Us Bank Loss Draft Department: Fill & Download for Free

GET FORM

Download the form

How to Edit Your Us Bank Loss Draft Department Online Lightning Fast

Follow these steps to get your Us Bank Loss Draft Department edited with accuracy and agility:

  • Click the Get Form button on this page.
  • You will be forwarded to our PDF editor.
  • Try to edit your document, like adding date, adding new images, and other tools in the top toolbar.
  • Hit the Download button and download your all-set document for the signing purpose.
Get Form

Download the form

We Are Proud of Letting You Edit Us Bank Loss Draft Department Seamlessly

Get Our Best PDF Editor for Us Bank Loss Draft Department

Get Form

Download the form

How to Edit Your Us Bank Loss Draft Department Online

When dealing with a form, you may need to add text, Add the date, and do other editing. CocoDoc makes it very easy to edit your form with just a few clicks. Let's see how this works.

  • Click the Get Form button on this page.
  • You will be forwarded to CocoDoc PDF editor web app.
  • In the the editor window, click the tool icon in the top toolbar to edit your form, like signing and erasing.
  • To add date, click the Date icon, hold and drag the generated date to the field to fill out.
  • Change the default date by modifying the date as needed in the box.
  • Click OK to ensure you successfully add a date and click the Download button once the form is ready.

How to Edit Text for Your Us Bank Loss Draft Department with Adobe DC on Windows

Adobe DC on Windows is a must-have tool to edit your file on a PC. This is especially useful when you do the task about file edit offline. So, let'get started.

  • Click and open the Adobe DC app on Windows.
  • Find and click the Edit PDF tool.
  • Click the Select a File button and select a file to be edited.
  • Click a text box to modify the text font, size, and other formats.
  • Select File > Save or File > Save As to keep your change updated for Us Bank Loss Draft Department.

How to Edit Your Us Bank Loss Draft Department With Adobe Dc on Mac

  • Browser through a form and Open it with the Adobe DC for Mac.
  • Navigate to and click Edit PDF from the right position.
  • Edit your form as needed by selecting the tool from the top toolbar.
  • Click the Fill & Sign tool and select the Sign icon in the top toolbar to make a signature for the signing purpose.
  • Select File > Save to save all the changes.

How to Edit your Us Bank Loss Draft Department from G Suite with CocoDoc

Like using G Suite for your work to finish a form? You can integrate your PDF editing work in Google Drive with CocoDoc, so you can fill out your PDF without Leaving The Platform.

  • Integrate CocoDoc for Google Drive add-on.
  • Find the file needed to edit in your Drive and right click it and select Open With.
  • Select the CocoDoc PDF option, and allow your Google account to integrate into CocoDoc in the popup windows.
  • Choose the PDF Editor option to move forward with next step.
  • Click the tool in the top toolbar to edit your Us Bank Loss Draft Department on the applicable location, like signing and adding text.
  • Click the Download button to keep the updated copy of the form.

PDF Editor FAQ

How does the United States win a trade war with China?

