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Digital currency is no different that what already exists in terms of digital representation of one's holding. Really curious to see how the tax payer is going
by omk 6y ago
Digital currency is no different that what already exists in terms of digital representation of one's holding. Really curious to see how the tax payer is going to pay for a glorified database and what value is derived from it.
- deleted 6y ago[deleted]
- ampdepolymerase 6y agoHow fast is clearing and settlement in traditional Indian banking?
- geektips 6y agoIt depends on the system used for transaction[0]. For transaction under $1300 settlements are instant, while for amount more than that it ranges from 30 minutes to 24 hours. [0] https://en.m.wikipedia.org/wiki/Payment_and_settlement_systems_in_India https://en.m.wikipedia.org/wiki/Payment_and_settlement_syste...
- manquer 6y agoDuring working hours on week days for largers amounts RTGS is real time and minimum amount is $2500 and is few seconds fast.
- analog31 6y agoIf they are anything like the US, then they already have a sophisticated database of financial transactions in support of their tax system and national security apparatus.
- louloulou 6y agoIt's just a round-a-bout way of getting rid of cash so they can surveil all transactions