0
0
0
0
830 days ago, WazirX CEO Nischal Shetty started a campaign to give legal status to crypto in India called India Wants Crypto. Today this campaign has become a campaign for the entire crypto community, in the meantime, many such campaigns came and closed This is due to the emotional engagement of the crypto community with India Wants Crypto and the selfless gesture of running this campaign. Taking this campaign one step further to all the Parliament members of the country since last week about crypto Email campaign has started to make the right law. Under India wants crypto net, political people are being made aware by email from Kashmir to Kanyakumari and till now thousands of emails have gone to these leaders. In the map below you can see the record of the emails sent.
Even today, Nischal has tweeted that ” Crypto has given Indians a chance to participate in global renewal. We have a young and talented population who can participate and win in it. It’s time to make sure. That your leaders understand the need for crypto by you. Email your MP ”.
People have become more emotionally involved with INDIA WANTS CRYPTO whenever there has been any legal problem related to crypto in India. This has also happened this time where the crypto community has sent thousands of emails in just a few hours. It is said that in order to reach this email in the language of the country’s leaders, WazirX has got this email translated into many languages.
Its translation into the Hindi language is as follows:
Request for a positive act on the cryptocurrency market in India.
Respected Mr./Mrs. Sir,
I am writing this email after learning that the ‘Government of India has decided to bring Act Bill 2021 on cryptocurrency’.
I would like to express my happiness at this step of identifying and enacting cryptocurrency in India. However, this happiness is a bit less as the said bill will ban private cryptocurrency in India. This statement shows that there is little understanding of cryptocurrency.
Let me also clarify a myth: Cryptocurrency is not here to replace INR or USD. They are digital commodities, such as gold and silver.
In addition, popular cryptos such as Bitcoin and Ethereum are not private. They have no company, no CEO, and no jurisdiction. It is a misconception that the RBI removes the need for other cryptocurrencies to create its own cryptocurrency. Existing cryptocurrencies such as Bitcoin, Ether, etc. have their own specific uses. Each blockchain requires its own basic token to operate. In such cases, INR cannot be used.
The bill also needs to keep in mind that cryptocurrency is legal and regulated in the US, European Union, Japan, Australia, China, and every major country in the world. These countries are working on positive rules.
The Honorable Parliament should also be aware that the Financial Action Task Force (FATF) and the G-20, both global bodies of which India is also a part, have also issued their own guidelines on how countries should regulate crypto.
The question is whether India wants to become the only democracy in the world to ban crypto against the G20 guidelines?
India’s crypto industry has a thriving base for:
1. 10-20 million crypto users
2. 340 crypto start-ups offering crypto products and services.
3. 50,000 direct and indirect employees
4. Millions of dollars in venture capital funding
It is a trillion-dollar global industry with Elon Musk, PayPal, New York Stock Exchange, Blackrock, JP. Players like Morgan participate. Crypto is seen as the biggest technological revolution since the advent of the internet. I am requested to make informed decisions keeping in mind the information that has been given.
Therefore, I have anticipated your support to call in government for positive and progressive cryptocurrency regulation in India.
Also read: Luxury Home: A Significant Investment for Life
Ajaz Yunus Patel is a cricketer born in Mumbai, India, on October 21, 1988. He…
Ajaz Patel, the skilled left-arm spinner from New Zealand, gained international attention in 2021 when…
Are you dealing with an unusual headache? It could be a cervical or cervicogenic headache.…
In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…
Nimrat Kaur is an Indian actress celebrated for her contributions to Hindi cinema and American…
Grey divorce refers to the increasing trend of couples aged 50 and older choosing to…