Can the U.S. "win" a trade war with China?A lose-lose outcome is already written in the card. The only question is who will do “stop-loss” better than the other one. There will not be a “winner”. The question is not about “winning” anymore, but who will “survive” better after this “trade war”.I will also venture to say that there’s NOT going to be a trade deal between the US and China this year, or next year. The public tantrum by the Trump/Lighthizer team on May 7, the immediate tariff-raising on May 10, and the Chinese reaction to it, has COMPLETELY CHANGED the range of possible outcomes.China backtracking on trade deal, says USI wrote, on May 15, that it appeared the Chinese government had reached the conclusion that fighting a trade war would be better than any deals they could get from President Trump. Robin Daverman's answer to How will the current trade war between the U.S. and China end, if China won't concede? What's your opinion? Then on May 28, South China Morning Post revealed thatAt a meeting on May 13, Xi canvassed the other 24 Politburo members for their views on the latest US demands. The Politburo overwhelmingly decided that the Americans had gone too far and that China should put its foot down, according to a source.Source: Was this the moment US-China trade talks fell apart?So I was right, two weeks before any public report on this, and the root cause of this whole clusterf*ck is that people have been drinking their own kool-aid, when the FACT is - that the US President is more of a dictator than people think, and the Chinese President is less of a dictator than people think.The Chinese negotiation team approached the US party with the underlying assumption that there is a representative team behind President Trump, representing the general interest of the American People. It turned out that President Trump can do whatever he wants, when he wants it, and none of those who benefit from trade with China can do anything to defend their own interest. Ford and GM sell more cars in China than in the US, 30% of Boeing’s market is in China, tech industry get their cheap manufacturing in China, the biggest US agriculture export market is China, almost all US drug companies get their APIs from China, a third of fee-paying international students come from China - and nobody can do anything. The US Constitution gives the President full power to set tariffs, sanction another country, and invoke “national emergency” for literally anything. I run out of toilet paper. It’s all Huawei’s fault. Sanction Huawei! Bomb Venezuela! Just like that. The Chinese did not understand this US Constitutional Power.At the same time, the US team also approached the Chinese side with the assumption that President Xi is the dictator of China who can do any deal. This is not true either. Xi has far less dictatorial authority than Trump. He is the most senior employee of the CCP and the Chinese Government. The most senior, yes, but still an employee at the end of the day. He can do nothing without the full approval of the Politburo. This is in the Chinese Constitution. President Trump can fire anybody in his Cabinet, and he has fired numerous people from his Cabinet. How many people has Xi fired from the Politburo? ZERO, because each and everyone of them was elected into the Politburo on his own ticket. They are colleagues of Xi, not his subordinates.So you need to appreciate what it means when Xi went before the full Politburo on May 13. All the way until then, the negotiation was basically ran by the Chinese Department of Commerce. After the twitter storm on May 7th, and the tariff action on May 10, Xi had to give an account in the full Politburo, which includes those who represented all 34 province-level geographic regions, the People’s Congress, the Court, the Military, the Health system, the Education system, the Chinese Academy of Sciences, the Central Propaganda Department, etc. They voted, and got an overwhelming NO.This is the decision of the full Politburo, and Xi must execute accordingly. You can basically see the Chinese State ramping up in a fast, organized, predictable fashion immediately after the Politburo decision was made: the State Department setting out the “principles” for any future trade negotiation https://www.bloomberg.com/news/articles/2019-06-03/read-the-full-china-white-paper-on-u-s-economic-and-trade-talks , the Legal Department rushing out “unreliable entities list”, the Central Bank preparing for financial disturbances, the Central Propaganda Department pushing out on the Evening News, the Education Department warning Chinese students from going to the US to study, the Tourist Bureau warning against US-bound tourism … This is not Xi alone. This is those guys in the Politburo, who voted NO, doing their own parts. The change in overall behavior is very, very noticeable.What it means is one, the Chinese Government is no longer interested in “Trump’s deal”. If there’s going to be a deal, it’s going to be on China’s terms, and the very first one is “equality”, meaning if you can sanction me, then I can sanction you. If you can arrest my business executives, then I can arrest your business executives. Strict quid pro quo. FedEx Extends Slide as China Drafts 'Unreliable' List Amid Package Dispute Oh wait, you don’t like that? Then don’t ask for it! You need to understand that EQUALITY is unacceptable to the US, but acceptable to, or even desired by the other 190 countries on earth. By setting out this principle in public, China is in fact cutting out the US and the US only. The “quid pro quo” principle naturally promotes good behavior, and punishes bad behavior. That’s why it’s the “Golden Rule”.The other outcome is that the pro-US factions within the Politburo is decimated, because the way the trade war is conducted, the only way you can be pro-US is to be anti-China, and this is not a tenable position to be in if you are a Chinese politician. There’s nothing you can do about that.And lastly, it is no longer the US Government unilaterally cutting ties between the two countries, but China also cutting the ties. The multi-nationals are being killed by both sides. Two years of trade war, with the result of both parties actively walking away from each other. There’s no upside for anybody.PS: The Wall Street is supposed to be full of smart economists. Everything coming out of this WH is against sound economic principles. Even a die-hard kleptocracy is supposed to take some care to guard its food source, but the Wall Street doesn’t do sh*t to solve the underlying economic problems. Instead, it stuffs the Fed Reserve with “friendly folks” who promise free money to the Street if things go bad. This - is essentially turning the US economy into a giant Bitcoin trader, with Wall Street trading on “hypothetical coins”, unrelated to the Real Economy. This is extremely short-sighted as this would make the Wall Street the house pet of the Fed, and not the other way around. And in the long run, it will also make the USD worthless. I’m referring to stuff like this: Fed's Bullard says a rate cut may be 'warranted soon' Is printing money the path of least resistance for the White House now?!

