India To BAN All Cryptocurrencies? Why Does India Want To Ban Cryptocurrencies? Video 5198

Share it with your friends Like

Thanks! Share it with your friends!

Close

NEWS LINKS COURTESY
INDIA TV NEWS
Cryptocurrency ban in India: What are Private coins? All you need to know
https://www.indiatvnews.com/business/news-cryptocurrency-ban-in-india-what-is-private-cryptocurrency-new-cryptocurrency-bills-blockchain-bitcoin-ethereum-shiba-inu-dogecoin-746712
Crypto coins like Bitcoin, Ethereum, Dogecoin, Shiba Inu are among the popular cryptocurrencies of which most people are aware. However, there are a good number of cryptos that are sold based on their privacy factor.

Cryptocurrency ban in India: Amid rising concern over the serious threats to the macroeconomic and financial stability of the country, the Centre on Tuesday listed for introduction in Parliament a bill to ban all private cryptocurrencies, with some exceptions. This means, no person shall mine, buy, generate, hold, sell, deal in, issue, transfer, dispose of or use cryptocurrency, the bill proposes.

The bill also seeks to prohibit all private cryptocurrencies in India. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses. Currently, there is no regulation or any ban on the use of cryptocurrencies in the country.

Notably, over the past few years, cryptocurrency has gained a lot of momentum and has been drawing a large number of Indian investors’ attention towards it. Crypto coins like Bitcoin, Ethereum, Dogecoin, Shiba Inu are among the popular cryptocurrencies which are known to all. However, there are a good number of cryptos that are sold based on their privacy factor.

——————————-

NEWS LINK COURTESY
INDIA TODAY
Many crypto firms may look to exit India amid possibility of ban: Report
Many crypto and blockchain-related firms said the current environment in India remains uncertain and they would be forced to move businesses to other regions if a ban is enforced.
https://www.indiatoday.in/business/story/cryptocurrency-blockchain-startups-firms-may-exit-india-amid-talks-of-ban-1881169-2021-11-26

Several cryptocurrency startups and blockchain-related startups may look to move out of India amid the possibility of a ban on virtual coins.

Founders of such businesses are planning to move to either the UAE or Singapore in view of the recent cryptocurrency bill that aims to ban all private cryptocurrencies, reported Business Standard.
——————————-

NEWS LINK COURTESY
NEWS 18
Cryptocurrency Bill: All You Need to Know About Private Crypto That Govt Seeks to Ban
https://www.news18.com/news/business/cryptocurrency-bill-all-you-need-to-know-about-private-crypto-that-govt-seeks-to-ban-4489433.html

Quoting data from Venture Intelligence, the newspaper reported that funding for crypto and blockchain firms in India rose 20-fold this year. Five such startups have received $8 million in calendar year 2020 and 24 companies have attracted $502 million this year so far.

——————————-
TO SUPPORT THE CHANNEL
Donate via PayPal.Com
To loy@loymachedo.com
——————————-
TO JOIN MY PRIVATE FACEBOOK GROUP
https://www.facebook.com/groups/LoyMachedo
——————————-
FOR BUSINESS INQUIRIES
loy@loymachedo.com | +66-92-541-4784 (Whatsapp)
——————————-
WHO AM I?
Google “Loy Machedo”
——————————-

#loymachedo shares
India To BAN All Cryptocurrencies?
Why Does India Want To Ban Cryptocurrencies?
Video 5198
https://youtu.be/WF-exKeIwfo
#India #IndiaBansCrypto #Cryptocurrencies #Bitcoin #Ethereum #Dogecoin #Shiba

India, India Bans Cryptocurrencies, Cryptocurrencies, Bitcoin, Ethereum, Dogecoin, Shiba

Comments

Anthony Terrill Brito says:

Only 2 Gujjus are allowed to make money.

swastik patel says:

Yes sir India is number one when it comes to black money.

swastik patel says:

I heard Sir said that today is 25th this video 3 days old I am surprised.

K says:

Because the Indian government lacks common sense. Why don’t they just invest in cryptocurrency and make more money?

KC says:

Crypto transactions are not anonymous..

Anyone(yes, anyone) can see anyone's transactions….

The government fears that, they can't do corruptions no more cuz that'll be in public database…

The Cube says:

We all know indian govt is always BS and only makes the country worse

jithinchand says:

Crypto is here to stay. Indians have been stocking up gold for decades despite govt regulations and hurdles. They know the rupee is worthless to try and save with. Crypto is here to stay. And more so because the govt cant nab it from them through state actors such as the police.

Robert Dobbs says:

Good opinion ls but still to many fools out there

Sustainable Lives For All says:

imho – all countries heavy in classism, discrimination and prejudices, do not want all sides to have a fair chance at making it and going from zero to hero.
It's is a confirmation of biases and hatred toward certain "lower tiered" segments of their population.

J V says:

Crypto currency cannot be banned by third world countries like India. The market will simply move overseas. Only if all the major economies of the world, get together and jointly ban it, it can be controlled to a certain extent. A global joint action is unlikely to happen. Many fraudsters will use the hoopla of crypto currency to fool ordinary people. There are videos available on the net, on how to create your own crypto currency ( even with limited technical skills) and pull of a heist. However terrorism funding activities of people of the holy criminal cults, might force the western world to take action.

Pamus says:

Loy, you have no clue.
WazirX is India's no.1 exchange.
Crypto is and will be the only tech in which India can take lead and make people come out of poverty.
✌️✌️
The govt banned before yet still there are ways….

Das Das says:

First like and First View 👍😁

Write a comment

*