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RE: Two Indian Cryptocurrency Exchanges Are Shutting Down-What Does It Mean?
...All trading activity will be halted as of March 5th 2018. Please withdraw all assets from your account before then.
Let's hope those who did not get this info on time will still be allowed access to the withdrawal of their stakes....
On the issue of government banning crypt trading, I think I read in the news few weeks ago how the Indian finance minister reiterated the government's renewed effort to ban crypto in india (I am not an Indian anyway, but I follow the news very well.)
Sincerely you have done well by reassuring everyone in India that there is nothing to worry about. Your post sincerely deserves what it is currently earning and more. I have also upvoted and followed you.
How can government ban crypto?
If government can ban their own currency(demonetization), they can indeed do any crazy thing as they wish :)
haha i couldn't move without liking and commenting on your comment. Our Govt is quite capable of insane things.
How can you ban what is not yours?
You cannot ban what is NOT there. Cryptocurrencies are neither here or there because it is on many computers in many countries and therefore in international territories, legally speaking, and they would have to go to the United Nations or the New World Order or other entities perhaps if they wanted to go after Bitcoin for example because Bitcoin is neither yours or mine but is rather an asset that you can connect to but you cannot remove Bitcoin from the blockchain which is not in the domain or the control of government and Bitcoin is not a dollar and it works differently.
Government has to steal your computer in order to get the passwords and pass phrases to get access into Bitcoin that is not really yours to begin with. You gain access to borrow and rent or to use Bitcoin but Bitcoin is not a physical thing that is centralized which means you cannot stop it without burning up all the computers in the world. if you want to ban Bitcoin, you have to blow up the whole world.