I wish to give up my U.S. citizenship, What are the proper procedures?

I have assisted several hundred Americans to renounce/relinquish their US citizenship for the past 27 years. For many individuals, it comes as a surprise to them that they have US citizenship and they do not know what the tax and financial ramifications are of US citizenship on themselves, their family and their executor.The first step for many who think they MAY be US citizens is to confirm same and begin to understand the tax ramifications of this discovery. I cover those issues here David S. Lesperance's answer to I was born in Canada by an American mother, so am I an American citizen?Once an individual understands that they are a US citizen AND that status is accompanied by very specific tax and financial filing obligations, then the individual should closely examine the pros and cons of keeping US citizenship.The first step is to contact a qualified accountant to understand the cost of bringing themselves into compliance. Without being in compliance, renunciation by itself is worst than useless in dealing with prior and future tax liability.I do not do compliance work, but have watched the results of countless clients who I advised to go through this step. Almost universally, the individual had vastly overestimated the cost (in professional fees and actual tax liability) of coming into compliance. This was because they were frightened by on-line forum hysteria; had assumed the imposition of an Exit Tax (Expatriation Tax) and also had not taken into account Foreign Tax Credit for the tax that they had paid to their current country of tax residence.Once one knows the actual cost of coming into compliance (accounting fees, tax, interest penalties (if any)) then one needs to add on the cost of expatriating ($2350 Expatriation Fee; possibly the imposition of Expatriation Tax if they are considered a “Covered Expatriate” after their accountant complete a draft https://www.irs.gov/pub/irs-pdf/i8854.pdf; and then finally possibly legal fees to assist in the process).Once one has the cost of renunciation, then one needs to access the value that they place on US citizenship. Setting aside blind patriotism for a moment and looking at practical issues, the value that one places on retaining depends greatly upon their position in life. Here are three different examples:A) 24 Year Old US citizen graduating in Masters or Computer Science or Finance. Unmarried and childless: Given that this person is at the start of their career, they would probably place a great emphasis on the value of their uninhibited ability to work (at least in the beginning of their career) in these fields in the US. Undoubtedly, employment opportunities are significant. They may also want to be able to pass on US citizenship to their future children;B) 64 Year Old Canadian Citizen who was born in the US but moved to Canada when a young child: This person would essentially think of themselves as primarily Canadian. Their career and child rearing life periods are over. They may view the future avoidance of on-going compliance and hassle of remaining a US taxpayer in the Foreign Account Tax Compliance Act - Wikipedia era to be worth more than retaining a US citizen;C) 45 Year Old HNW Venture Capitalist: This person is weighing on an on-going basis the value of being in the US for business versus the on-going and future (estate) tax liability. This person may not be ready to expatriate at this time, but is prudently getting a Back Up Plan in place to allow them to execute a renunciation if and when they deem appropriate for them. (Peter Thiel, Trump Adviser, Has a Backup Country: New Zealand; How Today’s Rich Families Are Different; Lesperance & Associates " Could the loss of carried interest double your tax bill?)Once an individual has determined that for them, compliance and renunciation is appropriate, then they have to decide if it is worth while to retain legal counsel to assist or try and do it themselves. One might want to retain legal counsel if there is a matter of required co-ordination with tax counsel and accountants because one is subject to the Expatriation Tax Regime. In addition, there is sometimes a co-ordination and timing issue for setting up the Renunciation Interview. Finally, some individuals determine it worthwhile to have an experienced advisor make sure that the paperwork is properly completed and that they are properly prepared for the interview questions and future US border official questions. Those who retain counsel are individuals who believe that the cost of fees is minimal compared to the cost of not doing their expatriation and departure from the US tax system properly.Whether retaining counsel or not, the renouncing individual or their counsel, needs to schedule an appointment with US Citizen Services at a US mission outside of the US. At that interview, a US Consular official will go through various paperwork. Although many missions have their own specific additional forms, they all must complete this documentation (7 FAM 1260 RENUNCIATION OF U.S. CITIZENSHIP ABROAD).Once the renunciation interview is completed at the US mission, then the individual is no longer a US citizen under US law. However, in order to also get out of the US tax system, it is necessary for them to file the IRS 8854. A significant portion of which is an attestation that they are fully up to date and compliant with their US tax obligations. They will also need to file a terminal US tax return and appropriate filings such as Report of Foreign Bank and Financial Accounts (FBAR) for the short year from January 1st to their date of renunciation.The