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Author Topic: Indian government Banning Cryptocurrencies?  (Read 422 times)
kawetsriyanto
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July 07, 2020, 10:55:19 PM
 #41

Not to worry about that, wait for the next months, the news will be diffe3ent again.
Well yeah, this country several times makes an announcement about banning crypto, but they do not give any solution to the people involved in the crypto world. This can't work well if they decide a big decision without planning about the compensation to the citizen. We know that many Indians are involved in the crypto world. many of them work as the developers, bounty hunters, investors, traders, and also other crypto activities. In this case, it may be difficult to suddenly emove the crypto world from that country.

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July 08, 2020, 08:37:19 PM
 #42

Not to worry about that, wait for the next months, the news will be diffe3ent again.
Well yeah, this country several times makes an announcement about banning crypto, but they do not give any solution to the people involved in the crypto world. This can't work well if they decide a big decision without planning about the compensation to the citizen. We know that many Indians are involved in the crypto world. many of them work as the developers, bounty hunters, investors, traders, and also other crypto activities. In this case, it may be difficult to suddenly emove the crypto world from that country.
I don't think so. They would ask developers to take their payments in INR using appropriate channels, while they might not even care about bounty hunters. While trading and investing in cryptocurrencies is the main thing that they want to stop. So I don't think they would worry about this community that much. Moreover fact that they are even promoting Digital ledger technology but banning bitcoin shows that they are providing these people avenue to create something in blockchain but not cryptocurrencies. So that already is enough of a compensation. Asking for compensation in such cases would be like a tax defaulter asking for compensation because government is stop his tax evasion?
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