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RE: India Ban on Crypto Currencies at Budget 2018, Is it for Real? My Views with Facts
Great Info on Crypto space !
In my opinion, ban on cryptocurrency is just a hoax. A gimmick to create a demand and space for localised, country-specific cryptocurrencies. Cryptocurrency is here to stay and is already a part of wealth circulation. It would be foolish for a government to close the door on wealth coming in. And in my opinion , no government is foolish enough to do that. What do you say ? :)
Yes, for sure. Besides all that everything is so much advanced but our financial system is still outdated in terms of technology.
Isn't this strange that we can make voice calls or video calls cross-border within seconds but when it comes to money transfers which are not more than some digits sitting in your bank account (technically) takes days on top of that huge transaction fees? @nehab
I totally agree with you on this. Your question opens another wormhole of Indian governance - Reservation Quota that hands over the technical and job sector to under-qualified candidates.
I am not against creating opportunities via reservation in the primary education sector. But I am not for reservation in the job or college education sector. Because both college and jobs require quality control ! ... Anyway, this is another debate. I agree with what you say. We suffer the result of lack of knowledge and vote-bank politics in the government sector :) . Finance is government controlled ! :)
Thanks @nehab for supporting my view and my post. I completely agree with you over reservations but these are the weights which a developing and versatile country like India will have to carry along.
And I agree with you :)