Why cryptocurrency ban will be a bad idea? | Twitter new policy for Trollers | Can online gaming also be banned in India?

The Indian government has recently announced that it will ban all private cryptocurrencies. There will be some exceptions, but not many. This is a very important decision for India and other countries that have private cryptocurrencies. The government of India will also have its own digital currency in which they will be launching soon. This blog will give you a broader view of the government of India's decision on cryptocurrencies and the impact it will have on the cryptocurrency market.

What is Cryptocurrency? | What is Bitcoin? | Shall I invest?

According to the industry body, the Blockchain and Crypto Assets Council (BACC), 15 and 20 million people in Asia's third-largest economy are estimated to own cryptocurrencies. Prime Minister Mr. Narendra Modi said last week that cryptocurrencies could "spoil our youth" and the RBI has repeatedly warned they could pose "serious concerns on macroeconomic and financial stability”. So, it should be regulating the cryptocurrency and try to tax it. To save people money from hackers. The government needs to regulate the 16 exchanges like BSE, NSE, IEX, etc.

What is Cryptocurrency Bill 2021 ? 

On Tuesday, a parliamentary bulletin listing upcoming legislation included one paragraph on "The Cryptocurrency and Regulation of Official Digital Currency Bill that will be introduced in its winter session 2021".

"To create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India.” While the description of the bill has remained the same, the exact differences have yet to be confirmed because the latest draft is not yet publicly available.

What will be the impact on Indian share markets?

Cryptocurrency prices dropped on Indian exchanges after the decision on the bill's announced. Bitcoin fell more than 13% on the Indian exchange site WazirX, while Shiba Inu and Dogecoin both dropped more than 15%.

Why was India's cryptocurrency bill not taken up in the winter session of Parliament?

No bill against cryptocurrency was introduced in the session. Even before the start of the session, it was informed to you that the government had made all the preparations to bring the bill. The name of the bill and its main points were also told why the sudden change of government?

Why the cryptocurrency bill did not come to Parliament?, because it was believed that the government would bring the bill in this session. Does the government want to make any concrete plan for the investors?

Instead of bringing a bill on cryptocurrency, why did the central government postpone it within a month? 

In fact, the government's draft on the cryptocurrency itself is not completely ready yet. But it is certain that the government is going to make a provision to stop all private cryptocurrency. A big minister of the government told that the government will regulate the currency, for this, it is being considered to form a regulatory authority. The government wants to launch a central bank digital currency. The government also wants to know the regulations of other countries regarding crypto. 

Prime Minister Narendra Modi is in favor of an international consensus on the real counterfeit currency. The Prime Minister has also mentioned this in international forums, but before reaching any conclusion, the government wants to reach such a formula where investors will suffer. It is estimated that 100 million people have invested in cryptocurrency in India. Companies in the crypto sector have raised 2 lakh 27 thousand crores, which is the biggest collection ever.

People sitting at home invested lakhs of crores of rupees in cryptocurrency. Now any step of the government will directly affect the investment of lakhs of crores of people. Any move of India will have worldwide effects, whatever those effects maybe, but with the help of safeguarding the interests of the citizens of India, the central government is taking steps with full force. Stay connected for more updates.

Twitter will remove any private information of the users shared on Twitter without their consent. Know why Twitter took such a step?

Twitter new policy for Trollers: 

Have you ever tried to share a private photo of someone with their permission, only to be shut down by Twitter? Do you know someone who has experienced this issue? 

Then this is the article for you. In recent years Twitter has been enforcing a more strict policy on accepting photos and information without an individual's consent. It doesn't matter if it's a friend or even your boss; sending out private information and photos without permission can get your account suspended.

Luckily there are still ways that people can share personal pictures to avoid being blocked by Twitter. Companies like Instagram have made it easier for people by allowing them to tag friends in their posts, which is not allowed on Twitter. It is also possible to set up a Twitter account for a business which will allow people to tag the business in posts. While this option is not perfect, it does make sharing images more convenient for both business managers and clients.

Finding out if you're affected by this issue depends on where you are located. Due to the way Twitter evaluates its policies, no matter where you are you can be affected by their new rules. The only way to avoid an account suspension is to completely follow their policies.

Twitter's new policy was put in place to protect its users against harassment and unwanted attention. While it can be frustrating not being able to share information that you think is necessary, Twitter believes that the consequences are worth it. Although they have been releasing statements assuring users that they will not be banned for following this policy, it remains unclear how strictly Twitter will enforce this rule.

The following are examples of content that allegedly violated Twitter's Privacy Information Policy:

• Address details
• Identity details
• Contact Information
• Biometric details
• Financial details
• Any other media of the person

The following will also not be tolerated:

• Threat to the users.
• Sharing information that can misuse others’ accounts.
• Asking or offering a financial reward to gain access to someone else's private information.

Conclusion:

As a result, Twitter will remove content that is reported as abusive if a user reports it. It has been clarified that people can share photos of celebrities, artists, and newsworthy content on Twitter. Only malicious content will be removed. Twitter is committed to making the platform safe for every user. 

The removal of private information will make the platform more secure against malignant use. This year, Twitter has already launched several updates and made many changes. In the coming days, more updates will also be released by the company. Do share this article with your family and friends if you find it interesting.

Will India regulate online gaming? | Can online gaming also be banned in India?

Online gaming is also banned just like cryptocurrency in India. The 36-crore user in India for online gaming. The online gaming issue will be discussed in the parliament in India. Mr. Sushil Kumar Modi raised the issue of online gaming which is become a big problem for youngsters in this country and crores of youngsters become addicted to this online gaming. 

Because of this online gaming, it’s very difficult to prevent kids from online gaming. And now online gaming is converted into gambling and bating and it’s a controversy whether it is a game of skill or a game of charge.

Regulation & Tax for Online Gaming: Gambling, Betting and Fantasy Sports - Are they Legal in India?

It’s a big addiction, so some regulation is required in this sector just like a cryptocurrency. They appeal to govt. of India to make the regulation and uniform tax on online gaming. The parents are worried about their kids for online gaming.

Online Gaming Industry in India, Net worth of Online Gaming:

The business of online gaming in the year 2016 is 4000 crores in India and now it is 7500 crores and the market of online gaming is growing with 18% growth in India. For this speed, the market of online gaming is 15000 crores till the year 2023.

The users of online gaming are greater than cryptocurrency investors. But there are no rules and no tax of money which is used in online gaming in India.

Business of Online Gaming:

In online gaming, money is used for three types like registration fees, where companies give the tax to govt. and second is the pool of the prize money I.e. the people who invest the money and who will win the game received all amount of prize money and there is no tax on this money.

And the third one is the advertisement of this site they earn the money from the advertisement. As per reports, now govt. takes the single tax from an online gaming site. There are two different types of tax on different types of games like an 18% tax on the skill-based game and 28% try his luck like Ludo, poker, and rummy.

Do Youngsters Require Protection?

But here the problem is the addiction to online gaming in youngsters. As per last year's survey reports in India, 65% of below 20-Year-old kids are addicted to online gaming. They quit eating, drinking for gaming and stole the money of his parents for online gaming. It's not in India also in Britain the kids stole the money around 1130 crore for online gaming.

Recently China implement the rule for online gaming to save kids below 19 years to play the game for only 3 hours in one week.

So, which type of India do you want, on one side the U.S, Europe Canada has no limitation for online gaming, or do you want to like China with strict gaming rules? Please comment your opinion on our website www.tradeipohub.co.in. Thanks