‘India plans to introduce law to ban Bitcoin, other private cryptocurrencies’
Libra, Bitcoin, and Ethereum (Piaxbay)
There is much interest in cryptocurrencies, including alternatives to Bitcoin:
January 31, 2021
In a world going virtual, can currencies be far behind? Obviously not, particularly when cryptocurrency has become a hot button topic in trading and investment circles.
While bitcoins have tended to hog the limelight in this rarefied space, there are multiple other coins or cryptocurrencies that are attracting eyeballs. In that lot, altcoin is fast emerging as a favourite.
An altcoin is a cryptocurrency, or virtual currency. It is an alternative to bitcoin. Altcoins work much like the original Bitcoin. https://www.moneycontrol.com/news/business/startup/what-are-altcoins-all-that-you-need-to-know-about-the-non-bitcoin-cryptos-6421401.html
Will such coins continue to be allowed to exist?
Well, India wants to say no:
India plans to introduce a law to ban private cryptocurrencies such as bitcoin in the country and provide a framework for the creation of an official digital currency during the current budget session of parliament.
In the agenda (PDF) published on the lower house website, the legislation seeks to “prohibit all private cryptocurrencies in India,” but allow “for certain exceptions to promote the underlying technology [blockchain] of cryptocurrency and its uses.”
The law also seeks to “create a facilitative framework for creation of the official digital currency” that will be issued by the nation’s central bank, Reserve Bank of India, the agenda said. https://techcrunch.com/2021/01/30/india-plans-to-introduce-law-to-ban-bitcoin-other-private-cryptocurrencies/
And India is NOT the only government interested in eliminating Bitcoin and private cryptocurrencies.
Earlier this month, notice what was said by a financial leader in Europe:
Head of the European Central Bank Christine Lagarde has called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.” …
“When you look at the most recent developments upward, and now the recent downward trend … for those who have assumed that it might turn into a currency, terribly sorry but this is an asset and it is a highly speculative asset,” she said. …
“(Bitcoin) has conducted some funny business and some interesting and totally reprehensible money laundering activity,” said Lagarde.
The ECB head went on to call for Bitcoin to be regulated by financial authorities.
“There has to be regulation. This has to be applied and agreed upon […] at a global level because if there is an escape that escape will be used,” she said. https://summit.news/2021/01/13/ecb-head-christine-lagarde-calls-for-global-regulation-of-reprehensible-bitcoin/
The idea of eliminating or somehow regulating cryptocurrencies like Bitcoin is something that long-term readers of this COGwriter Church of God New page have been tipped off about for man years.
Back in 2013, I posted the following:
There were some interesting comments about Bitcoin in the news from Ron Paul …
December 4, 2013
Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today’s money worth less tomorrow.
The digital currency Bitcoin promises all these things. And while it’s far from achieving any of them — its value is unstable and it’s rarely used — some have high hopes.
“There will be alternatives to the dollar, and this might be one of them,” said former U.S. congressman Ron Paul. If people start using bitcoins en masse, “it’ll go down in history as the destroyer of the dollar,” Paul added. http://money.cnn.com/2013/12/04/technology/bitcoin-libertarian/index.html
There is no way governments will intentionally allow a system that gets around all of their financial espionage. China is starting to publicly state that, and the government of USA has also began to try to figure out how to handle Bitcoin (Congress has held one or more hearings). That being said, since China wants to eliminate the US dollar as the world’s reserve currency, despite is announcement today, it may continue to make some accommodations for Bitcoin and/or anything else that could reduce US dollar trade.
Related to financial controls, there are some who believe that Bitcoin will become fully regulated/taken over to the point that it will be associated with the ‘mark of the beast.’ Here is one such comment:
If I’m allowed to get Biblical…”Rich man or poor man, free or bond, will not be allowed to buy or sell unless he accepts the mark of the beast.”
Bitcoin is a very smooth end run to achieve that objective.
Here is another related item:
MARK OF THE BEAST WATCH! Canada to get world’s first Bitcoin ATM…
The ATMs will use palm scans to identify users and enforce the limit, which is also designed to prevent problems with anti-money-laundering laws. http://ppsimmons.blogspot.com/2013/10/mark-of-beast-watch-canada-to-get.html
The “mark of the beast” scripture is from the Book of Revelation which makes the following statements concerning the financial controls of the coming Beast power:
16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.
