Indian MP asks govenment in the parliment to Mark Bitcoin as Illegal

[Dudeperfect]

This is a really sad thing that there are some government officials who are willing to put the ban on the bitcoin. Here is the latest speech from the Indian member of the parliament.

https://twitter.com/KiritSomaiya/status/849529008429690880

Let's hope that government won't take any quick action without analysing the whole picture. Banning bitcoin just because there are many Ponzi schemes in the market which are using bitcoin is not acceptable.

[Dorky]

India will adopt Bitcoin soon.

[klf]

It's a quite bad news. But let's see what government will do to it. Since the government is fighting hard for the black money so if they find some evidence that people are using bitcoins to hide their money then mostly they will do something to bitcoin transactions. Since BJP is a business and digital supportive government so they should find a ways to regulate it instead of blocking it.

[Qartada]

Knowing bitcoin adoption in India, i think they won't ban bitcoin knowing that they could take tax/fee when user trade and they could monitor bitcoin trading activity to prevent terrorism if it's done carefully.
Maybe someone could translate what he said or his previous tweet/news to get more info.

Looked at some of his earlier tweets.  He mentions its use in money laundering and shared an article from cryptocoinsnews about students using it to buy large amounts of LSD. 

He is kind of right that it's very convenient for illegal online activity - but cash is also not on record, and people use goods for money laundering, so he would have to think that everything except carefully monitored digital fiat should be banned.

[hajimasan]

This is a really sad thing that there are some government officials who are willing to put the ban on the bitcoin. Here is the latest speech from the Indian member of the parliament.

https://twitter.com/KiritSomaiya/status/849529008429690880

Let's hope that government won't take any quick action without analysing the whole picture. Banning bitcoin just because there are many Ponzi schemes in the market which are using bitcoin is not acceptable.

It is really bad news for all the bitcoiners of the India Because in the bitcoin we are making money and the lot of amount of the money is coming in the India from outside the other countries , in this ways the economical growth of the India in increasing but still why they want ban it I don't know .
But here I would expect that will happen same as was happen in the year 2010 ( I mean to declare bitcoin is legal way of payment and money making things )

[Amph]

i don't know how strong is the autorithy fo that guy, but a sinlge member of parliament can't do much, without the approval of the parliament council, what he is doing is only a proposal

untl farther decision it count as zero, and will have no impact on bitcoin, i remmber other case like this where some parliamentarian were against bitcoin and expressed their opinion to see it banned, but nothign happened in the end

[Carlton Banks]

It's distressing to me, not because I'm interested in the opinion of MPs, but because I'm interested in the opinions of everyday people.


And everyone responding in this thread has in some way or another deferred to the "authority" of the MP in question and the parliament in which that MP sits.


They have no authority. They have men with guns, and that is the only difference between regular citizens and the politicians: politicians always seek to ban regular folk from owning their own guns "because safety".


But who kept us safe from the soldiers sent to kill in 1914 & 1940 in France, Germany, Britain, Italy, Czechia and Slovakia, The Netherlands, Belgium, Poland, Russia? The politicians had already instituted gun control in those countries, and ordinary people were forced to rely on politicians, military & industry, who organised the people to kill one another, and not to kill the politicians, the military and the industry, who were the people who actually started the World Wars.

Who kept the Iranians safe in 1953? Who kept the Koreans safe? Who kept the Burmese safe? Who kept the Tibetans safe? Who kept the Vietnamese safe in 1964? Who kept the Cambodians safe? Who kept the Afghans safe in the 70's, 80's and 2000's? Who kept the Iraqis safe in 1980s , 90's and 2000's? Who kept the Croatians, Bosnians, Serbians and Montenegrans safe in the 1990's ?

Who keeps the Syrians safe now, who keeps the Yemenis safe now, the Sudanese, the Venezuelans, the Libyans and the Egyptians?


NOT your precious politicians, who consistently start wars that kill millions, and look at you shamelessly from pictures in newspapers and on TV screens, as if they're good people trying hard to do a hard job



Why are you all asking for permission to do something that frees you from these mass murderers? They don't want you to be free, can you not all see that? They want you dead, they think its their world, and that you must ask their permission to use it.

That's why Satoshi made Bitcoin, to give you the power back to make your own decisions without asking first. If you don't understand that, your Bitcoins will be taken from you, because you gave away all your power to genocidal thugs using clever intellectual arguments.