I dont understand these news. I should say more - I dont understand people who believe these news and especially people who make decisions to buy/sell depending on these news. Why are you like that??
Bitcoin was made to be DECENTRALIZED electronic cash system. Governments ban bitcoin(lets say) but they cant ban us - people who use bitcoin.
Bitcoin will work ANYWAY - no matter what
So I truly dont understand all these peole
Topic: "Bitcoin annonced as illegal in india" not TRUE - page 5. (Read 1966 times)
This is just a FUD,most of the big players always does this fud spreading to get these people to sell their bitcoins,then they will easily take profits and aquire more bitcoins,this is how dirty these big players manipulating ther market.
Is there a link to the news?
Has the Indian government declared it illegal to invest in bitcoin and encrypted cryptocurrency?
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
Indian Govt. did that because a lot of people in India bought Bitcoin and may be have more money in BTC then in national currency. In this case can be undermining of national currency, that is not favorable for national government. I think everything is easy.
They think they can stop bitcoin. There will be black market after that and the country benefit nothing from black market. Crypto users are not stupid. How strong india and china? In fact, Chinese still can trade and invest in crypto asset. Just , wait for Indians do the same a Chinese.
Every day we have terrible news...WTF?? Maybe capitalists understood, that the crypto is real danger for them? 
Most of these news are fake, especially for most people to sell their coins. Now you just need to wait. Only HODL Every day we have terrible news...WTF?? Maybe capitalists understood, that the crypto is real danger for them?
It could be like you think. Remember that big businessmen control governments.
Every day we have terrible news...WTF?? Maybe capitalists understood, that the crypto is real danger for them?
In my opinion, the unstable market fell again against the backdrop of this news. That's from whom I did not expect this, it is from the Government of India. They have always been loyal to the crypto-currency market. This is a very strange statement. Let's see how it ends, but for the inhabitants of this country this is very bad news.
Same story once at each 3 months.. only calm down and hodl!
$13000 = HODL
$12000 = HODL
$11000 = HODL
$10000 = HODL
sell at 12000 and buy at 9500. that's cool. I always read hodl here, hodl. And you lose your money. High sell and buy low is much better. Let's see where the BTC price is in a week? 5000 and HODL?
there are many countries that ban Bitcoin and only prohibit Bitcoin made as a means of payment or used for sale and purchase transactions, I think India do this too..
Typical FUD when the market looks weak, just to make more people get out. I remember they kept on saying China would ban Bitcoin. Funny thing is, these tactics are usually only prevalent during tax season. As long as it can be regulated in some way, I highly doubt Bitcoin will ever be permanently illegal in India.
Same story once at each 3 months.. only calm down and hodl!
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Brilliant, I was wondering why Bitcoin was dumping this hard but that makes total and complete sense. How many gov'ts are going to come out and ban? Can we all do this tomorrow please so it is not to effect the markets? Please and ty 
It was said that usage of bitcoin is not legal in India, but they did not say using it is against the law... and they need to use Fiat to pay in their purchases, and daily transactions this statement is to fight against money laundering and fight against terrorists and terrorism activities by the means of stopping usage of bitcoin in purchasing supplies for their weapons...
No no no they have not. This not true. They just said bitcoin isn't a legal tender of currency, which is true for most other countries as well. Legal tender is a currency in which rejecting payment is illegal, bitcoin is not legal tender in most countries. They reinforced just that, which they have multiple times in the last 3 years. So half knowledge about news and economics has given this nothing news fud status and caused bitcoin to go under 10k $. Which hopefully it bounces back from.
If this news is not true, why create such topics? Or it was done, in order to make FUD and mislead the holders of bitcoin or alt crypto coins. I do not know another explanation. There are bad news from all sides, which have a negative impact on panicsellers
We should wait for the law or regulation to be enacted. There is no enforcement without that. Its an intent going by the statement nothing less nothing more.
If that's true then this is a very sad news. It's not a long term decision that's for sure.
India's government wants to control, but no one can win the fight against crypto.
You can still use crypto don't sell them all, just continue to do what you did before.
There are local dealers that will buy coins and you still can earn big bucks.
India's government wants to control, but no one can win the fight against crypto.
You can still use crypto don't sell them all, just continue to do what you did before.
There are local dealers that will buy coins and you still can earn big bucks.
No no no they have not. This not true. They just said bitcoin isn't a legal tender of currency, which is true for most other countries as well. Legal tender is a currency in which rejecting payment is illegal, bitcoin is not legal tender in most countries. They reinforced just that, which they have multiple times in the last 3 years. So half knowledge about news and economics has given this nothing news fud status and caused bitcoin to go under 10k $. Which hopefully it bounces back from.
Hello,
As far as I understand from the statement of the Finance Minister of India Arun Jathley, the government forbids the crypto currencies as a means of payment, but not as a means of investment and trade.
That is, places that accept crypto currencies will have to stop, but people will be able to trade on the exchange for the crypto currencies.
"The government does not consider the crypto currencies as legal tender and will take all necessary measures to eliminate the use of these assets."
As far as I understand from the statement of the Finance Minister of India Arun Jathley, the government forbids the crypto currencies as a means of payment, but not as a means of investment and trade.
That is, places that accept crypto currencies will have to stop, but people will be able to trade on the exchange for the crypto currencies.
"The government does not consider the crypto currencies as legal tender and will take all necessary measures to eliminate the use of these assets."
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