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Indian Exchanges Hold Meeting to Discuss Way Forward After Crypto ... | CoinDeskwww.coindesk.com/policy/2022/07/19/indian-exchanges-hold-meeting-to-discuss-way-forward-after-crypto-advocacy-body-is-dissolved-sources/
80 sats \ 5 comments \ @cryptocoin 19 Jul 2022 bitcoin
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20 sats \ 0 replies \ @ideasourcing 19 Jul 2022
who cares wat rules they make, they can't take the bitcorn away
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0 sats \ 0 replies \ @cryptocoin OP 19 Jul 2022
Nobody said taking power from the kleptocrats would occur without a fight.
They may succeed in initially limiting the amount of activity, as rule followers comply and no longer engage in bitcoin-related activity.
But where that activity will see continues expansion is in the person-to-person trading (which can be KYC-Free), remittances -- especially if the "street" (black market) USD/INR exchange rate starts to drift from the "official" (RBI published) exchange rate.
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0 sats \ 2 replies \ @cryptocoin OP 19 Jul 2022
On Monday, in what was the first official confirmation of the position of India's central bank, the country's finance minister confirmed that the central bank wants to prohibit cryptocurrencies.
The finance minister's statement can be viewed here (PDF):
http://164.100.24.220/loksabhaquestions/annex/179/AS10.pdf
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0 sats \ 1 reply \ @cryptocoin OP 19 Jul 2022
This statement from the finance minister was covered on TechCrunch:
India’s central bank wants to ban cryptocurrencies, government says https://techcrunch.com/2022/07/18/indias-central-bank-wants-to-ban-cryptocurrencies/
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0 sats \ 0 replies \ @cryptocoin OP 19 Jul 2022
And it was also covered in an earlier article on CoinDesk:
Indian Finance Minister Echoes Central Bank's Crypto Ban Call but Says Global Collaboration Is Required https://www.coindesk.com/policy/2022/07/18/indian-finance-minister-echoes-central-banks-crypto-ban-call-but-says-global-collaboration-is-required
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