"Bitcoin annonced as illegal in india" not TRUE - page 3.

sourish

full member

Activity: 532

Merit: 114

Its cool that you have noted the misunderstanding. Thanks for sharing which seems to be meant well, and the following correction.

Kivalar

newbie

Activity: 57

Merit: 0

Quote from: brainitterem on February 02, 2018, 07:19:05 AM

as i read it was fake news about india, and people just panicked for nothing, its like always for years was with chinese nothing new, people love panic to rebuy more crypto at cheap, because news matters wwe will receive more this kind of fake news in future, so we can cut profits from newcomers.

Where are you read that it's a fake news?

ycoin123

newbie

Activity: 56

Merit: 0

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

Hey Guyz,

There was a lot of drama After budget declaration in india that crypto is illegal in india from now on.

But after checking the statements made by indian FC, I can say that maybe Bitcoin trading is not illegal in india.

Sorry for all the mis-understanding.

Trade btc with no FEAR

can you share this news link I mean why do people post this stuff here if they don't know about it this is called spamming you know

ukw

sr. member

Activity: 616

Merit: 250

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

Hey Guyz,

There was a lot of drama After budget declaration in india that crypto is illegal in india from now on.

But after checking the statements made by indian FC, I can say that maybe Bitcoin trading is not illegal in india.

Sorry for all the mis-understanding.

Trade btc with no FEAR

This is a quote from the Minister of Finance of India:
"The government does not consider crypto currencies as a legal tender and will take all necessary measures to eliminate the use of these assets."

This does not prohibit users from trading or investing in coins on the crypt-exchanges. I think!

coinforlife123

newbie

Activity: 42

Merit: 0

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

Hey Guyz,

There was a lot of drama After budget declaration in india that crypto is illegal in india from now on.

But after checking the statements made by indian FC, I can say that maybe Bitcoin trading is not illegal in india.

Sorry for all the mis-understanding.

Trade btc with no FEAR

Indian government is hurting their own economy they are hurting progress in their country

CoinMaker7

newbie

Activity: 56

Merit: 0

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

Hey Guyz,

There was a lot of drama After budget declaration in india that crypto is illegal in india from now on.

But after checking the statements made by indian FC, I can say that maybe Bitcoin trading is not illegal in india.

Sorry for all the mis-understanding.

Trade btc with no FEAR

Indian government is hurting their own economy they are hurting progress in their ccountry

kingcoiner001

newbie

Activity: 55

Merit: 0

Quote from: Mudit47 on February 01, 2018, 04:30:26 AM

Quote from: Timeme on February 01, 2018, 04:20:15 AM

Is there a link to the news?
Has the Indian government declared it illegal to invest in bitcoin and encrypted cryptocurrency?

Yeah today was budget declaration for 2018 in india, and cypto was announced as illegal and also announced that they will take all necessary steps to stop crypto in india

That is the most stupidest shit i have ever heard all they are doing is they are damaging their countries progress and economy

Brito

full member

Activity: 243

Merit: 100

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

Hey Guyz,

There was a lot of drama After budget declaration in india that crypto is illegal in india from now on.

But after checking the statements made by indian FC, I can say that maybe Bitcoin trading is not illegal in india.

Sorry for all the mis-understanding.

Trade btc with no FEAR

As far as I understand, the Indian Government is trying to impose measures on the anonymous buying and trading of crypto currencies.
As far as it concerns if you buy with personal data and everything is transparent, it is not forbidden.

bitcoinboi

newbie

Activity: 18

Merit: 0

Indian gov't drama caused alot of trouble, but it also proved that how fake news can affect the market so easily. People need to stop believe in fake news.

tatnM

member

Activity: 434

Merit: 10

All this news was needed to drop bitcoin, and then buy it to anyone. In fact, everything was exaggerated very much! If we have passed the bottom, now only positive news awaits us!

gustavroy

full member

Activity: 450

Merit: 122

in my country my government said'trading bitcoin is a sin'.lol.also I read that news they understand wrong the expert which talked about bitcoin

jin_dv

full member

Activity: 406

Merit: 100

Good evening! Despite the fact that world news reports about the "ban" of bitcoin and other cryptocurrencies by the Indian authorities, India, in fact, does not prohibit any cryptocurrency or the ability to trade it on exchanges.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

I have a feeling that this Arun Jaitley guy is the dumbest member in Modi's cabinet. The middle class and the salaried individuals are up in arms after the recent budget. If Modi loses in 2019, then Jaitley would be the guy to blame.

peleng

full member

Activity: 196

Merit: 101

And it seems to me that the crypto currency in India can become even more attractive. After all, the forbidden fruit is very sweet. Perhaps in India the story will again be repeated with a ban on the production, sale and transportation of alcohol as in the United States in 1920-1933. How it ended we know. Cheesy

kingcoiner001

newbie

Activity: 55

Merit: 0

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

Hey Guyz,

There was a lot of drama After budget declaration in india that crypto is illegal in india from now on.

