Modi again proves that he is a lackey of the US

[SuvarnaTeja]

Putin bans Crypto

Xi bans Crypto

Imran Khan bans Crypto

Modi bends backwards and legalizes Crypto.

 

[MH.Yang]

Virtual currency has nothing to do with USA, whether to support virtual currency does not mean whether to support the interests of USA. The main role of virtual currency is money laundering, so the Indian govt supports virtual currency for its own needs, which has nothing to do with USA.

 

[SuvarnaTeja]

Virtual currency has nothing to do with USA, whether to support virtual currency does not mean whether to support the interests of USA. The main role of virtual currency is money laundering, so the Indian govt supports virtual currency for its own needs, which has nothing to do with USA.

Then why did China ban them?

Digital Yuan is backed by China while Bitcoin and other private Cryptos are backed by intelligence agencies to trade drugs from Afghanistan and South America.

By legalizing private Cryptos, Modi is supporting drug trade into India.

 

[MH.Yang]

Then why did China ban them?

Digital Yuan is backed by China while Bitcoin and other private Cryptos are backed by intelligence agencies to trade drugs from Afghanistan and South America.

By legalizing private Cryptos, Modi is supporting drug trade into India.

Russia needs to combat rampant money laundering. Pakistan needs to prevent foreign exchange from being transferred abroad by virtual currency (buying virtual currency with PKR and selling it abroad). So Russia and Pakistan banned trading platforms.

China does not lack foreign exchange, but China is facing an energy crisis. China cannot tolerate a large amount of electricity and energy being used for mining. Therefore, China mainly combats mining activities, not trading platforms.

As for India, I don't think modi dare prohibit the rich in India from transferring their property abroad.
Let's face it, India is a colony of Anglo Saxons. The Prime Minister of India is the governor of the colony. Both the BJP and INC are the same. They have the responsibility to send wealth and talents to the Anglo Saxon country.

 

[vi-va]

Then why did China ban them?

Digital Yuan is backed by China while Bitcoin and other private Cryptos are backed by intelligence agencies to trade drugs from Afghanistan and South America.

By legalizing private Cryptos, Modi is supporting drug trade into India.

Modi is fooled by those super rich. Private Crypto is poison.

 

[khansaheeb]

 

[Beidou2020]

Proves my point that the Indian elite are bought off by the Anglosphere.

Bitcoin is a CIA project.

 

[SuvarnaTeja]

Modi is fooled by those super rich. Private Crypto is poison.

Modi works for the super rich.

Common Indian people will suffer due to this crypto menace.

 

[KrimesKaster]

Modi bends backwards and legalizes Crypto.

Whats your problem with that? If he bans you will say Modi capitulated to Xi. If he does not you will say he is US lackey.

I know you have a history of mental health issues like depression. I believe you should avoid Internet / Social media for sometime.

 

[SuvarnaTeja]

Whats your problem with that?

Private Crypto was created for narco trade. Legalizing it will exponentially increase drug consumption in India.

If he bans you will say Modi capitulated to Xi.

LOL. Your false assumption and insinuation.

If he does not you will say he is US lackey.

Modi capitulated at best and acting as a US lackey at worst by legalizing private Cryptos.

India should have banned all private Cryptos and should have supported the Indian government backed Digital Rupee instead.

 

[KrimesKaster]

Private Crypto was created for narco trade. Legalizing it will exponentially increase drug consumption in India.

Actually those who are using crypto for drugs will do it irrespective if you legalize it or let it be illegal. India has no ability to even monitor the flow of money in crypto. No one in the world can monitor Monero for instance.

LOL. Your false assumption and insinuation.

Well, I have never seen you taking a balanced take on anything.

Modi capitulated at best and acting as a US lackey at worst by legalizing private Cryptos.

"Private Cryptos"???? What the hell do you mean by that? There are no entities really controlling likes of Bitcoin or Monero.

India should have banned all private Cryptos and should have supported the Indian government backed Digital Rupee instead.

Will not change anything if you legalize or make it illegal. You cannt stop transactions, you cannt trace transactions and lets face it, there is a massive amount of black money in your country with an equally massive informal economy. There are too many people ready to exchange crypto, in large and in small chunks. There is nothing India can do to stop it. Making it illegal stops India from realizing its benefits (like taxing gains on crypto). I think your government knew which side of the bread is the butter.

Better be ready for hundi and hawala over NFT!!

 

[SuvarnaTeja]

Will not change anything if you legalize or make it illegal. You cannt stop transactions, you cannt trace transactions and lets face it, there is a massive amount of black money in your country with an equally massive informal economy. There are too many people ready to exchange crypto, in large and in small chunks. There is nothing India can do to stop it. Making it illegal stops India from realizing its benefits (like taxing gains on crypto). I think your government knew which side of the bread is the butter.

Better be ready for hundi and hawala over NFT!!

Where there is a will, there is a way.

Cryptos are bought using money. Government can track people's bank accounts. Also, If Government cannot track, how will they tax?

If private Cryptos are made illegal most of the people will sell their private crypto assets, stop trading and investing in private cryptos.

"Private Cryptos"???? What the hell do you mean by that? There are no entities really controlling likes of Bitcoin or Monero.

Private cryptos are cryptos not backed by the governments like Digital Rupee, Digital Yuan, Digital US Dollar.

Well, I have never seen you taking a balanced take on anything.

I take the position that is right.

 

[KrimesKaster]

Where there is a will, there is a way.

When it is impossible, there is no way.

Cryptos are bought using money. Government can track people's bank accounts. Also, If Government cannot track, how will they tax?

When you have a MASSIVE black market and undocumented economy, crypto will be bought using cash.

If private Cryptos are made illegal most of the people will sell their private crypto assets, stop trading and investing in private cryptos.

No. They will spend it outside India and get money in India using Hundi/Hawala system.. Heck Hundi/Hawala will find a way to be moved on to NFT and become totally electronic.

 

[SuvarnaTeja]

When you have a MASSIVE black market and undocumented economy, crypto will be bought using cash.

All black market and black money is gone after Modi's demonetization.

 

[Skull and Bones]

If you don't believe in crypto, don't invest in crypto. It's as simple as that.