Thread by @tanvi_ratna

🚨#India #Crypto #ban #regulation🚨THREAD:

Imp pts for every observer in India/abroad in short clips:

Part 1 - Analyzing Leaked docs

1. Pg cites fine or 1-10 yrs for SPECIFIC activities
2. No definitions! Draft clearly not ready for legislation (1/n)

Part 2 - Understand the policy process

1. Draft doesnt = ban, until it clears Finance Minister & Parliament vote.

2. Public consultation NOT mandatory. Ask for it.

3. WRITE (>tweet) to folks mentioned in the vid

#India #Crypto #ban #regulation (2/n)

Part 3: Understand the existing baseline in India

Esp intl folks @PeterMcCormack

- Instant payments/settlement already exist
- Free/mobile banking already exist
- Crypto must solve the right probs from a govts perspective

#India #Crypto #ban #regulation

@PeterMcCormack Pls RT and help end the FUD @NischalShetty @RahulSanghi1 @ThatNaimish @joel_john95 @murali_anand @NilChristopher @Anandi_ET @howdy_akshay @dgwbirch @finhstamsterdam @msantoriESQ @nikhileshde @AaronWStanley