18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. (Revelation 13:16-18)
The Bible is clear that the time is coming when the Beast power will have implemented some type of strong financial control. Thus, it is not likely that Ron Paul’s hope of being able to buy and sell privately with something like Bitcoin will last. The Beast power will not allow it, and it is likely that the USA government will take more steps to try to either stop it or at least secretly spy on it. (Thiel B. Bitcoin, China, NSA, & the Beast. COGwriter, December 5, 2013)
Yes, Europe, which will be the source of the Beast wants Bitcoin regulated.
The time of controlling buying and selling-666-is coming.
Some, have long wanted that.
Furthermore, Bitcoin aside, Europe has been in the process of putting together what may become the enforcer of controlling buying and selling. We put together the following video related to that:
The European Union is in the process of establishing the European Public Prosecutor’s Office. This is a major, first-of-its-kind move, with the EU setting up a European-wide prosecutor’s office that will have power to investigate and charge people for financial crimes committed against the EU. It looks like this type of office may end up persecuting those that do not have the mark of the Beast when they “buy or sell” as that will later be considered a financial crime in Europe. What does 666 mean? How has that name be calculated? How can we be certain that this is a prophecy for Europe and not Islam? Is the appointment of this new office of significant prophetic importance? Dr. Thiel addresses these issues and more by pointing to scriptures, news items, and historical accounts.
Here is a link to the sermonette video: EU Setting Up 666 Enforcer?
Moves towards monitoring payments was number 13 of my list of 21 items to prophetically watch in 2021. Bitcoin and other private cryptocurrencies are not exempt from the 666 plan.
Those who think that they will be able to massively get around governmental financial surveillance in the future with Bitcoin or something like it, simply are not understanding biblical prophecy.
Totalitarian control of financial matters is coming–and if Bitcoin survives until then, it will NOT be private.
Do NOT place your confidence in cryptocurrencies, the US dollar, the Euro, or gold, but “seek first the Kingdom of God” (Matthew 6:33).
Some items of possibly related interest may include:
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? A video of related interest may be: Germany, Gold, and the US Dollar.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is a link to a related sermon: Could God be Calling You? A short animation is also available: Is God Calling You?
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Persecutions by Church and State This article documents some that have occurred against those associated with the COGs and some prophesied to occur. Will those with the cross be the persecutors or the persecuted–this article has the shocking answer. There is also a YouTube video sermon you can watch: The Coming Persecution of the Church. Here is information in the Spanish language: Persecuciones de la Iglesia y el Estado.
Orwell’s 1984 by 2024? In 1949, the late George Orwell wrote a disturbing book about a totalitarian government called “nineteen-eighty four.” Despite laws that are supposed to protect freedom of speech and religion, we are seeing governments taking steps consistent with those that George Orwell warned against. We are also seeing this in the media, academia, and in private companies like Google, Facebook, and Twitter. With the advent of technology, totalitarianism beyond what Orwell wrote is possible. Does the Bible teach the coming a totalitarian state similar to George Orwell’s? What about the Antichrist and 666? Will things get worse? What is the solution? Dr. Thiel answers these questions and more in this video.
The Mark of Antichrist What is the mark of Antichrist? What have various ones claimed? Here is a link to a related sermon What is the ‘Mark of Antichrist’?
Mark of the Beast What is the mark of the Beast? Who is the Beast? What have various ones claimed the mark is? What is the ‘Mark of the Beast’?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
India, Its Biblical Past and Future: Any Witness? The Bible discusses the origins of those of Indian heritage. This article quotes the Bible and also discusses some of the witness to India throughout history and what is happening in the 21st century (including those in Bangladesh, Pakistan, and Sri Lanka). India, Prophecy, and the Beast in 2025?
India and the Beast of Revelation 13 Do biblical, Catholic, and even Hindu prophecies suggest that many in India will follow, for a while, the Beast and False Prophet/Antichrist? Here is link to a related YouTube video Will People in India Worship the Beast of Revelation 13?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
Satan’s Plan Does Satan have a plan? What is it? Has it already been successful? Will it be successful in the future? Here are links to a two-part sermon series: What are Some of the Parts of Satan’s Plan? and Satan’s Plan is More Dramatic than Many Realize.
The Great Tribulation: What Happens First? What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation.
When Will the Great Tribulation Begin? 2021, 2022, or 2023? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: 2021: The Great Tribulation or the Great Reset?
21 items to prophetically watch in 2021 Much is happening. Dr. Thiel points to 21 items to watch (cf. Mark 13:37) in this article. Here is a link to a related sermon video: 21 Items to Watch in 2021.
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