India to propose cryptocurrency ban, penalizing miners, traders: source

[RedDuke]

Yeah, all in good fun.

.....Whether it’s backed by USD or not makes no difference as long as the peg is maintained during the transaction.

oh it matters a lot if you are an investor. If you in and out, agree does not matter much.

 

[mlawson71]

What is the deal Tether these days, I have not checked it at all in months.

 

[RedDuke]

What is the deal Tether these days, I have not checked it at all in months.

last month alone, they printed 6.4 billion. Over last day slightly under 100 mil. More is needed to push price up.

 

[radex78]

This is like a battle between government and society demand, who will become winner later still on the dark side, but its possible people power still move ahead with cryptocurrency, in addition, cryptocurrency transaction increase in money flow lately.

 

[mlawson71]

An update on the situation of cryptos in India - the Indian government plans to regulate the crypto currency exchanges operating in the country as e-commerce platforms, which will reduce the Goods and Services Taxes (GST) users have to pay with every transaction to merely 1% from the current 18%, similarly to taxes paid on India’s regulated stocks exchanges.

 

[radex78]

An update on the situation of cryptos in India - the Indian government plans to regulate the crypto currency exchanges operating in the country as e-commerce platforms, which will reduce the Goods and Services Taxes (GST) users have to pay with every transaction to merely 1% from the current 18%, similarly to taxes paid on India’s regulated stocks exchanges.

I think good sign for cryptocurrency investors n India, this is also included countries with big volume transactions in cryptocurrency.

 

[mlawson71]

I just hope they will actually stick to this decision, because they've been coming up with something new every few months for years.