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India: See This Alleged Draft Of Banning Of Cryptocurrency & Regulation of Official Digital Currency Bill 2019! by firepower

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· @firepower ·
$19.82
India: See This Alleged Draft Of Banning Of Cryptocurrency & Regulation of Official Digital Currency Bill 2019!
Finally we are able to review the document which caused a lot of speculation and tension for crypto users in India. Thanks to Varun Sethi also known as [BlockchainLawyer](https://twitter.com/Blockchainlaw91) on Twitter for find us this copy of the alleged draft of the crypto ban bill in India. 

<center>![1-f6b000d9bf.jpg](https://cdn.steemitimages.com/DQmcoovV13S7Xn6fS24QLBp1D9hejh2dyfPoDJkbSXToWad/1-f6b000d9bf.jpg)</center>

You can find the copy [here](https://www.scribd.com/document/417445633/Alleged-Draft-of-Banning-of-Crypto-Currency-Regulation-of-Official-Digital-Currency-Bill-2019-India#download).

I have shared some of my opinions over it in the past when the Bloomberg article came out and I don't see a lot changing at the moment. But it's not official until it's passed by the government so don't panic. 

Remember this is not a draft bill from any government agency and could have been drafted privately by an MP for example. So don't jump the gun with panic sentiments. 

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**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. [Building A List Of Users From India—Please Fill This Form ASAP!](https://steemit.com/india/@firepower/building-a-list-of-users-from-india-please-fill-this-form-asap)

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vote details (458)
@maya7 ·
Hope for the best results.
👍  
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@praditya ·
So when is the decision whether it is passed or not because it is a very important decision for our Indian community as well as crypto community as India contributes a huge part to crypto .
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@vedicsamurai ·
Scary stuff.
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@sauravrungta ·
I think this is a private bill. There was a bit about it on the RSTV (Rajya Sabha TV) and they were saying that this is a private member bill. Also, in a recent Parliament session, Aurag Thakur the MoS for finance answered a question regarding cryptocurrencies and he said that, "The issue of permitting trading in crypto currencies is being examined by an inter-ministerial committee".
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vote details (1)
@oivas · (edited)
It is sad that people with half baked knowledge will define the crypto scene in India. Although, I understand the concern of this becoming a parallel economy and therefore to a certain amount a conduit for nefarious activities. But then honest users are left behind. Interestingly, almost all IT companies in India are now consulting in blockchain, not to mention a couple of implementations too. Too shortsighted!
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@ssjsasha ·
$0.35
I just started following you after I saw your support for @ats-david comment regarding steemit’s sp delegation.

I was curious if you heard of Matic network?
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