final step in the process is that the US Mission will forward the documentation that it receives to the State Department in Washington. Officials there will review the material to ensure that the renunciation was properly completed. If so, then they will issue a Certificate of Loss of Nationality - Wikipedia (https://eforms.state.gov/Forms/ds4083.pdf) confirming that the individual ceased to be a US Citizen as of the expatriation interview date.Note: Relinquishment of US Citizenship: In certain specific cases, an individual can demonstrate BOTH a potentially relinquishing act AND an intention to relinquish US citizenship (Advice about Possible Loss of U.S. Nationality and Dual Nationality). If the individual meets this standard then they might be able to claim that they lost their US citizenship (and therefore basis for tax liability) at a much earlier date. In these types of cases it is definitely worth retaining experienced counsel to determine a) if you have a proper potentially successful case; and b) properly file a relinquishment claim. Relinquishment applications take much longer to process (and therefore determine if successful) BUT may have great financial value if possible and every effort is made toward success. Unfortunately, I have seen many cases filed which were either weak or dead at the outset or poorly documented. The individual was often under the mistaken belief that they had lost their US citizenship (and US tax liability) until their application was ultimately rejected. Given that such cases can take a minimum of a year and often 2 or more years to be reviewed and assessed, it is critical to know at the outset whether an application is potentially viable.Note 2: Return of US Passport until CLN is issued:I want to thank Chris-Garcia for bringing up a very interesting point in the comments section. A few years ago, the State Department revised the Foreign Affairs Manual - WikipediaThe State Department said that a potential renunciant may, if they request, retain their US passport for immediate travel back to the US. (7 FAM 1227 e (4), and then required to surrender same when their renunciation is approved.Here is the specific language:(1) 7 FAM 1229 provides guidance on disposition of citizenship-related documentation;(2) The post should obtain any and all valid U.S. passport(s) of the individual when the individual executes either Form DS-4080, Oath of Renunciation of the Nationality of the United States, or the statement of voluntary relinquishment portion of Form DS-4079, Questionnaire: Information for Determining Possible Loss of U.S. Citizenship;(3) The post should not cancel the U.S. passport, but rather retain the passport in a secure location until the approved CLN is received back from CA/OCS/ACS;(4) If the intended expatriate advises the post that he or she needs the U.S. passport immediately because of intended travel to the United States, the consular officer should return the passport to the individual for such travel only until the loss of nationality case is approved. When post receives the approved Certificate of Loss of Nationality for the individual, post should inform the individual to appear in person at post to return the passport and receive the CLN. The CLN should not be provided to the individual unless the passport is returned. If the individual reports the passport as stolen or lost, applicable procedures should be followed;(5) If the intended expatriate advises the post that he or she needs the U.S. passport immediately because it contains valid foreign visas, the post may cancel the book in accordance with 7 FAM 1300 Appendix Z, “Cancelation of Passport Books and Passport Cards.” Do not damage the entry/exit or visa stamp or foreign visas;(6) When the approved CLN is received, the post should cancel the passport. The canceled passport may be returned to the expatriate upon request. If the expatriate does not desire the canceled passport the post may locally destroy non e-passports. Canceled e-passports should be sent to the Bureau of Consular Affairs, Executive Office, General Services Division (CA/EX/GSD) (under cover of a memo) at the following address:Mr. Garcia then posed the question of what would happen if, when the renunciation is finally approved, he just continue living in the US? What if he held no other nationality? Can he be deported from the US as an illegal immigrant?The first thing to understand is that someone who is renouncing their citizenship is exercising a right that they have. This is in dramatic contrast to a foreigner who is asking an American official to exercise their discretion to grant them a visitor visa.While the FAM uses the wording “approves” the CLN (Certificate of Loss of Nationality - Wikipedia), it more accurately describes the administrative process of ensuring that when the applicant renounced their US citizenship, that it was done properly. If the State Department confirms that the applicant properly exercised their right to renounce, they “confirm” same by issuing a CLN, which is the US government’s confirmation that the individual ceased to be a US citizen as of the date of the renunciation appointment. In short, under US law, the individual ceases to be a US citizen at the moment that they sign https://eforms.state.gov/Forms/ds4080.pdf in front of a consular officer at a US mission outside of the US. The later issuance of the CLN is simply the US government confirming an existing state of fact (i.e. that the person had ceased to be a US citizen as of that moment).From a practical viewpoint, when an individual walks out of the US mission, they can immediately seek entry into the US as a visitor IF