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Think about CRYPTO = GO TO JAIL, New India law says...

 
Jough-Henery
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06/09/2019 12:51 PM
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Think about CRYPTO = GO TO JAIL, New India law says...
Might be hard to make or lose a buck on Crypto in India starting soon.

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Anonymous Coward
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06/09/2019 12:57 PM
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Re: Think about CRYPTO = GO TO JAIL, New India law says...
WRONG... USING crypto as India is heavily invested in gold
Thread: India’s draft bill proposes a 10-year jail sentence for using cryptocurrencies
Anonymous Coward
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06/09/2019 01:31 PM
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Re: Think about CRYPTO = GO TO JAIL, New India law says...
Indians have a long standing cynicism for the rupee and rightly so, their government has been trying to drive them out of every alternative asset and back into the banking system by every means possible and this is just more of that. Government shenanigans however are only adding more fuel to the fire as your basic Indian is seeing this as more reason for distrust so this is as doomed to fail as trying to break Indians of their love for gold.

Essentially it comes down to one thing: you cannot make 1,300,000,000 people obey a law they know is bullshit with anything short of brute force- not an option for a country that clings to a self image as the worlds largest democracy.





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