Report: India Considers Complete Ban on Digital Currencies
A draft bill that would outright ban #cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25.
An official familiar with the matter reportedly told the Economic Times that the government has begun inter-ministerial consultations on the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019" draft bill.
A committee consisting of the Department of Economic Affairs (DEA), the Central Board of Direct Taxes (CBDT), the Central Board of Indirect Taxes and Customs (CBIC) and the Investor Education and Protection Fund Authority (IEPFA), among others, has reportedly supported the idea to completely ban the “sale, purchase and issuance of all types of cryptocurrency.” The committee is reportedly also considering an option to ban digital #currency under the Prevention of Money Laundering Act (PMLA) since it could purportedly be used for money laundering. The Ministry of Corporate Affairs reportedly stated that cryptocurrencies are used in fraudulent schemes to “defraud gullible investors”. The Economics Times’ report runs contrary to reports from December, which stated that a different governmental committee suggested that cryptocurrencies should be legalized in the country, and stressed that there is a general consensus that cryptocurrency cannot be dismissed as completely #illegal.
In February, the Supreme Court of India granted four weeks to Indian authorities to come up with cryptocurrency regulation policies, before the #Court would stop hearing crypto-related cases, including parties who demand to reverse the crypto circular released by the Reserve Bank of #India.
That same month, a panel led by Indian Economic Affairs Secretary released a report raising concerns about the impact of cryptocurrencies on the local fiat currency in the case of crypto being adopted for #payments.
The mind is like water. When it is agitated, it is difficult to see. When it is calm, everything appears clear.
What do you see in this photo?
I see the best girl with the most wonderful smile in the world having fun in complete serenity. What were you thinking at that moment? At everything and nothing. You were only realizing how fun it was to go to the surf board by the sea. You were competing, playing, joking, with your friend. Even if you wanted to win, for you at that time it was not an obsession to win and you didn't think about defeat; for you, fun was a priority at that time. At that moment, you did not feel what the others said; you weren't distracted by the voices and looks of others. You heard the sound of voices, of the sea; you knew that others looked at you. But this did not detract from your serenity. You were focused only on having fun. You were on that surf board. You were not afraid of falling into the water; indeed, you rode the waves. You put your trust in that surf board. The waves tried to carry you. You, with your surf board, have not resisted the waves, but you have used them.
Do you understeand what I want to mean?
A serene mind is not focused on winning or losing, but on playing. Therefore it is not disturbed from the outside, but puts its trust in itself.
Only with this mental condition, the right preparation and mental attitude can you show to be the Tennis Tiger and you will be able to manifest energy, strength, determination, skill that are within you @geniebouchard ❤