On today's RBI circular:
Some governments have taken a stance which has been protectionist. This is a usual stance some governments take when they are not clear on the possible manifestations of a new technology. Ola, Uber have been banned multiple times across countries. At the end of the day Ola/ Uber have weaved it beautifully in the lifeblood of how the city moves.
RBI here wants stop others and at the same time explore blockchain tech themselves. RBI in the same circular has mentioned they are exploring creating their own currency. '12. Central Bank Digital CurrencyRapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper/metallic money have led central banks around the world to explore the option of introducing fiat digital currencies. While many central banks are still engaged in the debate, an inter-departmental group has been constituted by the Reserve Bank to study and provide guidance on the desirability and feasibility to introduce a central bank digital currency. The Report will be submitted by end-June 2018.'This is clearly stifling innovation around blockchain. If a government does not facilitate adoption of new technology the country stands to left behind. It's not that a Google or an Apple gets created by a govt. It's when entrepreneurs are provided the best possible launchpad when this happens. If as a govt you do not provide that - that's when people like Sundar Pichai or Satya Nadella have to leave the country and they become creators for some other countries. There are hundreds of thousands of such people who could have contributed phenomenally to the country but could not.
Government's job should be able to facilitate the next wave of tech and encourage innovation. There are tens of thousands of youth that have gotten jobs or employment with blockchain and relating companies. This is massive for a government which has not been able to improve the employment rate. This story happened with the internet. Should not happen again with blockchain. As users who love blockchain tech and have invested thousands of hours into this let's ensure we communicate or stance unequivocally to govt on this.Such irrational reactions can cause the following issues:
- Cash trading of virtual currencies. This is something that can't be stopped. Just to prove this let's look at this graph. This is going to promote irregular trades via cash and trades via cash increased by 80 times over a period of 12 months.
- It would lead to hard earned money of millions of Indians getting affected as they would get affected due to the knee jerk reaction in which prices got impacted.
- Crypto exchanges and blockchain companies have profitable business models and can give a massive share of revenue to the government who is welcoming. Not only that crypto exchanges and traders are extremely compliant with stringent KYC norms and have already complied mentioning all their trade details.
- Crypto and blockchain as a concept can't be stopped. You can just decide whether you want to participate with full throttle or get left behind. The current stance from government shows they would want to remain left behind after missing the internet revolution first, AI revolution next and now blockchain revolution.
Sign this petition and make a change. Share this as widely as you can.
From the digital asset exchanges of India. The exchanges in India are very forthcoming wrt regulations and would love to comply with any sort of compliance measures that can open access of blockchain to 1.3 billion Indians in a clean transparent manner. We would love to facilitate dialogue with RBI, SEBI and Govt of India around this matter. Most exchanges follow stringent KYC norms. Read more
Created April 5, 2018
Petition to Scott Morrison, Josh Frydenberg, Daniel Andrews
I am hoping that consideration can be given to have the Homebuilder Grant applications reopened for feel there is no reason why applications shouldn’t be reopened so all citizens who are eligible can apply.
The more additional people that can apply if the applications reopen means that more money Homebuilder applications and we have missed out.
I have since been advised by others that they have result of the influx of applications in December 2020 which was out of their control. As well asRead more
Impact of USCIS processing delays
There has been little progress for applications filed since applications. This will have the added benefit of creating additional revenue options for USCIS, alleviatingRead more
The applications currently affected by advertisements are Samsung Health, Samsung Pay, Phone lead to a drawback on people switching away from using your applications or even your actual hardware.
Thank you.Read more
than $3,000 in the case of Skilled Migrant Category applications). We have brought our skills and. However, we have been forced to wait many months and even years to hear a decision on our applications. In the early months of 2019, when many of us lodged our applications for Residence, the timeframe for allocation to an Immigration Officer was just 3-4 months. As of 1 July 2020, applications at the significant backlog of applications that represents more than 30,000 people and now the processingRead more
their visa applications with great hope and anticipation in 2020, seeking the opportunity to contribute applicants' children, who were included in the visa applications. Many of these children were under 23 resolution of the backlog of Subclass 188 visa applications, prioritizing those who have been waiting patiently for an extended period.
By expediting the processing of these applications, AustraliaRead more
AIMCA Australia Iran Migration Consultants AssociationAustralia
It's no secret to any hunter or fisherman in Florida that the spraying of aquatic vegetation is destroying the ecosystem for our fish and our migratory birds. Not only are these harmful chemicals killing the vegetation that provides shelter, nutrition, and filtration but they are also mutating and unethically killing our wildlife species.
These activities are being performed in the interest of making our lakes and fresh water sources more "leisure friendly" however, they are ineffective at accomplishing that task and the only outcome that we are left with is horribly diseased and mutated fish, a reduction in total species population, leaving predators to go outside of their normal food chain and creating an ecological disaster that is becoming more and more unmanageable.
We demand that these activities are IMMEDIATELY stopped until the public, who pays for the land and for the conservation efforts of the land, are allowed to submit a conservation proposal or are allowed to vote on any measures going forward. Read more
Samuel AdamsDaytona Beach, FL, United States
Created May 14, 2019
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