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India is Planning to Ban Cryptocurrencies

  • Thread starter Thread starter Zevin
  • Start date Start date
The later did not ban it cryptocurrencies instead they regulated it. 30% fee for any kind of cryptocurrency you are transacting and I think that is a welcome development because it will help the government to generate money.
 
Well, I kind of understand their reason for placing a ban on crypto currencies. I guess they wanted citizens of India to develop and invest in their own crypto currency instead of others.
 
This doesn't seem like a blessing in disguise to me. If all countries begin to create their own currencies, it's only a matter of time these existing ones become unknown and not useful.
 
From my understanding cryptocurrency is never a threat to anyone , nor the government of any country. The reasons why they may be interested to banned cryptocurrency is not hundred percent satisfied.
From my understanding cryptocurrency is never a threat to anyone , nor the government of any country. The reasons why they may be interested to banned cryptocurrency is not hundred percent satisfied.
 
Hmm, I hope they found it true in the first place.A ban on private cryptocurrencies would have some impact on them and those who already use cryptocurrencies as a daily exchange. prize.
 
I don't really think it's the Indians but those in government and they hav been trying to do this indirectly for such a very long time. They have made trading cryptocurrency in their country not to be in any way favourable to investors.
 
India might be planning to banned bitcoins I think that was sometimes ago but currently I don't think there is any rules the government are making toward it. Cryptocurrency has not greatly affected most countries negatively.
 
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