#india

Watch Me On National TV Discussing The Proposed Indian Crypto Ban Bill!

I was in the news yesterday as I was invited by "India Ahead News" for being an early adopter to cryptocurrencies in India. It is an English mainstream news channel with a nationwide presence. I was there along with renowned cyber law expert from India Mr. Pawan Duggal to discuss the "proposed" nonsensical crypto ban bill that's caused some unnecessary panic in the cryptocurrency-blockchain tech sector in the country.

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This is somewhat last minute and I had some issues with my mic, as I was doing this over Skype. So you might want to turn up the audio on your devices to hear me clearly. This was a first on TV and I hope I can share more information with a wider audience similarly in the the future.

Btw, if you pay close attention to my jacket you might just spot the Steem pin on me! ;) I couldn't speak about Steem in this one but this is the least I could do for our community here. This is also the first time that anything Steem is on national tv in India.

In the past my meetups and articles have appeared in top media newspapers and online editions when they were somewhat enthusiastic about covering the emerging crypto market in India. I hope that happens again!

If you have any questions about this new confusion in crypto space in India please feel free to ask me in the comments below and please share this around so that people are not unnecessarily worried about a crypto ban in India which is nearly impossible to execute for the government.

If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:

Follow Me: @firepower

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Comments · 38

@zedsteem(25)· 2627d
It's refreshing to see a cyber law expert with an open mind on cryptocurrencies. Those in authorities should listen to this guy! If in case this bill ever becomes a law, expect the crypto community in India to go for privacy coins like the zcash, monero, pivx, veil. Thanks for this post by the way.
@blog-beginner(57)· 2628d
I am just too relieved to have you as a crypto investor. I look up to you for guiding us in this crypto world. You are truly a role model leading the community wisely.

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@madhusmart(45)· 2629d
Will they ban in india permanently? @firepower

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@hungryharish(67)· 2629d
Wow, that's superb bro. You are not only leader here for Indian community, happy to see also became face of crypto on national media. Hope the noise around the bill soon cleared up.
@ayushjalan(66)· 2630d
I love how both of you guys were able to send the right message across. Like Pavan said, banning crypto will indeed set India way behind.

But what I don't understand is the need to ban crypto in the first place. Does the government fear that the national currency will be overruled? I know crypto is used for illegal purposes too, but so are drugs and medicines. The best way to stop illegal activities isn't to ban the thing entirely, but to participate and regulate those activities.

I hope this news doesn't become a reality. Would certainly be a big downfall for our country.
@rahul.stan(65)· 2630d
I almost expected the 'expert' to be negative. Glad to see positive response.
@oracle-d(71)· 2630d
Great job @firepower for backing up the community. Hope they don't put you behind bars for this. :P For the Steem Pin. ;) Cheers!
@mgibson(69)· 2630d
Glade to see you on news channel. However, we are waiting for government decision. Banning the use of cryptocurrency in India will be a large setback for Indians.
@alokkumar121(82)· 2631d
I noticed that STEEM pin and glad to see that you're promoting STEEM silently and about the roumour, I am pretty sure that it's a fud news. I don't rely on Indian media for any crytpo news. I will trust it only when any official govt body shares the update. Thanks for your efforts @firepower appreciate it.

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@arcange(79)· 2631d
Congratulations @firepower! Your post was mentioned in the Steem Hit Parade in the following categories:
- Comments - Ranked 8 with 43 comments
- Pending payout - Ranked 6 with $ 170,31
@sauravrungta(78)· 2631d
Great job man! We need some positivity in the space and you and that lawyer sure did a good job delivering it :)
@greyjay265(59)· 2631d
Awesome interview!
@yurelx(42)· 2631d
Crypto is definitely the money of the future. Rather than banning it, it is smarter to impose regulations to check the illegal activities around it. With banning crypto India will experience nothing but a greater brain drain.
@hardenjames(26)· 2631d
This will enlighten us not just the India community, still keep us posted.
@videoaddiction(72)· 2631d
Why India banned crytpo currency? Great that you represented Steem on the media with a pin!

