Topic: After China & Russia, now India - page 5. (Read 3255 times)
I don't think Indian Government is going to follow the china. Yes, the govt is concern about the misuse of the decentralised nature of the bitcoin and want to track the bitcoin transaction so that they can take control over its misuse like terror funding and hiding blackmoney. And, I think not only India or Russia many other countries are also have a plane to regulate the cryptocurrencies but banning is completely different thing.
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,
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.
it's a very common issue for any government regarding their financial system, every government must have to regulate on the financial transaction so that India also are checking out this window. but I think no one authority can stop Bitcoin anywhere. it's a matter of people's involvement. so concern authority can only regulate on this system. it's not a matter of concern.
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,
I think only positively, and will not be affected by the news..
The most important thing in my country is still safe using bitcoin,
I think russia didnt actually banned the bitcoin.As I have read in the news that they are planning to regulate it in their country but still not consider it as a currency.But if they ban the bitcoin in their countries I think it will not really affect the bitcoin that much because their people who uses bitcoin will just find a way just to use it.
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?
India will take time to regulate bitcoin but they will regulate.
Just like internet was new in India and people are scared that it will lead to bad sectors but later they regulated internet and it increased India's growth.
same is like bitcoin right now people are frightened and scared it will lead to bad sectors but later bitcoin will be regulated and gets legalised.
I hope that the government in India have a positive outlook about bitcoin and not only focusing on money laundering that even without bitcoin there is already money laundering happening globally. Digital currency is the future and Japan knows it, I hope India sees it also.
I am agree with your opinion. Digital currency is future and everybody know about it. Just look like a positive mind.
we cannot blame india and their officials asspciated to investigate to these kind of happening ..
its like their defense mechanism you know..
it is up to them for the sake of security of their country
I think they will do investigation but the will not ban BTC instead they use it to track the one who is doing wrong about the BTC
I am also hopefully that in our country the bitcoin will remain the same
and I think there is not much infos regarding to that so just chill
its like their defense mechanism you know..
it is up to them for the sake of security of their country
I think they will do investigation but the will not ban BTC instead they use it to track the one who is doing wrong about the BTC
I am also hopefully that in our country the bitcoin will remain the same
and I think there is not much infos regarding to that so just chill
realize or not, bitcoin is helping people in india to have additional income from bitcoin. we are see many indian people which is trying to make money from many ways especially with bitcoin. and if there is any investigation from the india government, i think they are really concerns and want to prevent money laundering in their country and because bitcoin can hiding someone money, the government will against any illegal activities that might be happen in their country. so if they want to do this, then i think they can do whatever they want and i am sure that only few people that using bitcoin for illegal activities. lets we wait for the next news from their government.
that is a problem for any government, money laundering and people earning money without them getting taxes from it. That is why no government really want bitcoin 
Hope its just rumour because there was committee assigned for bitcoin regulation in India this year April . Till now there is no negative impact on bitcoin . Again this statement made me to think again because country already demonetise some of the running currencies.
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realize or not, bitcoin is helping people in india to have additional income from bitcoin. we are see many indian people which is trying to make money from many ways especially with bitcoin. and if there is any investigation from the india government, i think they are really concerns and want to prevent money laundering in their country and because bitcoin can hiding someone money, the government will against any illegal activities that might be happen in their country. so if they want to do this, then i think they can do whatever they want and i am sure that only few people that using bitcoin for illegal activities. lets we wait for the next news from their government.
I thought bitcoins weren't going to be declared totally legal in India, similar to Japan. What happened to that!? Also it seems that Russia is actually loosening the reigns not tightening them.
Who told you that Bitcoins were about to get legalized in India? The Reserve Bank of India (RBI) never said anything in that direction. On the other hand, the RBI authorities had issued multiple warnings about Bitcoins, even in the past. At no point of time, the central bank authorities said that they were considering legalizing the coins.
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 point of view India government is not wrong to do investigation towards illegal purpose of activities regarding bitcoin. india government have a right to do that to do their one of functions to secure their country from crimes. but the important point is how bitcoin users use bitcoin, nowadays many people are taking advantages of bitcoin features like anonymous and using services of bitcoin laundry to trace their crime 's track. we as bitcoin users should change mindset regarding this case.
I'm not sure, whether it's only a speculation or the latest decision from India's government. However, I certainly hope that India won't follow China & Russia track...
I thought bitcoins weren't going to be declared totally legal in India, similar to Japan. What happened to that!? Also it seems that Russia is actually loosening the reigns not tightening them.
as well as very confusing. on the other hand we want to get ease in transactions on the other hand there is a misuse bitcoin
hopefully the Indian state does not ban bitcoin as it is already happening in china today and this country added can formalize bitcoin with the conditions imposed eg in tax payments so that society and government complement each other and no party is harmed.
The Reserve Bank is uncomfortable with "non-fiat" cryptocurrencies such as Bitcoin, its executive director Sudarshan Sen said today
By that statement, it's clear the the reserve bank there are against bitcoin, it's like stating their refuse to bitcoin clearly. the regulations which I expected to soon to be released will most probably tighten the rules even more or simply ban the existence of bitcoin in that area.I'm sure that if india government only planning to release regulation to tighten the rules, it's to benefits their bank and to make bitcoin struggling there.
The Reserve Bank is uncomfortable with "non-fiat" cryptocurrencies such as Bitcoin, its executive director Sudarshan Sen said today
Maybe it's because the transactions in blackmarket that using Bitcoin. Then, government become confuse how to deal with Bitcoin.
Bitcoin may give us freedom and privacy. But Bitcoin also can be use to buy guns and drugs in blackmarket. I'm talking about the Deep Web.
Let us hope, this problem will get answer and solution. It's not fair to block all the Bitcoin transactions, just because criminalities.
Bitcoin may give us freedom and privacy. But Bitcoin also can be use to buy guns and drugs in blackmarket. I'm talking about the Deep Web.
Let us hope, this problem will get answer and solution. It's not fair to block all the Bitcoin transactions, just because criminalities.
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