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Topic: After China & Russia, now India - page 2. (Read 3292 times)

newbie
Activity: 6
Merit: 0
October 09, 2017, 11:14:26 AM
There are always concerns...but the world needs Bitcoin and altcoins...makes things easy .
full member
Activity: 346
Merit: 100
October 09, 2017, 11:06:10 AM
Dont forget to mention Korea and also Malaysia.. Hehe.. I a little bit worried about this topic but they all still searching a solution on how to get thing going well. Due to fund money at terrorist many government start to block the ICOs. Well this is not country faults. I can see some peoples are not always a good guy included us i guess..
jr. member
Activity: 53
Merit: 10
October 09, 2017, 11:02:28 AM
I think it is a process for better change in the near future. It is still very new to many countries i guess and they are trying to find solutions to be able to manage them properly. In the near future things may be much more stable than as of now
newbie
Activity: 102
Merit: 0
October 09, 2017, 10:59:55 AM


India’s Government Agencies Still Have ‘Concerns’ About Bitcoin

Indian officials revealed last week that the country’s tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.

What do you think?

In my opinion, it is important to understand that China, India, Russia are the countries for which co-financing and money laundering is a huge problem. And governments want to prevent the attackers from using bitcoin.
full member
Activity: 280
Merit: 100
October 07, 2017, 01:34:15 PM


if true, I think it is the prerogative of a country to ban it. but I do not think it will have a big effect on bitcoin development. so no need to worry about the ban that will take place on india. maybe it is a rumor.
member
Activity: 630
Merit: 10
October 07, 2017, 01:19:41 PM
I haven't found any news online about the prohibition of bitcount in Russia. Do not enter people astray and sow panic.

Its not banning bitcoin..its just the Russian central bank not ready to accept cyrptocurrencies.

LINK: https://cointelegraph.com/news/russia-central-bank-categorically-against-regulating-crypto-as-money

Cheers
sr. member
Activity: 322
Merit: 253
Property1of1OU
October 04, 2017, 03:50:08 PM
defcon 4
full member
Activity: 406
Merit: 107
October 04, 2017, 03:48:14 PM
I haven't found any news online about the prohibition of bitcount in Russia. Do not enter people astray and sow panic.
jr. member
Activity: 256
Merit: 3
October 04, 2017, 03:32:22 PM


India’s Government Agencies Still Have ‘Concerns’ About Bitcoin

Indian officials revealed last week that the country’s tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.

What do you think?

Regulations in the sphere of bitcoin will somehow appear in every country. Some countries will start earlier. Some will act as well as large countries.

We must understand that bitcoin has great potential, but it also carries great danger.
newbie
Activity: 28
Merit: 0
September 30, 2017, 09:43:10 AM
This is a topic of concern definately but util and unless we do not get an official statement from Indian Government regarding this topic , we cannot say what is going to happen .Many countries fear that people are doing unfair practices using bitcoins but that concern will not lower the market value of bitcoins. Bitcoin is going to stay for a long time .
full member
Activity: 368
Merit: 104
September 30, 2017, 08:25:39 AM


India’s Government Agencies Still Have ‘Concerns’ About Bitcoin

Indian officials revealed last week that the country’s tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.

What do you think?

I think is is something completely different from what is happening in China. Money laundry is a problem, not just for crypto, but for fiat as well, and I think that every country should do their best to stop it. This looks like a normal concern, and it doesn't mean that they will "start a fight" against crypto.
As for Russia, from what I've read I think they favor bitcoin as well.
Yes news are not good but they are getting closer to solve these problems and when these problems get solved these countries are on the top list of investor as now Russia is near to solve and Indian agencies are also figuring out their concerns to use such a valuable coin in their region, every region wants the fair use of bitcoin.

hero member
Activity: 1134
Merit: 517
September 30, 2017, 07:26:59 AM


India’s Government Agencies Still Have ‘Concerns’ About Bitcoin

Indian officials revealed last week that the country’s tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.

What do you think?

