At last some credible organization agrees with Naavi that Crypto currencies have to be out right banned

Over the last several years, Naavi’s has been the sole voice that Crypto Currencies need to be banned outright.

But the corrupt lobby everywhere have been advancing different arguments including the importance of Block chain as a technology, collection of Income Tax revenue, acceptance by other countries etc to justify the Crypto Currency as against the unequivocal stand taken by Naavi that Private Crypto Currencies are the currency of the Corrupt, Criminals and Terrorists and need to be banned to save the country.

Naavi.org has hosted articles and sent individual appeals to all relevant persons in India including the Prime Minister Mr Modi, Home Minister Mr Amit Shah, Finance Ministers Nirmala Sitharaman, the late Arun Jaitely, the RBI Governor, SEBI Chairman, the BJP as a party, the RSS, Swadeshi Jagran Manch and individual ministers such as Ravi Shankar Prasad, Ashwini Vaishnav , Rajeev Chandrashekar, Secretaries of Meity, Home Ministry, law Ministry, MPs like Tejasvi Surya, Smrithi Irani, Piyush Goyal, Adityanath Yogi, Journalists lime Arnab Goswami, Sucheta Dalal, Mohan Das Pai, the functionaries of RSS such as Mohan Bhagwat, S Gurumurthy and others whom I must have forgotten. Many of these people have been approached multiple times, some times through E Mails, some times through teasing articles, Tweets, Koos, etc. Even the judges of the Supreme Court were several times alerted that they had failed in their duty to protect the Country.

However, so far no body had responded positively while the Bitcoin lobby was mounting its pressure. It appeared that the power of Black Money and corruption was overwhelming even for Mr Modi.

RBI was effectively silenced by the Supreme Court with the “Bollywood Judgement” and though Mr Shaktikant Das made an attempt to lodge his protest, he appeared to be ignored by the Finance Ministry.

As a result of this apathy or tacit support, Bitcoin lobby continued its intense marketing. The recent IPL had full full of Bitcoin Advertisements and a few days back in Bangalore, even the news paper inserts were found to promote Bitcoins as shown below.

It appeared that the whole country had surrendered to the power of corruption and we had lost the fight against Bitcoin.

However, yesterday we had some good news where the Swadesh Jagran Manch came up with a resolution calling for a total ban on Private Crypto Currencies.

I am not sure if the views expressed by Swadeshi Jagran Manch will be respected by Mrs Nirmala Sitharaman and her team who are hell bent on providing some scope for Private Crypto Currencies to exist and grow in India so that the loss of Swiss Bank accounts and the demonetization donot hinder the progress of Black money in India. The tentacles of Black money lead by Crypto Currencies is so large that even the Joint Parliamentary Committee on Personal Data Protection Bill 2019 had inserted a suggestion aimed at legitimizing the Crypto Currency by recognizing Ripple Exchange to replace SWIFT for international fund transfers.

We can give a benefit of doubt to the JPC that they did not realise the import of their suggestion but we know that a few years back SEBI had actively canvassed for recognition of Bitcoins and people who plant such ideas in the bureaucracy must be present in different departments of the Government and perhaps even in the PMO.

It is therefore a welcome sign that there is at least one organization in India in the form of Swadesh Jagran Manch which has taken up the responsibility to open the eyes of the Government of Modi to take immediate steps to ban Crypto Currencies.

I would appreciate an immediate ordinance in this regard to be followed up by a Bill in the Budget session.

Hope Madam Nirmala Sitharaman is listening.

Naavi