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Hopefully s/India will be a place where the mind is without fear and the heads are held high!
Original Poem by Rabindranath Tagore edited to suit the description by me
India finally bans cryptocurrencies, gives investors six months to liquidate their assets By BTC Peers
submitted 3 years ago by carn0ld03 from self.India
> India has become the second country to outrightly ban Bitcoin and other cryptocurrencies. This is coming after the Central Bank of Nigeria instructed all financial institutions in the country to block the accounts of all individuals and entities linked to cryptocurrency transactions. > There has been a lot of drama surrounding India’s cryptocurrency stance. In 2018, the Reserve Bank of India issued a ban on all cryptocurrency transactions. The ban was lifted by the country’s Supreme Court in March 2020. In December 2020, government officials hinted that they were considering taxing Bitcoin transactions by up to 18%. Barely a month later and there were rumors that the country was mulling over banning all private cryptocurrencies.
> India has become the second country to outrightly ban Bitcoin and other cryptocurrencies. This is coming after the Central Bank of Nigeria instructed all financial institutions in the country to block the accounts of all individuals and entities linked to cryptocurrency transactions.
> There has been a lot of drama surrounding India’s cryptocurrency stance. In 2018, the Reserve Bank of India issued a ban on all cryptocurrency transactions. The ban was lifted by the country’s Supreme Court in March 2020. In December 2020, government officials hinted that they were considering taxing Bitcoin transactions by up to 18%. Barely a month later and there were rumors that the country was mulling over banning all private cryptocurrencies.
[–]magnora7 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 1 fun8 insightful - 2 fun - 3 years ago (2 children)
I don't know how they expect to be able to enforce that. Bad move by India. Another chance to develop life for everyday Indians squandered
[–]Tom_Bombadil 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 1 fun6 insightful - 2 fun - 3 years ago (1 child)
Another chance to develop life for everyday Indians squandered
Another chance to develop squander life for everyday Indians
The poor rarely have bank accounts. [They already destroyed small currency denominations in India.
Why India wiped out 86% of its cash overnight
The great reset hit India 5 years ahead of the rest of the world.
Many probably jumped into crypto, and are now relatively wealthy, and free of the banksters system.
They can't have that, but it's too late.
I bet Monero is huge in India.
This will eventually happen here in West.
People need to read the tea leaves, and plan for the worst.
[–]Tom_Bombadil 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 1 fun5 insightful - 2 fun - 3 years ago (0 children)
Monero recently jumped in value.
[–][deleted] 5 insightful - 4 fun5 insightful - 3 fun6 insightful - 3 fun6 insightful - 4 fun - 3 years ago (1 child)
Can't have poor people suddenly making big crypto money, it'd disrupt the whole system.
[–]Airbus320 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 1 fun2 insightful - 2 fun - 3 years ago (0 children)
😮
[–]magnora7 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 1 fun8 insightful - 2 fun - (2 children)
[–]Tom_Bombadil 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 1 fun6 insightful - 2 fun - (1 child)
[–]Tom_Bombadil 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 1 fun5 insightful - 2 fun - (0 children)
[–][deleted] 5 insightful - 4 fun5 insightful - 3 fun6 insightful - 3 fun6 insightful - 4 fun - (1 child)
[–]Airbus320 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 1 fun2 insightful - 2 fun - (0 children)