Cryptocurrency illegal in India???????
- Thread starter shiv durga
- Start date
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Deleted member 657006
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why don't the Indian population just stick up for itself and protest on these issues what you all scared of.
USA, UK, france and many others protest to get their rights corrected why so many Indians just take changes lying down?
India is a country that could be pulled from poverty easly, so much skill and lovely country to offer others.
USA, UK, france and many others protest to get their rights corrected why so many Indians just take changes lying down?
India is a country that could be pulled from poverty easly, so much skill and lovely country to offer others.
BS.
The USA is getting tanked the same as UK and France. People are just to blind and dumb to see it.
India is going full digital.
Claiming the government is against progress means you don't have any understanding of what is going on.
People who claim going digital is something good will pray soon that paper money will come back.
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Deleted member 657006
Guest
why it 3rd world still then so much digital money .
why the country still in poverty ?
i no nothink about india only what said on tv or on websites
all i no the country always in need .
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Deleted member 283687
Guest
India can be pulled from poverty very easily ,infact southern states very much developed ,other parts still stuck because the leaders want to keep the people in poverty so that they can make money (All the political parties),and worst ever caste system (10x worse then Racism) still practiced in modern indian society it is like graded inequality,unless until indians does not consider everyone is equal nothing is going to change.
Rowdy Devil
Supreme Member
- May 2, 2016
- 1,362
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it's because only few people have btc in there wallet.. as for a middle class family it's a big amount to have one btc.. must rich kid are roaming with it . Only few middle class members are having any btc which I doubt will be below 1 btc per person..
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Deleted member 657006
Guest
thank you now i got a understanding .
i love everyone just wanted to no why it was classed so much as poverty .
cheers
every time i see good seems to get tacken away from india .
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Deleted member 657006
Guest
money is money digital or not , money makes the world go around , a country like india will become very powerfull with money .
money will create investment and jobs and this will take india out of poverty.
unless it used eleseware from top people.
- Nov 16, 2011
- 19,791
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Many of those who can afford are still reluctant to buy as they are scared.
Like i mentioned crypto investors the dumbest investors in the world.
What does a cashless society mean? It means that poor people and small businesses can't do small trading anymore without paying taxes. If you clean shoes, are a barber or own a small shop everything will be registered and you will have to pay taxes from it which the majority in India are currently not paying.
The world trade recession is already knocking on its door. Which means governments needs to lower the interest to stimulate the market (well planned decades before) .Since EUR is already at 0% and USD at 1.xx% there is no much room left.
It means once they go full cashless they will implement a negative interest on digital money as NOONE will be able to escape anymore from it.
It's said that 6% of interest is needed to fight the recession so people will get 5-6% negative interest per year on all money in the world.
Are you even aware of how quickly this will suck out the wealth from citizens ?
Industry 4.0 starting from 2020 which will replace 85% of all jobs into automatization and robots.
You are talking about wealth?LOL I would recommend planning to not go down in the next 5 years.
According to governmental statistics, Indian people are going to lose on average 50% of their income by 2025
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Deleted member 657006
Guest
sorry but we all pay tax it means a structure needs to be put in place .
i no many marketers pay there tax and live in india .
life not always about grabbing got to give a little so the country can survive
your making sound like all indian business are crooks non tax payers not true
dont beleve anythink you said is 100% correct , if what your saying true india will become even poorer then it is , i dont beleve that it already struggling now, hopefully with this digital talk you said can gain revenue not lose it. .
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It's unfortunate that instead of regulating btc they are planning to ban it ..causes given are money laundering, terrorist funding and claiming it as Ponzi scheme.
Why no protest ? Except few no one uses it .... so it doesn't matters to majority . It will hurt people involved in IM but for majority it will be beneficial so that people dont get scammed in investment schemes and then bash government for not taking any action.
India is not poor but have higher wealth inequality. Idk why you guys all see poor people when you hear India maybe cause of media and those movies but most people can earn enough to live their life.
It's just a draft for now and even if it becomes a law they won't be able to hold it for much longer once cypto gets more mainstream . Honestly what i think the government isn't ready or prepared for cypto.
Why no protest ? Except few no one uses it .... so it doesn't matters to majority . It will hurt people involved in IM but for majority it will be beneficial so that people dont get scammed in investment schemes and then bash government for not taking any action.
India is not poor but have higher wealth inequality. Idk why you guys all see poor people when you hear India maybe cause of media and those movies but most people can earn enough to live their life.
It's just a draft for now and even if it becomes a law they won't be able to hold it for much longer once cypto gets more mainstream . Honestly what i think the government isn't ready or prepared for cypto.
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Deleted member 657006
Guest
it very hard to understand many indian got job and can survive when so many countrys give so much aid/money for the country to survive very strange.
in the uk we see children working in bad condition, very skinny children on the streets begging for money , we see overcrowded trains and many dirty buildings people live in , never see the rich side of India we just see poverty, hygiene seems to be very low in comparison to the UK living and shouldnt be.
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To give aid they need first to take a bigger amount away.
So the aid is no help since a bigger amount has been taken away from them before.
Poor people in India don't get taken their earned money away to get a smaller amount back so they don't need any aid.
Easy as that.
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Deleted member 657006
Guest
i fort aid and money donated was saving lives No
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Deleted member 657006
Guest
what aid is given yearly from uk
The UK is to hand over £98m to India despite the country - which has spent almost the same on a lunar probe - now giving out more foreign aid than it receives. As part of the UK's aid budget, the Department for International Development (DfID) will give £52m this year and a further £46m in 2019/20
@3hlut
i think your mind set is wrong of course india needs aid or there be a out cry of deaths from poverty.
i am sorry but i can not continue this conversation with you , as you are to childish to understand the benifits of aid to india .
it a shame that bitcoin has been tacken away from india and couldnt be regulated .
just another bad news for a brilliant country
The UK is to hand over £98m to India despite the country - which has spent almost the same on a lunar probe - now giving out more foreign aid than it receives. As part of the UK's aid budget, the Department for International Development (DfID) will give £52m this year and a further £46m in 2019/20
@3hlut
i think your mind set is wrong of course india needs aid or there be a out cry of deaths from poverty.
i am sorry but i can not continue this conversation with you , as you are to childish to understand the benifits of aid to india .
it a shame that bitcoin has been tacken away from india and couldnt be regulated .
just another bad news for a brilliant country
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This↑ imagine if the mass populous chose BTC over digital state owned currency. Economic issues for the country. My personal view on this though is that countries should be trying to adapt to crypto not try to shove their own regulated versions down peoples throats. This is why being able to buy/sell crypto 100anonymously is so important.
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
Yah but when gov adapts, they will find ways to control it, tax it, and monetize it. Essentially it will be a centralized coin like XRP.
Best thing these third world countries can do is hope they get a new president who likes crypto and isn't some thieving murderous dictator.