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@rogerloren(55)· 2631d
Proud of you, bro!

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@pardeepkumar(56)· 2631d
Good work dear, keep sharing such updates .
@patinez(41)· 2631d
the national banks are the coin-setters and generators of the FIAT coins, these coins are used by the governments of turn as methods of containment, both of the population and of the economy, study the current case of the Venezuelan economy, not all that It is done is bad. but all governments are afraid to openly allow cryptocurrencies, because they would be losing one of the best means of controlling the territory and therefore of sovereignty. Vista this last and without updating from the time of the conquest or invasion of the American continent.
@kingscrown(82)· 2631d
amazing, congrats1
@sergiomendes(77)· 2631d
ehehe all fancy :D awesome job :D
@sergiomendes(77)· 2631d
ehehe all fancy :D awesome job :D
@nancymoral(48)· 2632d
So this makes it more unique!
@gabi-dumitriu(58)· 2632d
Interesting interview. I have been taking a long time break from steem, after I lost~5400 Steem. Now I am back, trying to keep up with the people I follow:) Here in Romania, the Gov just passed a bill saying that all profit from selling cryptocurrencies will be taxed with 10%. I think that the majority of countries are just scared of what Bitcoin can do, and also the transparency it brings. I don't think they are so interested in protecting us. They are scared that if system like Bitcoin is introduced, the corrupt people will be unable to steal that much money out of our pockets. But this is just me... :)
@the-alien(74)· 2632d
Congratulations man!

Well done! :)
@aishwarya(77)· 2632d
Congratulations once again! It's great to see you shedding some light on this issue where/when most required.
@syedumair(73)· 2632d
Good to see you cleared the air with that awesome lawyer. Most of the Indians have a tendency to panic in these kinds of situations without getting into the depth of the things. You mentioned that it is not certain yet that if it is a public or a private bill - if it is a private bill, there are 99% chances of it not being passed. Only 14 private bills have been passed since India became independent and the last one to be passed was way back in 1970. Also, even if the bill is passed (worst case scenario), it won't be easy to implement.
@vedicsamurai(64)· 2632d
Last two days a few people on Twitter are saying that the news maybe planted by the Government itself to test reaction of people. There is this other news doing the rounds that a new 2.5-5% tax will be introduced for a cumulative withdrawal of Rs 10 lakh or more in cash from your bank account.

Now I don't know how much of it is true but I hope for once that better sense prevails and this don't ban cryptos.
@karinxxl(76)· 2632d
Super cool to get you on TV there dude...

yeah the beginning failed a bit but you clearly delivered the message

sucks on how the situation is now still dude, but kudos for talking positive about it!
@videosteemit(62)· 2632d
Steem pin alone deserves my upvote! :)

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@starkerz(73)· 2632d
Great advocate for crypto in India! I hope you are able to cope with the situation if it intensifies. Will be interesting to hear what steps you are taking to protect yourself against oppressive laws such as these.
@itstime(61)· 2632d
Nicely done..
@sumit71428(70)· 2632d
That's really good yo see brother that the people like you those who know lots of things about the blockchain spreading it all the way to people of India hope so everything gets better and we get everything according to law.

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@vibesforlife(65)· 2632d
Oh should we worry? Would the jail punishment rule become effective, what are your views?
@nathanpieters(63)· 2632d
The bourgeoisie wants to keep you poor.

Good luck to you.

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@xyzashu(75)· 2632d
Great job! You along with Pavan Duggal got a good air time to present your views to all the audience of this channel. And you did succeed in it!
@tamsguitar(67)· 2632d
Awesome! man. Feeling Proud. I will checkout the video post work. Cheers!
@nainaztengra(82)· 2632d
First of all Congratulations. I hope there are positive developments for the Indian Crypto users that will be in best interest of all.
@destinysaid(67)· 2632d
Congrats! I still find it odd that India refuses to accept crypto and are instead going the route of digital rupees.

Does it have anything to do with h fear of losing control of money flow or something?

Imma download the video and watch later