Think about CRYPTO = GO TO JAIL, New India law says... | |
Anonymous Coward User ID: 77716719 United States 06/09/2019 12:57 PM Report Abusive Post Report Copyright Violation | 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 User ID: 77716788 Netherlands 06/09/2019 01:31 PM Report Abusive Post Report Copyright Violation | 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. |