I think is is something completely different from what is happening in China. Money laundry is a problem, not just for crypto, but for fiat as well, and I think that every country should do their best to stop it. This looks like a normal concern, and it doesn't mean that they will "start a fight" against crypto.
As for Russia, from what I've read I think they favor bitcoin as well.
It is not like money laundering got started some nine years ago or did it? By the way, where are the specific incidents of money laundering traced to Bitcoin or isn't it all about their fears and apprehension that Bitcoin is beyond their control and so could be used by oppositions rather than criminals?
full member
Activity: 397
Merit: 100
September 29, 2017, 01:47:12 AM
the hope you want to do is secure the country, and there's no problem whatsoever about bitcoin until it ends.

There are some consequences of Indian government about the bitcoin they think that the black market will be changed into white one if they introduce bitcoin now without any check and balance and this will cause problem so they are bringing revolutions to their systems and then they will implement this and this will give boost to bitcoin easily.
newbie
Activity: 9
Merit: 0
September 26, 2017, 06:43:33 PM
More and more bad news about bitcoin.
I think only positively, and will not be affected by the news..
The most important thing in my country is still safe using bitcoin,

Well Bitcoin has been going through such turbulence ever since its inception and so I don't think this current one us what's going to bring it down. I think it rather gives Bitcoin and Bitcoin users the platform to price those oppositions wrong. I'm optimistic as always that Bitcoin will bounce back in no time.
You are right, we should not be afraid.It used to happen this kind of thing often,
But bitcoin persists,Maybe the bitcoin end of the year will start to rise.
Yes true, bitcoin users are global, if any banned country like Russia, China and India certainly will not have much influence, I'm sure users from those 3 countries are still actively using bitcoin.
I think this is just another issue.
Yeah, there is still a lot of country that trust bitcoin. There is no way that they left bitcoin just like that.
hero member
Activity: 966
Merit: 535
September 26, 2017, 06:34:51 PM
Another greedy bunch of individuals within the government trying to get backing from the rest of the government officials so they can stick their filthy claws into it's peoples hard earned coins. The thing is in India wages are so poor and bitcoin solves this problem and they make much more then they did doing horrible manual labour. If you made 3x more online then you did dong horrible manual labour wouldn't you want to keep earning Bitcoin ? The government already has people so poor and now they want to take that from them. This is terrible.
hero member
Activity: 896
Merit: 500
September 26, 2017, 06:20:58 PM
More and more bad news about bitcoin.
I think only positively, and will not be affected by the news..
The most important thing in my country is still safe using bitcoin,

Well Bitcoin has been going through such turbulence ever since its inception and so I don't think this current one us what's going to bring it down. I think it rather gives Bitcoin and Bitcoin users the platform to price those oppositions wrong. I'm optimistic as always that Bitcoin will bounce back in no time.
You are right, we should not be afraid.It used to happen this kind of thing often,
But bitcoin persists,Maybe the bitcoin end of the year will start to rise.
Yes true, bitcoin users are global, if any banned country like Russia, China and India certainly will not have much influence, I'm sure users from those 3 countries are still actively using bitcoin.
full member
Activity: 502
Merit: 100
TheFutbolCoin
September 26, 2017, 05:47:24 PM
More and more bad news about bitcoin.
I think only positively, and will not be affected by the news..
The most important thing in my country is still safe using bitcoin,

Well Bitcoin has been going through such turbulence ever since its inception and so I don't think this current one us what's going to bring it down. I think it rather gives Bitcoin and Bitcoin users the platform to price those oppositions wrong. I'm optimistic as always that Bitcoin will bounce back in no time.
You are right, we should not be afraid.It used to happen this kind of thing often,
But bitcoin persists,Maybe the bitcoin end of the year will start to rise.
sr. member
Activity: 476
Merit: 250
September 25, 2017, 01:06:28 PM
This bad news are instruments to measure power of bitcoin. Bitcoin is solid as rock although countries at Asia tries to take him down. I think once settled, journey to moon will continue.
sr. member
Activity: 448
Merit: 265
September 25, 2017, 12:12:04 PM
so much bad news coming lately , but bitcoin price still rise hard  Undecided
full member
Activity: 238
Merit: 100
September 25, 2017, 12:03:36 PM
A decentralized currency will definitely cause problems to any government and there is nothing wrong with the Indian security agency probing into BTC related activities to that effect. As much as i love crypto currency it seems to be providing the opportunity for illegality, that is not right
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