 Welcome to Digital Asset News. Take your top stories in cryptocurrency and digital assets, and bring them out of bite-sized pieces. So today we have some more concerning news about India as RBI or the Reserve Bank of India sticks to its stand in cryptocurrencies and wants them all banned. So we'll take a little trip down memory lane, what has been happening over the last couple of weeks and months, and then get into some things that the banks have been doing and how this smells a little fishy to me. On top of that, let's take a quick look at the fact that I made an NFT because I didn't really understand what the heck they were, so the best way to do things is just dive in headfirst and actually get them done. So we'll take a look at my super fantastic NFT that took me a whole 10 seconds to make, and we will go from there. So first, let's take a look at what's going on in the market. So today it is March 15th, almost high noon, El Paso, Texas time, so we traveled all the way back. We are here, the investment property has already been set up, and just waiting for people to come on in and to come in to a night, matter of fact. So hopefully it all works out. That's the great thing about Airbnb, so we'll see how that goes. Anyhow, this is the total market cap, $1.7 trillion, average daily sentiment, and of course we're using Trade the Chain because it does all that scraping of data throughout all the different blog posts and websites and integrates one of five of cryptocurrency companies to integrate directly with Twitter. And the average daily sentiment for cryptocurrency, 57 out of 100, which is not too bad when you have the possibility of a huge country with over a billion people talking about banning the entire Bitcoin and cryptocurrency crypto sphere. So that's not too bad. I remember years ago, this would have crippled us for quite a long time, and now today we're just like, whatever, India, whatever you want to do, just make up your mind and then shoot there. So that's what's going on. Let's see, hottest on Twitter, I don't know any of these, balancer, sounds good, Troy, Cody, engine, which I'm probably going to get into as I've been taking a look at that more and more. It only makes sense, as they integrate with all these different gaming platforms and you can do a bunch of NFTs for all the different things that people need on gaming because gaming and eSports and everything else is going to be huge. Why not engine? So probably do a little video on that. But let's see what exactly is going on as far as the number. So Bitcoin was at almost 62,000 and a drop precipitously, let me pull this up actually so you can see it, about what is going on here. And I gotta tell you, not too bad for a country which is, like I said, about to ban crypto, if they do it. Who knows if they do it? I don't know. So that is what's going on with Bitcoin itself. Ethereum, pretty good, only down 4%, 4%. Let's see, any up? Let's see, any down, down 7%, 21% for VeChain. VeChain just got listed on crypto.com. So I'm sure people are buying that up like crazy. So good for you guys. I'm a holder myself. And again, super biased, all the things that I own, I'm always talking about them. Like I'll go around, I don't know on it. So I'm not going to talk about it that much. If something fantastic comes out, I will. But just how I am biased. And that's about it. So hey, 27% for engine coin. I probably should get into that at some point before it takes off. Anyhow, so that's what's going on the market. Let's just jump into today's top story, shall we? So this one, I remember when I first got in the cryptocurrency and China was the big bad player. And they were going back and forth between we're going to ban it, we're not going to ban it. And actually, the first NFT that I created was all about China banning cryptocurrency. And that day, this was back in December, December of 2019. That was, I mean, it dropped so much in one day just because China said everything about banning it. And they said the same thing that India is talking about. We like blockchain, we don't like Bitcoin and currencies or we're going to do that and we're not going to let currencies come in. So the same thing's happening here. So what exactly is going on? So New Delhi, the RBI, the Reserve Bank of India sticking to its stance and they want to ban cryptocurrencies because, you know, why not? Anyhow, while asserting that the technology of blockchain should be encouraged, again, blockchain is good, but cryptocurrency is bad. Blockchain is fantastic, but cryptocurrency we just can't have that. Why is that? Well, I'll tell you a bit. They said that a currency, this is the Reserve Bank of India, they say, look, a currency is a sovereign right of a country and it cannot be assigned to any individual entity. We just can't have that. We can't have that slip of power happen. It has to be with the country. And remember, they're the Reserve Bank of India. It's not like like the Federal Reserve in America. They're about as federal as federal express. They're not a federal agency. They were closely with the governments, but it's not a government agency. Reserve Bank of India, they're talking about, oh, it's sovereign, only the nations can really decide about it. Well, they can decide and they already decided that this was okay because this is what happened March 5th of 2020, just a short year ago, where the India's highest court, they overturned the cryptocurrency trading ban. They go, look, you can't do that to people. People want to take their harder money and they want to trade it for cryptocurrency, then let them do that. And that is what the highest court, kind of like the America's Supreme Court, decided at that point. And they said, okay, sounds good. And then from there, nothing really happened with India. Everybody was