Hello everyone ,
How are you all ? I hope everyone is fine and doing great in their life.
While everyone might be fine around the world that's not the case with the people of india or i can atleast say majority of people in India. It is because of the concern regarding the future of crypto currency in India.
There are so many people in India who trade in crypto currency , according to one survey there are more than 2 crore indian that deals with crypto currency in one way or the other.
Now people are suddenly questioning about the future of Crypto currencies in India because of the recent paper released by the government.
It says that government will ban all private cryptocurrencies in India. look the screenshot below , it is from the official paper released by the government.
Now people should know this that bitcoin , Ethereum , and various other Crypto Currencies are not private but public. I really want to know what government really means by saying private cryptocurrencies.
The bill will come into discussion on 29th November so i will be waiting until then and see what they are really upto.
I think they are planning to regulate cryptocurrency and there won't be a ban on them for sure. I am writing this blog specially for the people of India and i hope people will stop panicking.
There is already a lot of panic and people who are from india can see it on Indian exchanges.
Thank you
It should not be banned ,i wish my country will accept the use of cryptocurrency as a means of exchange.... This is a very nice post
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Yes there is a fear among people, government is trying to ban other currencies and create own currency to adopt Indian market.
But this is bad as indian crypto currency may or may not be available globally and the question is who will be creating. If government then we do not know it's future because of corruption.
Let's hope for better things
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