Will The Indian Government Be Proactive With Their Policy On Cryptocurrency? by firepower

View this thread on steempeak.com
india · @firepower ·
$90.71
Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?
We’ve been through several stages in the past one and half year where the government and it’s agencies have ensured the following:

1. Harass HNW Individuals over the cryptocurrency holdings.
2. Harass  cryptocurrency exchanges
3. Arrest co-founders of cryptocurrency exchanges over cash deposit/withdrawal machine.
4. Try to prevent new businesses from operating in this space legitimately.
5. Promote blockchain development.
6. RBI bans its licenced banks from providing banking services to crypto exchanges.
7. Announce Garg committee to come up with regulatory draft.
8. Delay said draft amongst other things.
9. No official policy for taxing gains from cryptocurrency trading.

<center>https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmaou73ewrxonq3aDipPUzjtyCDYH22RPAPhNaMBpWtaCJ/Supreme-Court-to-examine.jpg</center>
<center><sup>[Source](http://hindi.seenews.in/?p=3230)</sup></center>

Overall the situation for legalised purchase, sale and possession isn’t any different today than it was 2 years ago. Exchanges operate in a gray area where none of this is illegal but neither is it legal due to lack of regulations. 

Cryptocurrencies cannot be banned easily and hence government hasn’t done anything drastic in this regard just yet.

However, with Supreme Court informing the government that it has 4 weeks to submit the regulations to the court is likely to speed up the policy work from the government. However, it’s highly unlikely that the government will submit any policy to the court within the stipulated time.

There hasn’t been any positive information made available about the government’s willingness to actually deliver a policy just yet. 

Also, we’re only days away from the next hearing in the Supreme Court of India but i’m hopeful for a decision that is pro-cryptocurrency even as hard and unlikely as it seems to be at the moment. 

---------

**If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:**
1. [Why You Should Vote For Firepower As Witness—Witness Campaign Post From India!](https://steemit.com/witness-category/@firepower/why-you-should-firepower-as-witness-witness-campaign-post-from-india)
2. [Steem.Chat Contest #70](https://steemit.com/steemchat/@firepower/steem-chat-contest-70)

----------
<center>Follow Me: @firepower</center>
------------------------------------------
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 168 others
properties (23)
post_id71,689,673
authorfirepower
permlinkwill-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency
categoryindia
json_metadata{"tags":["india","bitcoin","cryptocurrency","blog","firepower"],"users":["firepower"],"image":["https:\/\/steemitimages.com\/0x0\/https:\/\/cdn.steemitimages.com\/DQmaou73ewrxonq3aDipPUzjtyCDYH22RPAPhNaMBpWtaCJ\/Supreme-Court-to-examine.jpg"],"links":["http:\/\/hindi.seenews.in\/?p=3230","https:\/\/steemit.com\/witness-category\/@firepower\/why-you-should-firepower-as-witness-witness-campaign-post-from-india","https:\/\/steemit.com\/steemchat\/@firepower\/steem-chat-contest-70"],"app":"steemit\/0.1","format":"markdown"}
created2019-03-19 06:37:51
last_update2019-03-19 06:37:51
depth0
children9
net_rshares133,961,740,897,111
last_payout2019-03-26 06:37:51
cashout_time1969-12-31 23:59:59
total_payout_value69.144 SBD
curator_payout_value21.563 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,406
author_reputation1,107,756,850,509,708
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (232)
@coinduniya · 
This is ridiculous government initiatives for a new technology where world is adopting and we are far away

Posted using [Partiko Android](https://partiko.app/referral/coinduniya)
👍  
properties (23)
post_id71,690,818
authorcoinduniya
permlinkcoinduniya-re-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190319t072144182z
categoryindia
json_metadata{"app":"partiko","client":"android"}
created2019-03-19 07:21:45
last_update2019-03-19 07:21:45
depth1
children0
net_rshares452,607,018
last_payout2019-03-26 07:21:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length179
author_reputation34,496,717,943
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@steem0 · 
Where we can have relief even no negative news also so far and impact of coming elections are also can be hurdle in decision making.
👍  
properties (23)
post_id71,691,008
authorsteem0
permlinkre-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190319t072836925z
categoryindia
json_metadata{"tags":["india"],"app":"steemit\/0.1"}
created2019-03-19 07:28:42
last_update2019-03-19 07:28:42
depth1
children0
net_rshares442,559,050
last_payout2019-03-26 07:28:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length132
author_reputation905,037,692,151
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@metzli · 
That crypt is being discussed in India is awesome news enough for me. 