happy. It was X, the exchange opened up. Everything was good. And then we had this nice little article that came about and said, hey, look, we're thinking about banning it again, but don't worry because the finance minister, she predicts a very calibrated stance. And what she said was this. She goes, obviously, the Reserve Bank will be taking a quorum on how, what kind of unofficial currency, cryptocurrency will have to be planned and how it has to be regulated. So nowhere in here is she talking about, you know what, we're going to look at this blockchain and really go from there. She's talking about currency and cryptocurrency. And all of a sudden they're like, nope, we're just going to go back on that. And that's just how it's going to be. Anyhow, to finish up, the central bank has also raised security risks linked to cryptocurrencies. How many times have we heard about this? Oh, it's going to give rise to money laundering, care of financing, and you know, the cartels, that's all they use is Bitcoin. They have never used the US dollar or the ruble or the pound or the yen or the yuan. They've only used Bitcoin. And once they get Bitcoin, it's going to be so much easier for them to do things. Well, and of course, the anonymity of the transaction. So let's just talk about that for a second, shall we? So when we talk about the banks, Reserve Bank of India working with the retail banks, it's the same thing here, you know, the Federal Reserve is like, you know what, we can't have this, we can't have this kind of money laundering because our banks are the highest level of ethics and morals and wait, what's this? So Wells Fargo, you know, a little fraudulent savings and checking accounts on behalf of Wells Fargo, clients without their consent, millions of them. And the only complaint when they started to see all these different frauds being charged or different, you know, different accounts that they were mysteriously opened in their names and going, Hey, why am I getting charged for these accounts? I never opened these. Well, you owe us. And that went through millions and millions of people. Of course, they got busted for that. And what happened? They only paid a fine. Me and you do that, we're in jail. But banks do that at just the cost of doing business. Now, on top of that, you got these little things like the JP Morgan Chase scandal, 30 billion fines accounting. Then you had ING, where they're like, we missed this almost billion dollars of money laundering from cartels. We just couldn't figure it out. We just just doesn't make any sense to us. We're only the banks. And on and on. And on we go. So I'll get to that later. But this is the thing. When you talk about like, you know, the banks want to really do all these things. And the Federal Reserve is the Reserve Bank. The reason why they want to do it is because they want to keep control of what's going on. And it really just comes out of this. This is the last sentence. I was, as I was reading this article, I'm like, where are they going to say it? Just say it. Just say it. I know they're going to do it. In recent weeks, the RBI has also talked about bringing its own digital currency, which is different from cryptocurrencies. Of course. Of course. Why would they want to let any other cryptocurrency out like a Bitcoin, like Ethereum, like an XRP, like Cardano or anything like that, and that she can use as a currency into the country when they can just create themselves because it's a sovereign right, right? There's no way that the common people could figure this out. And it can make it work for them. So, of course, when they talk about we want to ban these things, this is why. Because they want to make it themselves. And that's okay. I mean, that's such one of what you want to do. Hopefully, the Indian people rise up and say, you can't do this to us. And hopefully, the lawmakers come through and say, you can't ban this. We're going to work together, come to the table. Just like what the Finance Minister said, hey, we're going to work this through with the Reserve Banks and make this actually happen. And they're not going to ban anything. It's not going to be as bad as you thought it was. And here we are. That's pretty bad. So when you take a look at this, this is why when you see these types of articles where a French lawmaker signs a petition to allow central banks to buy and hold Bitcoin, just be careful of this because it's just one lawmaker and just one person signing a petition. So the real question is, can you get this through all of your legislature and actually make turn this into law and not just like, hey, this is something we should do. So this is what I think on this one. I just threw this in there because I'm like, it's just interesting that we've got some people who are on the right side of history and other people who are just trying to stall what's going on. But in my personal opinion, I don't think that this will actually go through. I don't think there would actually be a ban because it's, I mean, let's say they do ban cryptocurrency. Let's say they do ban exchanges. Well, that's great because in the rest of the world it's like, you don't want to use it. That's cool because all of us will just continue to use this and we'll have to leave you behind. And I think for economic equality, it wouldn't really behoove them to do those types of things. Again, these are just my opinions. I could be wrong. Let me know what you think in the comment section. Let's move on to our next piece. So next up, what the heck are NFTs? Non-fungible tokens? I didn't really get it. I didn't really understand how it all worked and everything else. So I just had to create one. Actually, I had talked about this over the weekend and one of my subscribers, he said, Robby, just don't get it. He goes, take Gronkowski