I still don't understand why you guys firmly believe that India is going to ban cryptocurrencies
Just because some draft Bill to ban cryptocurrencies is released, doesn't mean that everything has ended. Actually there is still a long way to go for the draft Bill to become an Act.
Moreover, the Committee head, Subash Chandra Garg is no longer the Finance Secretary of India. Based on the recent news, he has been posted to Power Dept and will retire within 3 months on VRS.
Give some time for the Government to decide. They have already committed to the standards to be fixed by FATF and most probably will not enforce anything in the meantime.
So, let's hope for a positive outcome from the FATF.
I believe because I was born here. I know how shit works here.
Porn, Books, Movies, Human beings, ideologies, and even religion .. well
religion chants to be accurate - all were banned here. Even innocent TV ads.. remember Oye Bubbli?
With that said. None of the bans are strictly enforced. And I sternly believe that would apply to cryptos as well.