O my God. This will not be a good news for Cryptocurrency tlovers in the country. let us just hope it didn't happen. Thanks for sharing this with us. Without you. I may not have been awarded of this

You accidentally pasted the content twice I think. :P

sir, thanks for sharing update.

I really hope India dosent go ahead with this plan.  It's going create uncertainty for cryptocurrencies in other developing countries.  

nice update i specially thanks to you for update this news at this platform, i,ll create a lot of problems for the indian bussness ,  let,s watch what ?haapen?

If they are using word private cryptocurrency...does that mean they have any plan for introducing governmental cryptocurrency ???

Pretty bad state where these notices create lot of confusion .., till now i never comes across "private" in reference to crypto currency..but strange the government it using it publically....

Hope to see some good days ahead in crypto world

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Now i am literally feeling that this time it really going to work.
Hope the delay goes on and on and on.

Thanks for the info. If the end product of these hearings is that crypto is not going to be a means of investment, payment for goods,  or totally banned to even hold, how does the gvt. deal with those already invested. Even more worrisome for me, if I resided in India, would be what the hell do I do now .

That's unfortunate @firepower. But I still hope that the time will come up with the sweet answer that we want to hear. Patience ahead!

Hello @firepower, 
As we can see in the highlighted part they have mentioned a special word that is 'Private Cryptocurrency' such as Monero, Verge etc. I don't think there will be any impact if these coin gonna be banned in the future.
![](https://cdn.steemitimages.com/DQmbp3xx6ZMrZz41oanQKByoQuk484piAK143JHgGoCzCBq/image.png)
I really appreciate your effort & Thank You for sharing this news with us :-)

Sooner or later this is going to happen. Frankly speaking, we all know how currencies make government powerful and that circulation of non governed currencies will affect their power centralisation.
I am pretty sure they'll ban it at some point. But guess what, this is no reason to FUD. Because anyone who entered crypto space after a good research and has an understanding of core concepts would have all known these possibilities and must have been well prepared for these cases.
Don't know about the others but I saw it coming. I don't hold much in cryptos but whatever I have, I have been holding it and will hold it as always. I'd be sad if my value goes down or if I lose money but I'd be more sad about the lack of faith shown by people. Afterall at the end of the day *it's the people who created it, to empower people and only people should decide it's fate.*
**And I firmly believe that:**
<h3>If the community can't sustain it, it's not worth it!</h3>

Not surprised, India has been working hard to clamp down on their national currency situation, first with the banning of certain bills.

What i simply believe is no matter what is going to happen i am going to hold my coins and government should think twice as they are not abel to ban porn completely so how can they think that they will be successful in there course to ban crypto as there will always be loop holes lets see even i want the things should be straight forward but if we will be forced then loop holes will be digged...

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It is great how you keep on top of what is happening and share it with others.

So you planning to move elsewhere anytime soon?

India is an outpost and beta test ground for the West

PLEASE TELL ME THE WAY TO WITHDRAW CRYPTOCURRENCY IN MY INDIAN BANK PAYPAL OR ANY INDIAN CURRENCY

@firepower, Yes, we should not **Panic** because when something is coming into the world which can give power to masses, will going to face some tough times at the **Point Of Entrance**. And we all know that, now in world many countries are coming forward and taking positive steps towards the **Cryptocurrencies**. So in my opinion already we are watching some good vibes when we talk in the sense of **Global**. So when countries are coming forward towards particular **Technology** then in my opinion it will going to inspire other countries too. Stay blessed. 🙂

In UK lately there is more mentions of cryptos in the daily press and daily business free paper CITY A.M. started to publish weeks ago 2 pages section every tuesday titled ' Crypto A.M.' - with most articles emphasizing on DLT and things like Stellar. Something's cooking.

India trying to control cryptocurrency, at least within their country. anything which are not controlled by the government is consider illegal.

Is this like a check mate for us ?

We are working here to make our career in this wonderful, new and unique field and suddenly govt says it will be banned! How cruel is that! Cryptocurrencies are legal in both developed and developing countries, it could be a huge opportunity for our country to dominate this field but its very sad after watching this news. Dont knoe what to do [@firepower](https://steemit.com/@firepower), leave it or stay with it. I m very much confused.

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