Crypto may get banned in India

The Indian government is so confused when it comes to crypto, they don't know what they want.
 
Best is to make a LLC outside india and attach crypto funds there
 
Yes, possible. But till then we have to bear loss.
Govt always thinks about industry before it's people.

May be in future you will see many indian venture enter in this future blockchain technology & more coins came in market from india
 
Govt always thinks about industry before it's people.

May be in future you will see many indian venture enter in this future blockchain technology & more coins came in market from india
Indian coin Matic already decided to go outside.
 
So today again government made statement that adding tax does not mean they made crypto legal. It can be banned after consultations. How do you feel about this?


Feel free to ignore this statement :D

The PIG will gladly accept 30% tax :)

The way I see it is... allowing local centralized crypto brokers so they can ensure that will take their portion :D

Plus will be really hard for the average Joe to trade/hold crypto
 
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Did they say “not legal” or did they say “not legal tender”? I did not get the news so not sure. In any case, fuck them. Let the rule first be announced, then we will see.
 
Neither Ban nor illegal . Gov. Just clear the way of Big Investors to cash-out legally .
 
I don't know why but i am seeing a 50% of tax in the next days. And we will be happy because they not banned it
 
I always ask myself why do these news only comes out where prices are up.
I remember when BTC was at 4k last year not a single bad thing about it. They just dismiss it.
Trust me once the news already out they had filled their shorts and dumped it when you sell you simply fill their shorts being closed.
Like someone said same old story just a different date.
I somehow believe that we will be seeing lower prices from here as it is the most logical thing to happen so get used to the FUD as it is only starting until they bring it down to where it makes sense for them to buy but if you are holding long term I say mute the news and enjoy the ride.
 
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