What can we do?

[akhjob]

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.

[legendster]

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.

[playboy654]

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.

Hahaha ofcourse as a citizen I can also understand how their ban will works.

[akhjob]

-skip-

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.

Hahaha ofcourse as a citizen I can also understand how their ban will works.

I am also an Indian citizen, but I don't think they will ban crypto. Not this time. And even if they ban it, I really don't care about it anymore.

[playboy654]

-skip-

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.

Hahaha ofcourse as a citizen I can also understand how their ban will works.

I am also an Indian citizen, but I don't think they will ban crypto. Not this time. And even if they ban it, I really don't care about it anymore.

Thats what I said because they even don't care about ban and even government officials keep using the banned products in the previous bans.

[akhjob]

-skip-
Thats what I said because they even don't care about ban and even government officials keep using the banned products in the previous bans.

Oh ok. I might have misinterpreted the contexts.

A new article has been shared by Indiabits regarding the recent interview of Tmt. Nirmala Sitaraman

The report on cryptocurrency that recommends a sovereign digital currency and stringent punishment and fines for private digital currency has just come out. When are you proposing to take the legislation to Cabinet?
I had the presentation done before me. The committee has done extensive work on it. Inputs that have come in; if I compare several other countries where this kind of study has been done on cryptocurrencies, we have done very well.
They have gone much ahead of all other countries that have thought about it. It’s a very futuristic and well-thought-out report. I have not spent time on it after the presentation. Of course, we will look into it soon and come back with a position. That was also reported in court as there is a case going on.

That's not going to be anytime soon  

[playboy654]

-skip-
Thats what I said because they even don't care about ban and even government officials keep using the banned products in the previous bans.

Oh ok. I might have misinterpreted the contexts.

A new article has been shared by Indiabits regarding the recent interview of Tmt. Nirmala Sitaraman

The report on cryptocurrency that recommends a sovereign digital currency and stringent punishment and fines for private digital currency has just come out. When are you proposing to take the legislation to Cabinet?
I had the presentation done before me. The committee has done extensive work on it. Inputs that have come in; if I compare several other countries where this kind of study has been done on cryptocurrencies, we have done very well.
They have gone much ahead of all other countries that have thought about it. It’s a very futuristic and well-thought-out report. I have not spent time on it after the presentation. Of course, we will look into it soon and come back with a position. That was also reported in court as there is a case going on.

That's not going to be anytime soon  

Yes I read that too and also the finance ministry said that media misinformed about our stats of crypto,so there looks no ban on cryptos.

[Crypto Carabao Group]

This will happen in every country eventually.

All the population can do is civil disobedience, as is done with any stupid law.
I bet prostitution, drugs, and many other eternal activities are banned in India also...

Now there are many tools for civil disobedience - privacy wallets and mixers, such as Samourai and Wasabi, decentralized p2p merchant networks, such as Haven/OpenBazaar, p2p exchanges such as Bisq.

Is that not something to do? Is the permission of the local armed gang, which robs everyone cradle to grave and prescribes what to do, really necessary, if there's enough civil disobedience?

[eaLiTy]

This will happen in every country eventually.

Countries that are ruled by stupid brainless people who lack basic education might come up with a ban for things they do not understand, other than that there are countries who will come up with rules and regulations as they know they cannot ban a market entirely and if that happens the only thing they does is to drive everything underground which will be another headache and the billions that are invested into the market already by companies.
This is the future and there is no point in neglecting that fact.