You are viewing a single comment's thread from:

RE: Crypto India: Welcome To The Banking Banana Republic!

in #bitcoin7 years ago (edited)

Government can just give Statutory warning, as they do in case of Mutul funds: "Mutual funds are subjected market risk", if we loose in MF, does the government provide any help... It does not matter whether Crypto-cuurencies are declared illegal tender, we should be allowed to invest on our own risk. Government of India does not provide any new job opportunities for the youth, the Jobless growth in India is dramatically increasing at exponential rate. If youth of India believe in this new "Blockchain" technology revolution, why the government also want to take this opportunity away.

Sort:  

Hey hms818,
Pretty much greed is why Governments want to take this opportunity away. They see it as an encroachment upon their "turf". And it takes away their power and control . They want that control because it serves their bureaucratic system very favorably. And has aligned the pockets of those bureaucrats very nicely for many, many years now.

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.036
BTC 95982.42
ETH 3487.66
USDT 1.00
SBD 3.47