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Nairaland Forum / Nairaland / General / Business / India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets (43785 Views)
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Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by IamDavid(m): 12:34pm On Feb 13, 2021 |
htdot:Well, may I remind you that India's population is over 1.4 billion? (In comparison, USA with a population of 320 million has already spent trillions of dollars twice, and Joe Biden is still proposing trillions again. Needless to say, India is Asia's most corrupt country and we can presume that a significant part of that budget, if eventually approved will be looted. So, do your assignments well before you react to posts, intellectual discussions are not avenues to dish out unnecessary insults. 2 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by oloyedewaris(m): 12:34pm On Feb 13, 2021 |
lkillbrokehoes:Poor countries? |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Ojemedad: 12:34pm On Feb 13, 2021 |
Government hates freedom to the people, especially financial freedom and especially poor countries and most especially my country Nigeria 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by htdot: 12:35pm On Feb 13, 2021 |
IamDavid:... Get your fact straight. 1 Like
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Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by profmallor: 12:35pm On Feb 13, 2021 |
CBN is banning it for political reasons not economic reasons 3 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Springboot: 12:36pm On Feb 13, 2021 |
PeaceLoveJoy: China is not poor, Canada is not poor. Bitcoin is not legal there. 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by seunny4lif(m): 12:36pm On Feb 13, 2021 |
Yet Jay-Z donated around worth of BTC to India and Africa to help fight poverty. Indian government wan cash-out first, that the reason 6 months 3 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by mmsen: 12:36pm On Feb 13, 2021 |
nairalandankrah: Third world countries usually resist positive change. What else is news. 4 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by oloyedewaris(m): 12:36pm On Feb 13, 2021 |
IamDavid:But a lot of Nigerians go there, Make una they talk truth for yourselves na |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by focus7: 12:37pm On Feb 13, 2021 |
India action seems more honourable than Nigeria government. It at least gives six months to investors to liquidate unlike Nigeria government that outrightly closed the account of investors |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by mmsen: 12:37pm On Feb 13, 2021 |
htdot: That doesn't alter the fact that most Indians live in blinding poverty. 3 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by ichidodo: 12:38pm On Feb 13, 2021 |
India's economy like Nigeria will fail if it's irrationally exposed to Bitcoin and co with dem Crypto's inherent propensity to go bust and crash... 2 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by jumper524(m): 12:40pm On Feb 13, 2021 |
mike8804:well packaged lie. no need explaining how your last sentence works but it's either you heard it from another lier or your misleading people the way I presume you were misled. well that's how to full the people, cos if it were so I'm sure all govt in the world would have banned it. 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Jaapu: 12:45pm On Feb 13, 2021 |
Brendaniel: Just like NIN registration that some foolish people refused to do since it has been on since 2015. The CBN directive is almost 3 years old. Nobody ban anything overnight. 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by IamDavid(m): 12:45pm On Feb 13, 2021 |
htdot:Bro... Hundreds of millions are suffering in India. You have a phone now... Don't you even see it in their movies? 3 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by IamDavid(m): 12:47pm On Feb 13, 2021 |
oloyedewaris:Nigeria is poorer doesn't change the fact that India is poor 2 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by afroxyz: 12:48pm On Feb 13, 2021 |
this is not pfficial as they are considering it. What type of fake news is this? 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by calcal: 12:49pm On Feb 13, 2021 |
Freestainworld: In what form the government will lose money? The stock market is over 100 years it never any a threat to any government, now why crypto? Stock market and crypto are practically samething. 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by afroxyz: 12:50pm On Feb 13, 2021 |
Springboot: Canada just approved its first bitcoin ETF which means investors can invested in pooled assets that would invest in bitcoin. Where so u preople read your news from sef? 2 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by guy222: 12:51pm On Feb 13, 2021 |
FalseProphet1:Indian is already the poverty computer of the word. 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by afroxyz: 12:52pm On Feb 13, 2021 |
calcal:Leave all this people that just copy and paste opinions without researching. If you ask him, he can't differentiate between a wallet and exchange sef 2 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Lightorder: 12:52pm On Feb 13, 2021 |
Ahmback:any failed or about to fail economy would ban it. |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Charles4000(m): 12:54pm On Feb 13, 2021 |
profmallor:"political reasons" I will totally agree with you..... |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by JOHNSONSOLAFUNMI(m): 12:55pm On Feb 13, 2021 |
truthfulparrot: What bout Fiat currencies, criminals doesn’t use it for transactions? 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Lightorder: 12:55pm On Feb 13, 2021 |
mike8804:so true |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by leokid866: 12:58pm On Feb 13, 2021 |
calcal:Have sense please.....the stock market value is based on the value of a company's product, service and activities.....crypto is a free float digital currency that is based on nothing but speculation.......when you have a currency like crypto been used and traded within your borders all you are doing is putting strain on your legal tender.....and for a country like Nigeria or India with a massive population......if crypto gets to big it will practically devalue their currency......please pick up a book and learn to understand how currencies are valued. 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Lightorder: 12:58pm On Feb 13, 2021 |
truthfulparrot:sir, your submission is pessimistically logical |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by SmartPolician: 1:00pm On Feb 13, 2021 |
Ahmback: There's nothing else apart of lack of government control and its use to finance the dark web. With cryptos, there's nothing like KYC! 2 Likes |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Lightorder: 1:00pm On Feb 13, 2021 |
Incognito403:what is this one saying ? Oga, your comment is so stale and antiquated. Get a job so your comment will change. People are leaving all these afonja, IPOB, developers trash to you alone ooo. |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by oloyedewaris(m): 1:01pm On Feb 13, 2021 |
IamDavid:Bro you don't know what is called a poor country |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by Powersurge: 1:03pm On Feb 13, 2021 |
Ahmback: It's simple. Crypto is not subject to devaluation. Government cannot determined who gets money and becomes poor. Government cannot free ur account. Etc 1 Like |
Re: India Bans Cryptocurrencies, Gives Investors 6 Months To Liquidate Their Assets by afroxyz: 1:03pm On Feb 13, 2021 |
SmartPolician:dollar is the number one currency for illicit trades globally. $100 bill is very difficult to trace because the Fed keeps printing paper money. On the other hand, all BTC transactions can be traced. please try and study so you dont make baseless assumptions. 1 Like |
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