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Will India Ban cryptocurreny or Regulate cryptocurreny soon??

The Indian government is once again considering to propose legislation to prohibit and ban the use of Bitcoin and other cryptocurrencies in the country. This news comes just a few days after the RBI (Royal Bank of India) confirmed that there was no banking ban on the crypto industry right now and a few months after the Supreme Court of India struck down the previous ban. The previous Indian ban on crypto lasted for two years and now it seems that another law will take effect, during a time where major exchanges as Binance have already expanded in this market, and others as Kraken and Coinbase are examining the opportunity. The RBI also has plans for a digital rupee which according to reports will be based on blockchain distributed ledger technology. The country has also removed capital controls for withdrawals of money out of the country, up to $250,000 which was an incentive for exchanges to consider expanding in the region. The draft of the proposed law seems to be indicating that offenses will be punishable with imprisonment for a time between 1-10 years. [RECENT NEWS]: Wazirx exchange executive Nischal Shetty explains that it would be difficult for such a law to pass. Sources: EconomicTimesIndia Cointelegraph Bitcoinist BTCmanager

Today, I read a news in Coindesk.com about Ethereum in China. It is said that Chinese government has used its firewall to block one of the most prominent source of ETH blockchain data which is etherscan.io wesbite. This censorship has started since October 30, 2019 and now Chinese users can't access this website with their Chinese IP addresses. This is a bad news because it seems that it is possible to ban or limit crypto activity by blocking some websites and making it hard for most crypto users to stay active. This is a fight between centralization and decentralization in China. It is still unknown why this censorship has been done. I think this is another attempt to control cryptocurrency. ETH users in China can still use other websites but this website was a useful source for them. Source: https://www.coindesk.com/chinas-internet-firewall-has-blocked-access-to-ethereum-block-explorer-etherscan-io

Hi to all of the Cryptotalk members that are here! This post is for all of the users that are within this forum, if you are a newbie or if you are a senior member here. As we all know, if there is a violation of the rules, then the moderators will give out warning points. However I think that many view this as the end of the world and as such they then start to stay away from the forum for a while for fear of getting banned or receiving more warning points in the process. Although I do understand the thought process, we should not shy away from posting if we receive a warning point. A warning point is there to draw your attention to what you are doing wrong, and as a such when you acknowledge the warning point it will show you what it is that you were doing wrong. By doing so you can then learn from your mistake and become better at posting in the future. The moderators are not here to be spiteful and just want us to learn from our mistakes. This is why the warning points tend to have an expiration date, because it is for you to learn and move forward and not constantly hang over your head in this forum. so continue to post and learn from our mistakes moving forward! All the best!