What the hell ?
I'm from India and this is a shock. Does that mean we can't use steemit too ?
I don't understand what will happen now.
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What the hell ?
I'm from India and this is a shock. Does that mean we can't use steemit too ?
I don't understand what will happen now.
Don't panic, you can still use your Steemit and continue enjoying every other crypto that you might have been involved with. The issue is that soon your banks will not be able to transact with crypto exchangers but that's not to worry. Like @surfyogi mentioned, it's your place to make small and medium businesses to accept direct payment with cryptocurrencies, in that way you can easily purchase or pay for a service direct from your Steemit wallet. To cash out, you can exchange your Steem to your PayPal account if you have one. This will convert your Steem to dollars which you can transfer to rupees from your domiciliary account.
Wow man you a smart mofo!
Thank you for this info James.. I didnt know about PayPal before this. Im gonna create a paypal account rigt away!
OF COURSE NOT!
"Getting people to Stand Up for themselves is the most DIFFICULT thing to do!
AND THE MOST IMPORTANT! - Surfyogi "
No no no.... No need to panic. Keep using Steemit. Only that banks might not want to transact with it. But there are other platforms to convert your Steem.
And even if banks reject it, you can set up a team of people and start a conversation private company.
The government sees it as a wall to keep Indians from the cryprocurrency, I see it as an opportunity for a few Indians to make more money and be influential.
See beyond the government's crap