I have browse the internet and read an article saying that India's government might banned Cryptocurrency and possible some other digital currencies. I think India is a big market in terms of cryptocurrency due to their big population and there are many people there that are in trading platforms and earning cryptocurrency for their living as well. But this could be a bad news for some people who are earning cryptocurrency as blocking these kind of assets might affect the market. Just hoping it would not and it would remain speculation as I am now satisfied on what the market has been in the progress right now.
There is also a notice about the cryptocurrency investors to find their time to liquidate with the span of six months and just I need to take note of this one so that I am fully aware on what would happen on that span of time. But still there will be chances that some of those implementation might be reconsider since cryptocurrency plays a vital role right now that we are into pandemic and that many people are now considering this as an alternative asset due to limitation of people and helping themselves to keep away from public which might be prone to infection of that virus that has been still going on even the vaccine is most likely deployed but not all.
Cryptocurrency is great and that this one opportunity that I am really proud of. But what would be our hold if the our government is preventing us to use them or owned them. Will we try to defy them and make a way that we can bypass or exempt ourselves from those blocking procedures or methods that our government might be implementing. I am just hoping that if ever we will try to defy this things, government would right to reconsider since most people right now are depending on their cryptocurrency earning and that some of them left their jobs. And still I also seen many companies right now that are supporting cryptocurrency as their payment method and big names are also holding it now.
Let's just see how India's government will handle this.