Crypto-semantics in India.

 In this post, we talk about crypto-semantics in India.

which is full of fear, uncertainty, and doubt.

Let's clear this up.

First thing, India does not ban cryptocurrency and the Indian government regulates cryptocurrency. And this regulation is good for crypto users.

How this is good for crypto users

The Indian government wants to stop the scams that are happening in India by regulating.

Second, in cryptocurrency, the transaction data is not available because of unethical practices like money laundering and terror funding going on, and to stop this, the government wants to regulate the cryptocurrency.

Now one question occurs 

Is it possible to control free-flowing cryptocurrency? And if it is happening,

Is that not the nature of cryptocurrencies? 

Is this regulation good for nothing? 

So the first thing is how the government regulates cryptocurrency. So, first and foremost, the Indian government regards crypto as a crypto asset, which means you cannot use it for a transaction or as a currency, but you can invest in it as a crypto asset, which is regulated by the government.

Like other assets managed by the government, like stocks, cryptocurrencies will also be regulated like this.

And the Indian government wants to protect its citizens, which is why this regulation is important, and we can see that many people are unsure whether cryptocurrency should be banned.

This thing is also clear now.

Because of this clarity, we can see more investors in crypto and education investors also. Because of this, your portfolio grows more.

And the regulation news coming that the Indian government only allows Indian crypto exchanges means you can not invest in any foreign crypto exchange and you cannot have a personal key. This could be a bad regulation.

Because in the cryptocurrency world, there is a saying, "If it's not your key, then it's not your crypto." It means if you are not holding your crypto-wallet key, then it is not yours. 

The exchange's wallet we use, which is provided by exchanges that are on the cloud, and that's not your personalised wallet If the personalised exchange gets hacked, then your portfolio is wiped out, so that's not safe. That's why people who are more crypto enthusiasts prefer personal wallets like the Metamask wallet.

According to the upcoming crypto regulation, you are not permitted to have any individual wallet. If you have any personal wallet after the regulations, you may go to prison and also have to pay a very high fee. In actuality, the regulation is known after the crypto bill, so we have to wait for it.

I have one request to all: do not believe the fake news on crypto. Because there are many crypto channels out there, they try to tell people who invest in crypto they lost their money. I'll say it again: the technology in front of us is incredible.

We cannot ignore this. Ignoring this technology is impossible. Those who are going to ignore this technology are going to lose.

You can see that many great projects are coming, and that is something no one can ignore. If they do, then it is negative.

After this crypto bill, the Indian crypto scene will look bright because we all have doubts and uncertainties that will be cleared, and after this, more people will come and invest in crypto.

And your and my portfolio grow 

That's all for today.

We will meet in the next post.

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