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RE: INDIA is planning to regulate Cryptocurrencies - BAN all private cryptos
It's an old phenomenon every new things appears through a phase of uncertainties .
As crypto trends in India is escalating I think GoI wants to regulate it not ban ,they know ban is not a solution Govt. need money to squeeze out from crypto's ,it has opened a new frontier to earn money for GoI,hence it will be come under ED & IT scanner, some charges/taxation will be levied on it.
What happened when China banned.
In my view we should keep calm and postive , I am experiencing stock market since 25years, seen so many ups and downs, Sensex and Nifty's are now roaring to 60k.I remember in 2008 at the time of economic slowdown it came down to 8000 mark every thing was cloudy and clouds are not permanent.
Stay positive and Steemed☺️👍🙏
Yes regulation seems to be the main concern bothering our govt for multiple reasons. Let's hope that something progressive comes out of bill. Ban is a regressive step.
Correct,they should must regulate. Many big houses have invested in crypto's, their looby won't give GoI a free hand on it