But after checking the statements made by indian FC, I can say that maybe Bitcoin trading is not illegal in india.

Sorry for all the mis-understanding.

Trade btc with no FEAR

that is really a bad move by the government of India banning BTC

Neuron76

jr. member

Activity: 31

Merit: 15

Quote from: brokkoly on February 04, 2018, 02:31:17 PM

Let’s think about what is happening, if cryptocurrencies were to drop to zero, which is the primary fear of a person who is in the 'panic-selling' mode, then the blockchain technology won’t take off. Even a country like India who recently said they want to stop 'illegal activities' wants to explore the blockchain technology. The only lesson history teaches us is, buy when it dips, sell when it peaks

There are enough 'panic-selling' mode people to drop the market. They hear smthng in the news and sell immediately, controlled by their fear of losing the money
However, that's a good opportunity for those who know what they are doing.

brokkoly

full member

Activity: 198

Merit: 100

Let’s think about what is happening, if cryptocurrencies were to drop to zero, which is the primary fear of a person who is in the 'panic-selling' mode, then the blockchain technology won’t take off. Even a country like India who recently said they want to stop 'illegal activities' wants to explore the blockchain technology. The only lesson history teaches us is, buy when it dips, sell when it peaks

crypto440

newbie

Activity: 42

Merit: 0

Quote from: Mudit47 on February 01, 2018, 04:18:13 AM

Hey Guyz,
So finally indian Govt. announced bitcoin as illegal currency. And they will take action against individuals who will invest in it.

So what should Indians do at this time?
Should they sell their cypto before its too late, or wait if future hold something good for them.

Or if they donot sell then will it be safe to do transaction or use exchanges in india?

Or is there any alternate way to sell crypto without attracting Govt attention?

REF-:

https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

http://www.livemint.com/Politics/xmBDOdP2H2hbXH7eV1VTqL/Budget-2018-Crypto-currencies-illegal-will-eliminate-their.html

https://www.hindustantimes.com/india-news/union-budget-2018-bitcoin-other-cryptocurrencies-not-legal-govt-to-eliminate-their-use/story-MrpXhzzrc9HwNxItWuGw3L.html

http://www.india.com/news/india/union-budget-2018-19-bitcoin-crypto-currencies-illegal-government-to-eliminate-its-use-says-arun-jaitley-2873185/

Hey Guyz,

There was a lot of drama After budget declaration in india that crypto is illegal in india from now on.

But after checking the statements made by indian FC, I can say that maybe Bitcoin trading is not illegal in india.

Sorry for all the mis-understanding.

Trade btc with no FEAR

great again the countries is getting in the way of it's own development

coin0101

newbie

Activity: 42

Merit: 0

Quote from: Mudit47 on February 01, 2018, 04:30:26 AM

Quote from: Timeme on February 01, 2018, 04:20:15 AM

Is there a link to the news?
Has the Indian government declared it illegal to invest in bitcoin and encrypted cryptocurrency?

Yeah today was budget declaration for 2018 in india, and cypto was announced as illegal and also announced that they will take all necessary steps to stop crypto in india

is there a reference you can share here?

atupolev

full member

Activity: 238

Merit: 100

Quote from: yanesna3 on February 02, 2018, 02:08:32 AM

Quote from: Timeme on February 01, 2018, 04:20:15 AM

Is there a link to the news?
Has the Indian government declared it illegal to invest in bitcoin and encrypted cryptocurrency?

Unfortunately this is the truth. I do not understand the real position of Indian government, but they declared Bitcoin illegal. Here is the video about it:
https://www.youtube.com/watch?v=zsvcXmJQjgw

Don't trust all the news. News about the prohibition of bitcoin in India turned out to be FUD... again
https://ambcrypto.com/bitcoin-not-banned-india-community-lashes-misinterpreted-news-published-certain-news-sites/

Topic: "Bitcoin annonced as illegal in india" not TRUE - page 3. (Read 1976 times)