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1/ Why India
has to embrace #crypto now? There seems to be no other choice left.
So much development has taken place globally that it is almost impossible for India to ignore.
Our country is standing at a very important juncture.
#IndiaDeservesCrypto
has to embrace #crypto now? There seems to be no other choice left. So much development has taken place globally that it is almost impossible for India to ignore.
Our country is standing at a very important juncture.
#IndiaDeservesCrypto
China
state-backed #Blockchain is integrating with 6 public blockchains.
Now just imagine anyone from anywhere will be able to build apps and run nodes using data storage and bandwidth from BSN’s overseas data centers.
wants to be the only infra provider to all the firms.
state-backed #Blockchain is integrating with 6 public blockchains.Now just imagine anyone from anywhere will be able to build apps and run nodes using data storage and bandwidth from BSN’s overseas data centers.
wants to be the only infra provider to all the firms.
To add on to this we all know that controls more than half of the world’s Bitcoin mining operations — upward of 65% of the computing power to mine #Bitcoin 
. No other country is anywhere near that number.
India has not even thought about it.
controls more than half of the world’s Bitcoin mining operations — upward of 65% of the computing power to mine #Bitcoin . No other country is anywhere near that number.India has not even thought about it.
Iran has recently approved a law where anyone can set up crypto #mining farms in the country.Iran will give a 47% subsidy on electricity. Oil prices have taken a hit globally and Iran knows it that it needs to open up for other growing sectors.
South Korea has defined income tax, they know it is a great time to generate a revenue stream.Simple slabs for income through #crypto trading:
More $2000 income a year: pay 20% tax as capital gains.
Less than $2000: Zero Tax.
Simple!
In Malaysia: 60% population is Muslims.Sharia law in Malaysia has allowed #crypto trading and considered it to be Halal (religiously acceptable according to Muslim law.)
Russia
has taken a "U-Turn".
They just passed a crypto bill after three rounds of reading. To be effective Jan-2021.
Originally proposed bill: 7-year jail and $7000 fine for holding crypto.
Finally, they allowed #Crypto trading only to ban usage as a medium of exchange.
has taken a "U-Turn". They just passed a crypto bill after three rounds of reading. To be effective Jan-2021.
Originally proposed bill: 7-year jail and $7000 fine for holding crypto.
Finally, they allowed #Crypto trading only to ban usage as a medium of exchange.
In the USA 
the Banking Regulator allowed all the chartered banks and financial institutions to offer crypto #custodial services.
Banks are bleeding, people are not buying mutual funds, stocks, and bonds.
People are buying Gold & #BTC . Let's be an intermediary and earn!
the Banking Regulator allowed all the chartered banks and financial institutions to offer crypto #custodial services.Banks are bleeding, people are not buying mutual funds, stocks, and bonds.
People are buying Gold & #BTC
. Let's be an intermediary and earn!
In 
one of the top-5 banks in the country adopted crypto custodial services and in 3 months their profits shot by 30%.
Things are working that means!
one of the top-5 banks in the country adopted crypto custodial services and in 3 months their profits shot by 30%.Things are working that means!
India is a "talent-hub" of the world. Most of the blockchain and #crypto companies are being run on the technical expertise provided by Indians.
They are either working for someone else or running their own start-up by registering outside India.
#IndiaDeservesCrypto
They are either working for someone else or running their own start-up by registering outside India.
#IndiaDeservesCrypto
20% #crypto community in India is looking for a career in crypto. With millions of job losses due to #COVIDー19 , India can take advantage of crypto space by allowing the industry to mushroom in a controlled environment.
#IndiaDeservesCrypto
#IndiaDeservesCrypto
