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RE: HOW IS IT WITH THE CURRENT CRYPTO BAN IN INDIA?
Hi @karamyog
Thanks for sharing your feedback with me
(comment upvoted already).
I don't want to get into trouble at any point in the future for buying something that can be termed illegal
What about your STEEM and HIVE tokens? do you think owning it may get you in trouble as well?
That said, I think the government for now has changed its stance on crypto from negative to neutral.
Great to hear it. I believe that many wealthy people will continue putting pressure on Indian authorities to accept crypto as a store of value.
Cheers, Piotr
I am not buying or selling hive or steem. I am only earning it. and of course, I can trace and track every crypto investment I have ever made. Also, I will pay taxes on anything I sell. else, I will figure out a way to sell these crypto-assets in some other way in the future.
i think the final regulation will not be so draconian that crypto is considered illegal. moreover, wealthy people in India may or may not need an alternate source of wealth preservation. they have land, gold, and numerous ways of storing wealth. inflation affects the poor disproportionately.