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❕NEWS Crypto ban will impact start-ups in India

CrazySher

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Indian government is considering about a complete ban in crypto, and it must affect the new start-ups backed by cryptos and there are 200 new start-ups in India. They are recently appeals the government to reconsider the ban as the value of India's crypto industry is $13billion in 2017, and till to date it grows 400% more.
 

Niftyicon

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Such decision could have had a drastic effect not just on startups but many other businesses as well. Thankfully, such wouldn't be taking effect in the country anymore.
 

Wisdom01

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The government should reconsider that so it won't key small business that are just having little growth in these hard times ,they should help them instead
 

mildredtabitha

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Most government burn crypto because there is lack of follow up in transaction. Many people can evade tax and participate in money laundering by using crypto.

At the same time, most people lost their livelihood because of the pandemic and now they are tempted to invest the little they have in crypto without knowing what the future holds.
 

Josemendez

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I think in this critical situation whereby people are leveraging on cryptocurrency for source of earning , banning it will surely affect the people
 

achawaskey

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I don't think they will go ahead to ban crypto knowing what they will benefit from allowing it to operate. Cryptocurrency will help any country to improve it's GDP.
 
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