they were a Canadian citizen or British Overseas Territories citizen - Wikipedia -Bermuda (without requiring a B1/B2 visa) OR IF they were a citizen of a Visa Waiver Program - Wikipedia country. Over the years, I have had countless clients do exactly this.A practical difficulty arose when the individual only was a citizen of a country which required a US Visitor B visa - Wikipedia. These individuals would need to apply for this visa from the Visa Section in a US mission abroad. US visa officers cannot consider applications for visas from US citizens and the only evidence that they would accept that the individual was no longer a US citizen is a CLN! This meant that those individuals would effectively be unable to try and travel to the US until the CLN was issued which was a minimum of weeks and over the last decade has sometimes taken well over a year to process. To deal with this problem, the State Department created this particular section.Mr. Garcia brings up some issues which are in practice not really going to happen. This is because it is difficult (I would say extraordinarily unlikely) that an individual is going to be able to renounce without providing proof of another non-American citizenship (https://www.quora.com/Could-a-group-of-people-renounce-their-U-S-citizenship-declare-their-sovereignty-sail-the-high-seas-under-their-own-flag-and-avoid-paying-taxes/answer/David-S-Lesperance).Furthermore, one of the key reasons that people renounce their US citizenship is to sever their future US tax liability. If they renounce but continue to be physically present in the US, they will remain a US taxpayer as a result of the https://en.wikipedia.org/wiki/Substantial_Presence_Test, thus defeating the purpose of expatriating.Of course, if they are a foreigner who overstays their visitor status, they are in the same position as an illegal immigrant. However, the obvious question is what would ever be the reason that a person would pay a $2350 fee to renounce their US citizenship thereby forgoing the legal ability to live in the US and receive benefits all in exchange for the experience of being an illegal alien.However, while this section would benefit that subset of US expatriates who needed a visa during the CLN “gap period”, it also raised some significant potential tax issues. This is for the simple fact that a US passport indicates that the holder is a US citizen and therefore by definition still a https://www.irs.gov/individuals/international-taxpayers/classification-of-taxpayers-for-u-s-tax-purposes). If the individual did accept and use the US passport after the date of renunciation, this could later bring into question their position that they cease to be a US taxpayer as of the date of renunciation appointment. In short, this is a poisoned chalice for those who are expatriating as part of a tax plan and yet another one of the many demonstrations as to why this is not a DIY exercise.Note 3: Should you hire a Professional Advisor?For those who will advocate that this is straightforward and a DIY project, I would like to tell you about an exchange I had earlier this week. It was from a gentleman who had contacted me in September 2018.At that time, he advised that he was expecting his St. Kitts and Nevis economic citizenship (note: minimum cost over $100K) soon and had a liquidity event pending so wanted to expatriate to reduce his current and future US taxation.He was concerned that he would be a “Covered Expatriate” and wanted some advice regarding the process of expatriation and a plan he had to transfer some assets to put himself below the $2Million net worth threshold.He asked me for my “hourly rate” and I sent him this response:Dear XXXX: In the over quarter century of helping Americans to expatriate, I long ago learned that this is NOT the DIY exercise you believe it is. While I traditionally charge an initial consultation fee, I chose not to do so in your case, as I found your business interesting.However, in moving forward, I do not believe it is in either of our interests for me to offer you spot advice on an hourly basis as you attempt to muddle your way forward. The risk to yourself is that you will be unaware or forget an important issue and not seek advice. The risk to me is that you fail to achieve your goals or within the time period you wanted and that there is a potential liability claim.Well sure enough after spending so much money on a second citizenship; doing some questionable transfers to TRY and avoid being a Covered Expatriate he wouldn’t pay some relatively modest fees for professional advice and decided to do everything himself.When he called this week he was asking if I could help him as the day before he had been told by the US Embassy that:-He had been denied a B1/B2 visa on his SKN passport because after his renunciation he had entered the US on his American passport (they had handed it back to him at the renunciation interview and he mistakenly assumed he was still an American until the CLN was issued). This was a fraudulent entry also resulting in not just a refusal but a bar for a long time (should he happen to get a citizenship from a visa-waiver country);-The Embassy advised that they were also alerting the IRS of the situation. This means that he has likely triggered an audit, so they will examine his DIY tax planning and determine whether or not he really is a Covered Expatriate.So in conclusion, for the want of spending a few thousand dollars on proper advice to do his expatriation properly, he now finds himself unable to visit the US and potentially facing significant tax and penalties. It immediately reminded me of this old TV commercial.

