what do you think about crypto ban?
- Thread starter nayannp
- Start date
D
Deleted member 283687
Guest
Country is going 100 years back this is another step which i have expected no surprise someday they will ban the internet too
HunterLife
Banned for rules violation.
- Feb 27, 2021
- 1,184
- 669
Brother there is no Bill Yet . As always indian Gov want to have controo over peoplee Funds they cant able do. Because peoples know to trick
So chill & if there is any Bill . then there will. Be regulations too
Thank you
So chill & if there is any Bill . then there will. Be regulations too
Thank you
TheVigilante
Banned - Multiple Rules Violations
- Aug 31, 2010
- 14,993
- 16,105
Plus we are on BHW we will always find a way
- Nov 16, 2011
- 19,795
- 11,288
And then go to prison ?
Repulsor
Senior Member
- Jun 11, 2013
- 904
- 357
Seriously? How will they govt know that you have crypto? Can you tell me that please? They will only know when you withdraw that some amount of money is in your account and you need to explain them how. As long as you know how to handle the withdrawals, you are all good. You are not going to prison for buying crypto unless you have no idea what you are doing.
- Sep 10, 2010
- 11,808
- 26,653
It's an ugly decision, but I believe the government is trying to come up with a framework of policies. They will first ban everything, and then they will allow some of the things.
Nothing stops you from taking crypto payment for your work though. The government has no way to find that out lol.
Nothing stops you from taking crypto payment for your work though. The government has no way to find that out lol.
- Nov 16, 2011
- 19,795
- 11,288
All Indian exchanges take KYC. And the current government can always take all the data from exchanges anytime.
MehtaM
Power Member
- Mar 9, 2020
- 642
- 289
The guys who replied today, you didn't get the news?
And yesterday MoS (FM) said this:
Committee Formed For Exploring Cryptocurrency As Legal Tender: Anurag Thakur
"Cryptocurrency is a form of virtual currency. I firmly believe that we must always evaluate, explore and encourage new ideas with an open mind, the Union minister said."
Every crypto enthusiasts have shared this news.
FM said it in a video interview.
And yesterday MoS (FM) said this:
Committee Formed For Exploring Cryptocurrency As Legal Tender: Anurag Thakur
"Cryptocurrency is a form of virtual currency. I firmly believe that we must always evaluate, explore and encourage new ideas with an open mind, the Union minister said."
Every crypto enthusiasts have shared this news.
Repulsor
Senior Member
- Jun 11, 2013
- 904
- 357
Who is forcing you to use Indian exchanges? Also, just because your KYC is there in the exchange, it doesnt mean the exchange should hand over client data to Indian Govt, unless they are under Indian laws.
D
Deleted member 219055
Guest
This is what I was going to say.
As @Repulsor mentioned "unless you have no idea what you are doing" - it looks like the case. When you receive crypto, use international wallet like blockchain, coinbase etc to receive funds. No one is going to stop you from receiving crypto.
Regarding withdrawal, go to localbitcoins and find someone who is willing to exchange crypto with cash nearby you. Easy as pie.
There are always way out if you are willing to explore them.
D
Deleted member 1333509
Guest
Government wants control so the "experiments" they allow will be any experiments that contribute towards building the Indian nation crypto. Anything competing with that they don't control, not so much.
Last thing any country wants to do in 2021 is ban crypto, doesn't look good for the government in the eyes of other countries and not fair on Indian people.
There will be blackmarket crypto trading still though of course.
Last thing any country wants to do in 2021 is ban crypto, doesn't look good for the government in the eyes of other countries and not fair on Indian people.
There will be blackmarket crypto trading still though of course.
- Mar 22, 2013
- 9,148
- 10,491
You can always get around such a ban when dealing in crypto. A ban would make life harder, but they cant ban crypto.
