New Bill To Ban (edit: not All) Private Cryptocurrencies Except Official Digital Currency By RBI
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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.
Lok Sabha Bulletin
Source: https://www.bloombergquint.com/amp/econom...na…
Guys what are your thoughts?
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Dekhiye pahele ek gramophone recorder aata tha tho kabhi kabhi uski pin atak jaati thi aur same shabd bas baar baar sunai dete the tho Aise kuch log hote hain (RBI) jinki pin atak jaati hai toh ek cheez dimaag me bhar jati hai tho woh bolte rehte hain Abb aapne iska majaa lena chahiye, anand lijiye, tension mat lijiye aisi cheez ka. Yo!
Bitcoins etc are not private cryptocurrencies.
Title of thread very misleading.
Acha I didn’t know that. 😔😔😔 Title copied from Bloomberg bro
They cannot ban shit, remember porn websites ban? There are ways to own cryto’s via many channels. Yes they can ban payments to crypto exchanges but there are many ways to own it or mine it. About its usability in India, it will always remain a niche market. Whenever sarkar brings some bill related to the internet I lol so hard, they couldn’t even tame WA and this is crypto which is mostly dealt with on dark/deep web.
….a family man – discusses important matter with its family.
….A Randwa – no need to need to discuss anything…
…Moral of the story — Family is important.
…Please don’t compare this with any special charatcter 
…
Ban Indian Currency (Fiat money)
They had already done once 
in the name of demonetization. Maybe they forgot it was issued by the Government Only.
Demonetization will be usual thing, once in 4 years demonetization will be conducted.
They need to ban P notes, though.
Nothing new or unexpected, Indian economy is still only half liberalized & as such very little chance of allowing a fully decentralized currency like crypto coin which central bank cannot control(hence the term “except official digital currency by rbi”).
Digital currency or more specifically crypto was invented to be a global medium for exchange without any govt intervention. This is probably scaring every govt in the world that there is a currency which is not regulated and has widespread usage which can potentially render official country bills useless in future. This, if anything, is a sad attempt to neutralize that threat.
Noob to cryptos, but from whatever I know
Is it possible to track down black money, terror funding, narcos when they happen in crypto currencies?
Except when the currency arrives at an exchange for purchase or sale
Nothing online is 100% anonymous, it all depends on how much effort & resources one is willing to spend. In other words, using crypto to do some black money transaction won’t be tracked but using crypto to finance a terror operation targeting white house will certainly be tracked.
They can ban whatever they want, but crypto is here to stay. no one can do anything about it unless major countries ban it. until think im making lacks from this diamond mine
there are several ways to buy and hold even after it gets banned. tasty money 
Amazon is dangerous.
They know which color tshirt you would like to buy, in which season & in which style & at what price. They have Data . They know what style of shoes you would like to buy in upcoming winter & they could launch product accordingly. They would have identical & cheaper product in every category, people would buy only their product & it is not good thing. Government should ban them from selling their own product on their retail site, government should also ban amazon’s choice tag.
Fill this form to appeal against the banning of Cryptocurrency…
The crypto companies have put up an official website & from there you can send a pre-filled email to your Member of Parliament against the upcoming bill…I got this in my email both from WazirX & CoinSwitch Kuber…
Is anybody knows about ix global or bot currency trading?
 Private Cryptocurrencies Except Official Digital Currency By RBI for Rs. at ){kind=link}
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