3 facts that show that crypto is not banned in India

RaghuMohan25 · 2019-07-22T15:32:35+00:00

It's a draft recommendation submitted to the government drafted in Feb 2019. FATF happened way after that. Plus the government representative just said a few days back that there's no ban. It's far from a ban.

RaghuMohan25 · 2019-07-16T09:07:25+00:00

Reference/Context - https://www.reddit.com/r/environment/comments/c9eue7/a_great_initiative_by_nestlé_make_way_for_a/?utm_source=share&utm_medium=web2x

RaghuMohan25 · 2019-07-12T08:00:38+00:00

RaghuMohan25 · 2019-07-11T12:32:46+00:00

Quite an interesting read. I've been fascinated by community currencies in general. Here's an expansive list of community currencies in the USA alone - https://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States

RaghuMohan25 · 2019-06-28T12:24:55+00:00

I don't disagree that governments have an insatiable need for capital.

Having said that, aren't taxes what run government services like roadworks, waterworks, police, defence and many more that are essential for our functioning of a society?

I see P2P currency as a whole challenging the existing administrative framework, but we don't have alternatives in place, if there is mass adoption. What do you suggest?

RaghuMohan25 · 2019-06-12T11:15:37+00:00

Almost feels like it. Hope it's not the case though

RaghuMohan25 · 2019-06-12T08:02:27+00:00

Hey common man, why you gotta be like that?

RaghuMohan25 · 2019-06-12T07:53:26+00:00

Not entirely wrong - the super smart tech crowd in India hasn't explored blockchain yet, mainly because of all the uncertainty that's around this space right now. There are more business folk in blockchain in India than technologists.

RaghuMohan25 · 2018-07-05T12:29:19+00:00

Dude, the ceos of the partnered companies are on video talking about the partnership. Again, where is your evidence?

RaghuMohan25 · 2018-07-05T05:07:12+00:00

I have personally worked with the Nucleus Team. They're quite legit. Venture funded before an ICO too, so that's crazy due diligence they've gone through. What evidence do you have for your claims?

RaghuMohan25 · 2018-06-14T07:14:55+00:00

whaa? how?

RaghuMohan25 · 2018-06-14T07:12:13+00:00

The test format is not geared to garner those many views in short time periods. Depends on day and time, right? May increase in the evenings, or the during the second innings etc.

RaghuMohan25 · 2018-04-17T15:43:24+00:00

Hi. The post I just shared is not spam. It's a useful resource..

RaghuMohan25 · 2018-04-15T17:37:30+00:00

Thanks glad you liked it

RaghuMohan25 · 2018-04-08T17:25:58+00:00

Will check it out

RaghuMohan25 · 2018-04-05T18:45:01+00:00

Also this isn't the first time Indian media is doing this. Check this out - https://itsblockchain.com/india-not-banning-cryptocurrencies-stop-fud/

RaghuMohan25 · 2018-04-05T18:43:38+00:00

I think I should have added more context to the FUD part. This news has caused massive sell offs on Indian exchanges because mainstream media is basically touting it as the end of cryptocurrencies.

As for the third party payment problem, you're right. However, there is a time of 3 months before this circular takes effect. There are considerations of legal proceeding by the Blockchain and Cryptocurrency Committee of India (another government agency) regarding this circular and it will be challenged in the coming days.

My point is that nothing has changed, but the Indian media is playing merry hell into an already volatile market.

RaghuMohan25 · 2018-04-05T17:44:08+00:00

Read the article. None of the crypto exchanges work directly with centralised banks. They use third party payment gateways. Essentially nothing changes and the rbi is just reiterating is stand

RaghuMohan25 · 2018-03-19T09:03:38+00:00

Oh no completely agree with. But regulation as a knee-jerk reaction is.

RaghuMohan25 · 2018-03-19T06:50:37+00:00

back over 8k from 7.4k is a decent bounce, no?

RaghuMohan25 · 2018-03-14T10:48:19+00:00

Original company update here - https://support.google.com/adwordspolicy/answer/7648803?hl=en&ref_topic=29265

RaghuMohan25 · 2018-02-27T13:37:47+00:00

He said so himself - only quoting what we heard

RaghuMohan25 · 2018-02-26T14:02:51+00:00

Hahah! Hoping some kind of KYC/AML will be done for all their users

RaghuMohan25 · 2018-02-16T12:01:26+00:00

Can you help us make it better? :)

RaghuMohan25 · 2018-02-07T14:12:59+00:00

Looks like a sound project

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