from the, well, what was the Patriots and now the Buccaneers. So what he did was instead of going to a football card company and saying, hey, I want to put my likeness on cards and then people can buy my football card and then you guys can take 99% and I'll get a percentage. What Gronk did is he goes, you know what? I'm just going to create a non-fungible token of myself on a football playing card and whoever wants to buy it can own it digitally and that's it. So you totally do what cryptocurrency digital assets are supposed to do, which is cut out the middleman entirely and then he's selling those things like hotcakes. And I'm like, hmm, how the heck does that work? So this is what I did. I went back and one of my first videos that I ever did and I just was talking about China, again, how this little fud happened where they're like, we don't like Bitcoin, we love blockchain. So this came about and I said, you know what, I'm going to see if I can just sell this. I went to this place called OpenSea, OpenSea.io and I said, okay, I just took the thumbnail and I uploaded it and I said, okay, this and I just give a stupid description of it. And in like half an hour, I got an offer for .01 wrapped ETH, W ETH for like 17 bucks. And that's it. I can't accept this offer because I don't think this is worth anything. And I'm going to tell raves here, just, you know, don't buy it because you know, just spend your money on something that's worthwhile like Voyager or Cardano or VeChain or something like that. Don't buy this as goofy. And I just want to see if it would actually, you know, happen. And I don't know how many other offers I have. I think I only have one right now, but still it's kind of, it's just kind of little goofy that you can do these types of things and people are buying it, but they don't know what they're buying. It's just, to me, I think it's just worthless. But that's just my opinion on what's going on. I think that there are, the NFTs will be huge, especially like we talked about with Engine Coin and those types of things. I mean, even like unstoppable domains, those are NFTs, these domains that you're buying. But for me, I kind of look at it like there's a big difference between going to an art gallery, let's say downtown New York, and going to the bargain bin at Walmart. They're both art, right? Just like there's, they're both NFTs here. Like this is an NFT and the one that Bevel sold for like 70 million or how much crazy it was. But for whatever reason, that is awesome. And this is trash. And I think it's the same thing of like art in general, like I don't have the eye for it. So people look at it like, this is great. I can't, you know, it's amazing. I got to buy this. Sure. And but I think it's going to be very few of those that actually have value. I think the majority are just going to be in the bargain bin at a Lowe's Home Depot, Walmart type of thing, where it's just like, this is just trash. This is just a throwaway NFT. And that's just what it is. Obviously, you can't get an NFT at Walmart. I'm just saying these things will just be like, you know, out in the open and not that great. This is just how I see it. I also see this as kind of like with cryptocurrencies assets. I think there's going to be a good amount that'll make it, you know, 20, 30, 40, I don't know. But the 5,000 or so that we have, most are going away. And it's the same thing with NFTs. Now, the big question is, how do you find those? And for that, I really have no answer. And I'll tell you what I know. Tell you what I don't know. I have no idea about that one. I will say this. Don't buy on a secondary source like OpenSea, because those people already bought someplace cheap. They put it on there and they want you to buy their garbage. Not that it's all garbage. There's a lot of great stuff in there. I'm sure, I mean, whatever. But I'm just saying, don't be caught up in this whole thing. Look for the ones that are, you know, just like a digital asset. Don't look for ones that are already, you know, $100,000 or something like that. Go for a little bit lower and see if it has any kind of legs and go from there. If you buy an NFT for $100,000 and then it goes to $1,000, well then you're pretty screwed. But if you buy something for like $5 or $10 and it goes to zero, not a big deal. That's the only advice that I would give myself because I can't give financial advice. And that's the big thing. And speaking of NFTs, finally, I trust. They're giving away an NFT and Anthony, he sent this to me and I was like, I don't know what this is, man. And he goes, he goes, well, it's this NFT even good giveaway and then people are going to win, you know, a free for life. I trust account. I trust is the crypto IRA that I used. And I was like, I still don't understand what I don't get the whole thing. He goes, okay, well, I'll come on your show and explain it. So Anthony will be here on Friday to explain what the heck this is all going on. It's just a giveaway. I'm sure it's cool. I mean, these guys do good things. I love them. And that is it. So look, first of all, thanks for sticking with me all the way at the end. If you like these types of videos, go ahead and give it a thumbs up. That helps tremendously. Also consider subscribing because all these videos we talk about are very time sensitive, like we just talked about a little bit ago. Also, if you want to take a look at iTrust, there's a link in the description. That is the crypto IRA that I'm using. And that's where I'm going to be paying no taxes as everything appreciates. So there are some, there are some nuances. So I did a video. It's about 20 minutes long. You can watch that. I'll link it at the end or look in the description and that is all. So thanks so much for watching. I appreciate it and I'll see you on the next one.