hint. I think this comes after a lot of P2P companies have started giving loans used findings in form of Bitcoins. It not only evades taxes but also makes monitoring of liquidity in this sector very difficult.
Yeah I suppose the politicians don't want to kill their cash cow that the informal loan sector comprising of thousands of these local "co-operative credit societies" are for them. With their control over such semi-formal groups, the chance to obtain money must be far easier than if those people start turning to cryptocurrencies for loan requirements. Its a win-win situation for the common trader but the politician doesn't get his cut. The more i look at it this way, the more i am sure that the community will have to fight tooth and nail in the courts. Big exchanges like wazirX, zebpay etc must take this initiative. They should lead us as their voice will be heard. I know they are also following the developments closely and will do their best as they have business at stakes but given past record of this government, they should be more pro active. |
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Eth making new records! So excited to see it. Next is $2k I am sure we will see $4k by end of this year.
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Ladies and gents, we've got a new ATH!
That's right, about an hour ago and more we got the new ATH. But I personally believe that this is not the end of the new ATH of Ethereum in the bullish time. There will be another ATH, right? Ethereum really offers the power as one of the best altcoins so far.  I strongly believe that by the year end, eth will be $4000. We may see some short time price fall during this period but as more news and updates about eth2 comes out, eth will go to my predicted level. |
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If you have any updates or something useful regarding crypto ban bill, please feel free to share it here with community.
We need to stand United on this. We have to convince Government not to ban crypto.
Let's do it.
Okay, there are couple of things that everyone should understand: 1. Content of bill isn't out yet. So, there's a possibility that government is only planning to ban the use of cryptocurrencies as tender. Trading may continue. 2. Government is planning to allow the use of certain cryptocurrencies alongside CBDC. So, we may still able to use bitcoin and other major altcoins even after ban.
Now coming to the current scenario, in my opinion, it's highly unlikely that bill will be passed in current session. Only 31 days of working left, under-staffing due to Corona, around 20 bills in line, there's very less chances that Crypto Bill would be presented in both house and get passed. In case bill isn't get passed, two things could happen, either bill will be presented or it won't. In case, it doesn't then current unregulated market will continue and we will have more time to persuade government to go for regulation instead of ban (this industry is growing exponentially, government can't just shut it down). In case, bill gets presented in the house, government has to provide the blueprint on how current holders would dispose their wealth. Around 80-90 lakh Indians are involved in crypto (white-labelled transactions), in case of blanket ban, price in Indian market would drop to zero and we won't left with any option to sell (government wouldn't want to see such situation). So, with healthy parliamentary discussion, the bill may refer to standing committee to further think about the situation. If it does, I am expecting that the committee would call for the recommendation from industry experts and stakeholders. If that happens, we all will try our best to change the government's decision. By we, I mean the major exchanges and crypto startups in India, as far as I know, all of 'em have all already prepared the necessary report to be presented in case (I also contributed in one draft). So, there's nothing to be panic about right now. We are matures and want direct dialogues with government unlike farmers' situation.
And guys, stop troubling USDT! Let it breathe around ₹77-80. Stop plunging it to ₹60.  If there is a chance the bill is delayed or postponed till next parliament session than it is going to be good as we will get more time to sell our coins at good rate. But I believe ban is inevitable because this government is not known to retract their decision no matter how much public outcry is. They have hacked evm so why would they care for voters anyway  |
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newbie here no hate.
Can someone explain to me when should you sell your bitcoin positions and should u exchange them for cash(usd) or other coins?
+ what is the difference if i have my bitcoin in wallet or in open position like he has in the video. thaks alot
When you should sell is should entirely be your own decision. It is common sense that one will sell his coins at price higer than his bought price. Also if you are newbie to trading, do not put big amount as you may lose all your funds since crypto market is highly volatile. |
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Guys get ready for next eth ATH. Market loose exciting for eth. Do not sell your coins until it reaches $2k else repent later. Eth will soon be half of BTC price  |
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It can very much happen! Especially with the current regressive government, it definitely can! That's why I have been saying - if the government doesn't show any interest on cryptos, we will be safe! The moment government starts looking into it, it will be a blanket ban only! That's what happens when uneducated persons and criminals make policy decision! However, CryptoKanoon also tweeted this, https://twitter.com/cryptokanoon/status/1355895598860255240And that's true! It's difficult to enforce such law! People may keep holding their coins secretly but once it is banned, all exchanges will be shut down and we will not be able to cash out our coins. Also account associated with bitcoin trading in the past will come understand surveillance. |
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I am calling it out here. Their site has been crashing for the last 3 days... Access is intermittent.. Customer service chat has been removed from the support page... and they have relocated a "chat with us" right at the very bottom out of the way and it does not even work. The site crashes if it has more than 10 people using it seems (which is every second). I have had nothing but bad experiences on that damn exchange... Is it run by a 12 year old on his dad's dial up modem?  I am in need to move asap... What is the point if you can't trade when you need to... I have missed too many opportunities to list using kraken!! Who is next best to kraken (actually I don't want next best, I need the best - so that's about 15 places away from Kraken). You scared me. After reading your title, I thought Kraken vit hacked or it's founders ran away with all the money. Thankfully that's not the case. Many of us using it without any problem. I think it is something at your end that is causing you the problem. |
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Is this coin listed on any decent exchange? Does it have any liquidity and what is the best place to buy it?
