Topic: After China & Russia, now India - page 8. (Read 3292 times)
These countries are seeing bitcoin has a threat. It brings all the that fiat currencies bring, and also it's a problem for bankers and corporates because cryptocurrencies are decentralized, thus not controlled by them.They aren't worried about dollar or yen, or euro being used in money laundering, but there has been many things like that happening also, and maybe they even don't know, so if it happens in crypto why are all they tensed and all? Maybe because they are afraid of losing financial control over the population, and bitcoin can bring that !
This might be some sort of clarification in regards to their stance about bitcoin. Probably some regulations that monitor money laundering cases closely but regular trading and exchange won't be affected unlike the case in China. India is one of the blooming markets in the East which also delivers great volume to trading on an everyday basis. Indian officials know this and might be stricter on their AML regulations but not to the point where they would need to ban bitcoins.
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?
Concern =/= ban. India is fine.
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?
Well obviously governments always have issues on anything, they always want to get something out of it that's why they are "concerned" they also want to earn something than making their people earn. Unlike other countries, that they prioritize their people. Also, the government wants to control bitcoin as the same as money so that people won't over earn and they won't have any problem controlling and so that every time their people earns bitcoin they want always a part of 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?
When government is drafting regulations for something they need to consider positive as well as negative aspects of a commodity. Nobody can deny the possible use of Bitcoin or other cryptocurrencies in illegal market where India is already has the problem of black money. Llike every other invention Bitcoin has some negative effects, but we certainly can't ignore the potential of Bitcoin in global financial landscape. India can't ignore Bitcoin when it is trying to make a place in World's economic system. If Bitcoin booms and India banned it, then India will be at loss. I think government can tackle the formal problem effectively by putting some rules and regulations at place. There won't be any need of banning 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?
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 have heard many times that Japan legalized bitcoin but have never seen documentary proof of this. I think that the same can be said about India. People often do not see reality but only what they want to see. I don't want legalization. I was quite happy with the status quo.
I think it will be a general trend to regulate somehow the cryptoworld as it will become bigger and more important. It is just question of time when it comes.
any other sane person in the whole world would have "Concerns" about bitcoin. that is nothing new. every government in the world shares these "Concerns" it is not a thing to really discuss. if a country didn't show any "Concerns" about bitcoin then you have to start worrying about your government's competence.
and India has adopted bitcoin and that is the only thing that matters. just like China, Japan, Russia, Australia, US, Switzerland,...
and India has adopted bitcoin and that is the only thing that matters. just like China, Japan, Russia, Australia, US, Switzerland,...
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?
For me banning cryptocurrencies on India is still unimaginable, I don't see india will take the same stupid step by China. If they really want to monitor transaction then regulate cryptocurrencies trading ang exchanges.
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?
thats only strategy for buy bitcoin cheap price
They won't know bitcoin if they know that bitcoin isn't anonymous, but only pseudonymous since all transaction can be viewed by anyone which means people can use it to track someone. Furthermore, there's company which specialize in tracking bitcoin usage/movement.
Just hope they won't ban bitcoin or regulate bitcoin too much.
Just hope they won't ban bitcoin or regulate bitcoin too much.
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.
Sometimes when we read too much news about bitcoin, it makes us afraid. Just take a breath or take a rest at home.
Sometimes the best way to ignore some negative feedback is to accept it, learn from it and make way to solve this problem because one you'll be able to meet something like this. You should be ready when it came back again, because that's life, you learn from it.Anyway, the government of India should start imposing a regulation to every exchanges in their country, just like how the other countries did 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?
thats only strategy for buy bitcoin cheap price
There is nothing to think. Bitcoin is not subject to the existing rules and therefore all governments are afraid to legalize it. In their eyes, by the budget are the big money flows and these flows will only increase. Any attempts of legalization of bitcoin will be directed against the interests of users.
Well the RBI has kind of separate version of it but it doesn't seem that there would be a absolute Ban.
There are no bad news about India and Russia, so please stop that FUD.
Especially Russia knows that cryptocurrency is the only way to defeat the US Dollar as word currency.
And if the would ban it, there are many other countries to take their place.
Mostly every week there are good news from other countries but the people are only listening to the FUDs.
They ll come up with regulations on legalising with Government policies and their own exchanges to be all legit and Safe, remember India is moving forward after demonization and government preference is more towards digital currencies, so India shouldnt see anything like china as of now.
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?
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