Media Again Spreading India's Crypto Ban FUD . Q&A in Parliament Tells the Truth
Today, this was the only news that was being discussed among Indian cypto community. The news originated from the following article published in Business Standard:
Business Standard based this news entirely upon some anonymous source and said:
The government is considering the blocking of internet protocol (IP) addresses of companies/exchanges on which trading in cryptocurrencies is happening, said a source in the know.
But before taking any such action, Government must first enact some Law under which it can take such measures on a permanent basis.
In another development, a MP raised some unstarred questions on Cryptocurrencies to the Finance Minister. He asked details of any assessment carried out for how cryptocurrencies impacts regular currency of India.
He also asked for details of any plans to bring legislation to stop the use of cryptocurrencies in India.
Government replied implying that it has not taken any decision on the report on Inter-Ministerial Committee yet and Legislative Proposal, if any, would be introduced in the Parliament following the due process.
For the complete written text of this Q & A, find the document in below images:
Please be informed and don't fall for cheap media tactics to attract eye-balls. Always confirm the news from authentic and verifiable sources.
It's entirely up to you to act responsibly to safeguard your own investment.
Media is not reliable at all I think and when they have nothing to show then again start crypto ban.
Of late, crypto investors have grown many folds in India. But with no clarity in regulations regarding it and their endless wait for some news on it has made them an easy target for mainstream media to gain some easy eye-balls through a false scoop. But you can't be fooled again and again. These news cycle will teach us to become more cautious and mature over time :)
Thanks for telling us the truth ! Maybe they will pass it but it is still very far from being done !
This will be sad if it really happens in India but i think this could be another financial blunder
Blunders are part of human progress.
But it remains to be seen if we can learn from other blunders that we made in the past ...or from others' blunders.