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I started to like crypto and being an enthusiast with it lately. I had read many articles around in the internet and found some good attributes regarding on the different kinds of crypto in the crypto market. And i found out that ethereum is a platform which also supports mostly of the altcoins being introduce by its mean using ICO. Conducting a project from the crowds budget and in return from the contributions are the giving of tokens instead. And afterwards the tokens will be used in an exchange they prefer to partner with. That is why i am taking credit to ether as best crypto next to bitcoin because of the platforms being used by most of the crypto as well. What do you think? isn't it ether is the best crypto?
Best in what sense? It is certainly more popular after Bitcoin but technically there are many better coins than eth. Although BTC has no match but even it has many strong competitors. Period |
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it cannot be, eth is the top coins in the market it js number 2and has a value of thousand dollar, we can say that eth is still pumping and eth 2.0 is coming we can see the less congested and lower fess chain in the market now. But I can a little news can make it fall so we need to get ready in case of something. But avalanche cannot surpass eth, not possible for the trend now. Maybe if their volume might decrease and will make the price into hundred dollar maybe possible.
I heard with eth 2 lauch, supply if eth will also be reduced plus many eth will be locked for staking. This will send eth to $5k easily. Avalanche is not even closer to it. I think dot will perform better than Avalanche after eth. |
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Rich have too much !!'
Nedd laws the money u dont use long time will be taken and goved to poor
Lets take and share to poor more taxes and taxes % to me im poor
Time for revolution !!!
I didn't get your point. Can you please be more elaborate what you want to say? What is your problem if someone is rich? Poor should not expect any alms from them or from government. They should work hard or have patience. |
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Healthy because this allows many other new entrants to join at low price but it is not at all necessary. We need more price stability in BTC, this quick fall and rise is not good for global adoption. |
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Hello everyone! I am a starting player at the BTCitcoin trading world- haven't bought any yet. Just a young man looking for investing his money from high school, and I don't know where to start!  How did you start trading in bitcoin? How could I do that too? Do you have any tips for begginers? Happy 2021 -Tzutzik There are some golden rules that you should remember while trading. Rule number 1. Buy the dip (buy low , sell high ) Rule number 2. Buy the rumor, sell the news. That's all for today's lesson |
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It has started. Indian Government already presenting bill to ban crypto in upcoming session of parliament due in February. This will be a big set back for global and Indian crypto community.
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At this rate ETH might be breaking through the $2000 barrier within weeks. Well done to the team for getting a successful 2.0 launched and for fixing many issues the original code had with regards to expansion when load on the blockchain would be heavy. Not that really a dip though. Why people still say that the dip has come? if in fact that ETH's price keeps on pushing towards $1,500.
Yes eth is next big thing for sure. One it crosses $15 , 000 barrier, there will be no stopping for eth. I think this year is going to be very exciting for crypto in general and eth in particular. |
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Hitbtc and idex are not very good in terms of volume but atleast it will give some liquidity to npx
Yes very low liquidity. Many people are selling off their npx as they are now disappointed with lukewarm attitude of npx team. They don't want to list on any decent exchange despite sitting on million of dollars raised during ico. |
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Hi, my account msarro is under control of unknown person for the last few months, but I didn't notice until recently. I bought this account in 2019 so I don't have any hope that you would return it to me, because I'm not original owner. But I want that it gets red trust because current owner cannot be trusted. Here is staked bitcoin address from 2019: https://bitcointalk.org/index.php?topic=996318.msg51727724#msg51727724And here is signed message from the same address proving that account msarro really is mine. Date in message is one week old because I tried asking current owner to return account to me: linkYou should prove that account is stolen and you owened it. In your signature you accepted you buy/sell accounts, possibility is some of your buyer refused to pay you and now you want to teach him a lesson. |
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Dogecoin goes high n high this week. Any reason behind them?
Binance is manipulating the price. They have tweeted about doge and doge appears on first page of their app. They did same thing with dot few days back. Binance is getting paid for promoting these coins. This is unethical |
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