That’s a lot of people hearing the mention of crypto. 

Posted using [Partiko iOS](https://partiko.app/referral/metzli)
properties (22)
post_id71,691,099
authormetzli
permlinkmetzli-re-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190319t073146236z
categoryindia
json_metadata{"app":"partiko","client":"ios"}
created2019-03-19 07:31:45
last_update2019-03-19 07:31:45
depth1
children0
net_rshares0
last_payout2019-03-26 07:31:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length191
author_reputation24,049,780,175,854
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sanjay91422 · 
Waiting.. waiting and waiting.. 
Once it is done, I will become quite regular on Steemit again.
properties (22)
post_id71,691,973
authorsanjay91422
permlinkre-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190319t075417713z
categoryindia
json_metadata{"tags":["india"],"app":"steemit\/0.1"}
created2019-03-19 07:54:21
last_update2019-03-19 07:54:21
depth1
children0
net_rshares0
last_payout2019-03-26 07:54:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length95
author_reputation3,423,295,935,465
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@maya7 ·
$0.05
Have no idea what will happen in future...
👍  , ,
properties (23)
post_id71,696,326
authormaya7
permlinkre-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190319t093906772z
categoryindia
json_metadata{"tags":["india"],"app":"steemit\/0.1"}
created2019-03-19 09:39:09
last_update2019-03-19 09:39:09
depth1
children0
net_rshares73,890,554,732
last_payout2019-03-26 09:39:09
cashout_time1969-12-31 23:59:59
total_payout_value0.038 SBD
curator_payout_value0.011 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length42
author_reputation20,054,979,492,418
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@vedicsamurai · 
Won't happen in the remain days of this Governments. Maybe in the first six months of the next Government we'll see a cryptocurrency policy.
properties (22)
post_id71,705,061
authorvedicsamurai
permlinkre-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190319t134117013z
categoryindia
json_metadata{"tags":["india"],"app":"steemit\/0.1"}
created2019-03-19 13:41:18
last_update2019-03-19 13:41:18
depth1
children1
net_rshares0
last_payout2019-03-26 13:41:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length140
author_reputation20,574,691,560,478
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@christopa · 
We'll hope for the best. India has a huge potential in crypto considering its human and power resources
properties (22)
post_id71,859,915
authorchristopa
permlinkre-vedicsamurai-re-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190322t161745549z
categoryindia
json_metadata{"tags":["india"],"app":"steemit\/0.1"}
created2019-03-22 16:17:45
last_update2019-03-22 16:17:45
depth2
children0
net_rshares0
last_payout2019-03-29 16:17:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length103
author_reputation0
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@ocdb ·
re-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190321t161640231z
You got a 69.86% upvote from @ocdb courtesy of @firepower! :)

@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 60 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our [Discord channel for more information.](https://discord.gg/k2Hu77b)


If you like what @ocd does, consider voting for [ocd-witness through SteemConnect](steemconnect.com/sign/account-witness-vote?witness=ocd-witness&approve=1) or on the [Steemit Witnesses page.](https://steemit.com/~witnesses) :)
properties (22)
post_id71,808,731
authorocdb
permlinkre-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190321t161640231z
categoryindia
json_metadata{"app":"postpromoter\/1.9.3"}
created2019-03-21 16:16:42
last_update2019-03-21 16:16:42
depth1
children0
net_rshares0
last_payout2019-03-28 16:16:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length577
author_reputation3,405,824,162,324
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@tgr60 · 
very good
👍  
properties (23)
post_id71,824,064
authortgr60
permlinkre-firepower-will-the-indian-government-be-proactive-with-their-policy-on-cryptocurrency-20190321t222412186z
categoryindia
json_metadata{"tags":["india"],"app":"steemit\/0.1"}
created2019-03-21 22:23:45
last_update2019-03-21 22:23:45
depth1
children0
net_rshares102,111,161
last_payout2019-03-28 22:23:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length9
author_reputation3,900,417,632
root_title"Will The Indian Government Be Proactive With Their Policy On Cryptocurrency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (1)
Help/Feedback