RBI banned Bitcoin in India. Should I hold my bitcoins, or sell it now?

Check out the edits below the answer :)One thing keep in your mind if any problem suddenly take shape in chapter of crypto , what crypto is always going to ask from the community or investors is to believe in crypto and “hold” . just “hold” it . If you have invested your money in the market and believe in the company you have invested is working but the numbers you see on the screens are just numbers and not your money . Its the value of that comapany that is going up and down . And thats nature of the market . It goes up sometimes it goes down . So have patience whether It's fud, hack or any other ban news from government .So, dont sell off what you have made from your hardwork and hard earned money . Atleast , not in loss to maintain your faith on crypto market .You know it very well that it's just begining. crypto investors are rare and In India rarest . So , have patience bro !!! future is brighter for usThey don't have any authority to ban or stop . Whatever we play in crypto game is all on our own risk . So , they are far to make barriers .what they are doing is controlling what they can . Yes , banks .But as there are exchanges who have to make their ways so they are doing better to search for an alternative .Zebpay’s recent updateKoinex's recent update : “Fostering dialogue with industry-regulators on the RBI directive” Fostering dialogue with industry-regulators on the RBI directivebitcoin is not anyone's property so government or anyone cannot banned bitcoins in India or anywhere .Reserve Bank of India barring regulated entities from providing services to any individual or business dealing in digital currencies.The central bank’s move comes after at least three warnings to the public at large for being cautious while dealing with cryptocurrencies.“ If they (cryptocurrencies) grow beyond a critical size they can endanger financial stability “ said BP kanungo , RBI deputy governorThe move comes as governments around the world are stepping up scrutiny of virtual currencies mainly due to their unregulated nature. The meteoric rise in the value of bitcoin in 2017, the most popular cryptocurrency, triggered worries that such currencies could facilitate everything from money laundering to tax evasion and fraud.Since reaching a peak of almost $20,000 in early December last year, a series curbs have pulled down bitcoin and rival cryptocurrencies, with losses intensifying since the start of 2018.Finance Minister Arun Jaitley had already earlier said that the Indian government doesn't consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them.RBI said that it will issue detailed guidelines in a circular soon.India isn’t giving up on the idea of a virtual currency completely. In line with central banks around the globe, the RBI too is mulling introducing a fiat digital currency.“These are issued by the central bank and are considered the liability of the central bank,” Kanungo said.“They will be in circulation in addition to the paper currency that we have. It also holds the promise of reducing the cost of printing notes.”Accordingly, the RBI has constituted an interdepartmental committee that will submit a report on the feasibility of a fiat digital currency. The committee will submit its report by June-end.‘Crypto-Demonetisation’The move has a “demonetisation” like effect on cryptocurrencies, according to Vishal Gupta, co-founder of the Digital Assets and Blockchain Foundation of India.“That effectively means people lose ability to conduct any trade or exchange, at least in the open market,” he told in an recent interview.These have become dead assets for people who are holding onto them. This is going to have huge repercussions. If you disallow trading there is no exit to this.Vishal Gupta, co-founder, DABFI“I personally believe they [RBI] will give some relief,” he added.RBI is in centralized cryptocurrency projects and they mentioned before in budget2018 that they are going to look out blockchain technology in detail and RBI wants to study on how blockchain technology can be helpful in case of tracking regulations . Before budget2018 , no one wanted to talk about cryptos in Indian government and now they want to study bitcoins .If government had any authority to ban bitcoin or any other crypto currency it would have been done so earlierButThey don't because they can'tIf they do then they are killing their own currencyTime is hard for crypto traders but this is not the first time crypto is getting heat and many more will come in future .World is full of those who are going to hate our generation and our visions , they laughed , they criticized at it but at the end technology always won and it willWe believe in technology and future so ofcourse we are the ones who are going to deal with heat and critics .Accepting bitcoins and other cryptos as a payment is developed country’s game and India is one of the fastest developing country, it will be little too late for that but there will be no stop in trading on koinex , zebpay , unocoin or any other exchanges in IndiaWe are still in progress friend , because slow progress is still progressPs (a friendly piece of advise ) : if you want some security for your investment what you can do is you can transfer your cryptos to international exchanges (If needed )OrTo safe your cryptos for future the best thing you can do is create hardware / software or any other online / offline desktop wallets or Store your bitcoins in ledger ( best solution for those who want to hodl for long terms )“In trading, investing and life, you will have setbacks. A setback is an opportunity for a stronger comeback. Don’t forget ; tough time don’t last , tough people do.”....Edit :Update :26th Sept 2019No blanket crypto trading ban yet in IndiaAccording to the draft "Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019", holding, selling or dealing in cryptocurrencies such as Bitcoin could soon land you in jail for 10 years.Minister of State for Finance and Corporate Affairs Anurag Thakur said the government hasn't prohibited cryptocurrency in the countryA draft bill for banning cryptocurrency has been in the works for some time with Economic Affairs Secretary Subhash Chandra Garg leading the exercise.According to the draft "Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019", holding, selling or dealing in cryptocurrencies such as Bitcoin could soon land you in jail for 10 years.The draft has proposed a 10-year prison sentence for persons who "mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies.Besides making it completely illegal, the bill makes holding of cryptos a non-bailable offence.New Delhi : Despite banking restrictions put in place by the Reserve Bank of India, the country has not put any blanket ban on trading in cryptocurrencies yet, the government has clarified.Responding to questions in the Rajya Sabha on whether the government has prohibited cryptocurrency in the country, Minister of State for Finance and Corporate Affairs Anurag Thakur this week said the answer was NO."Presently, there is no separate law for dealing with issues relating to cryptocurrencies. Hence, all concerned departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws," the Minister said."Similarly, police/courts take action on IPC (Indian Penal Code) offences. Further, in view of the risks and dangers associated with cryptocurrencies, (the) government and RBI have been issuing advisories, press releases and circulars to the public," he added.Earlier the Reserve Bank of India issued a circular banning regulated entities from providing services to crypto businesses.But a draft bill for banning cryptocurrency has been in the works for some time with Economic Affairs Secretary Subhash Chandra Garg leading the exercise.For more check out Sarang Prajapati's answer to Is cryptocurrency legal in India in 2018–19?Source : Bitcoin.comHope i was informative,Support my crypto communities ,Quora Space : Crypto Globe 360°​​​​​​​​Instagram : isarang2510 | Crypto Globe 360°​​​​ | Life with blockchainThanks for reading :)

People Want Us

Its easy to use, there is no learning curve when obtaining this product its completely self explanitoy with great customer service and updates.

Justin Miller