CryptoCurrencies Ban- Progressive or Conservative stance?

CryptoCurrencies Ban- Progressive or Conservative stance?

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SHAILENDR AHLUWALIA started this petition to pm narender modi (Prime Minister of India)

Respected PM Sir,

We, Indians, look upon you as the most dynamic Leader ever in the history of Independant India...I would rather like to treat you similar to “लोह पुरुष”.

The impetus you gave to  the digitalisation is unparrellel and now that the country is aligning and catching on with the Digital Way of Life, here comes a news today and I quote...

”By CCN: Lawmakers in India have proposed a bill which would see Bitcoin and crypto ownership made completely illegal, with as much as a 10-year prison sentence for anyone caught holding. This coincides directly with India’s plans to launch its own state-backed cryptocurrency – the Digital Rupee. 10 Year Jail Sentence for Bag Holders? As per the Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, anyone involved in the Bitcoin or crypto ecosystem would face criminal punishment. The bill proposes a 10-year prison sentence for persons who “mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies,”

Now, instead of accepting the realities being realised by the world economies and Japan even taking lead in according Bitcoin a legal tender status way back from 1April,2017, and instead of taming it’s powers to generate revenue for the country, we are talking about a Bill to ban CryptoCurrencies. 

Earnest request to consider the proposed ban and not deprive Indians to realise the benefits like other nations in the world. 

We got to be forward looking rather than adopting some backward approach.

Looking for justice with CryptoCurrencies and justice to we Indians...before it’s passed into a law.

 

 

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