What is future of Crypto in India and China? I heard some of the countries already planned to ban Cryptocurrencies. Is it really true? I am little confused. :(
You are viewing a single comment's thread from:
What is future of Crypto in India and China? I heard some of the countries already planned to ban Cryptocurrencies. Is it really true? I am little confused. :(
Hey @samandsam, actually cryto currencies are not banned in India. Recently The Apex Bank of India has passed a circular in which government warns people to clear out their transactions within July 6th. Debate and discussions have been going on and government too in a great puzzle whether they should allow access to crypto currencies or not. They also want to imply 18% GST (Goods and Service Tax). We Indian people are waiting for the hearing on crypto currencies holding our fingers crossed.
If the government doesn't provide services then there are so many ways that we can get our hard work money. simply, we can go to foreign exchanges ,where they provide us dollars and directly deposit to our bank account in Inr.
I tried my best to reply your question. Hope you understand.
Thanks, Got it.
A real decentralized coin can only be banned, if they put down the whole internet. Of course they can do censorship on websites like Binance or whatever (like what China does with google), but today there are several ways. Don't worry, if it could be banned that easy, many countries would have done it yet... it aims at the heart of their system, they d kill it if they could. ;)