"Blockchain is revolutionising the way the financial world operates, with many positive benefits for society and organisations across the world and I have a feeling India will reverse their decision soon just like South Korea recently did. "Blockchain technology, which is decentralised is a large and complex entity, which cannot be tamed by the actions of individual countries or single organisations, as we saw with Facebook banning Cryptocurrency adverts earlier this week. "A ban is unlikely to decrease the speed at which digital currency is moving, given the unprecedented growth in other countries, who currently show no signs of going down the same path as India.
He told .uk: "With cryptocurrencies and blockchain technology going from strength to strength despite the volatile market conditions, I feel India’s threat to ban cryptocurrency will not have the devastating effects that some people are suggesting. However cryptocurrency investor and influencer Oliver Isaacs said he was not convinced the so-called ban would have an effect on markets. “We have to wait for clarification on what the Finance Minister meant when he mentioned payment system.” Helping users learn to trade, make passive income, and get paid in Bitcoin, the nearly 500K subscribers get a front seat to Lark’s expert methods. Can an individual swap cryptocurrency for another cryptocurrency? Hosted by New Zealand-based crypto sensation, Lark Davis, this YouTube channel offers a good mix of insight and advice. “There is a little subjectivity on the matter. “Similarly, gold is not part of a payment system, but people still barter assets like gold for goods, as long as both parties record the transaction. “What the Finance Minister might be saying is that cryptocurrency is not considered to be a part of these payment systems. Noticeably, there is less technical analysis that is provided by Yo Crypto, so keep that in mind. Making them a solid pick for members looking to generate more returns on their funds. In recent times, digital wallets and other payment mechanisms have been added to the entire scenario. Yo Crypto is one of the more solid groups that are often consistently producing a return for their members. In an interview with Your Story, he said: “The payments system includes a lot of things like the settlement mechanism, and the banking system.
Mr Khurana argued that cryptocurrencies will not be banned, but they won’t be part of the “payment system” in India. Ajeet Khurana, head of the Blockchain and Cryptocurrency Committee of India (BACC), tried to clarify a statement made by the Indian Finance Minister that seemed to suggest India would “eliminate” cryptocurrencies.
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