Topic: Bitcoin Ban In India - page 4. (Read 2366 times)
The Indian government set up a commission whether to adjust or restrict it and now it will depend on the committee's report. The government can only put a few directions into its mission but not add to the boycott.
So, it seems like Bitcoin to be banned in India is not yet final, because it will still be depends on the committee's report. So there are still hope for what the country of India are planning regarding the use crypto currencies by their citizens. I hope this will not happen to other countries but a good news.
Any one From India?
Is it true that Cryptos will be banned in India??
Do we have to Pay taxes to Indian Govt. For keeping Cryptos
Im still don't know how the exact decision of India's governments regarding to the bitcoin. I think they still considerating the negative or the positive side if they decided to banned the bitcoin in India. Is it true that Cryptos will be banned in India??
Do we have to Pay taxes to Indian Govt. For keeping Cryptos
Bitcoins are not banned in India but they are trying to implement laws related to bitcoin. The government set up a commission whether to adjust or restrict it and now it will depend on the committee's report.
As i've heard india central bank officially banned bitcoin and other cryptocurrencies along with they statement they say they will be launching their own fiat currency. The Central Bank says entities regulated by RBI will not be dealing with or provide services to any business or individual dealing with cryptocurrencies effective immediately due to the risk it possesses.
Bitcoin and other cryptocurrencies transaction has been banned in India by the Supreme Court. They have banned it stating that the currency must be in physical form with the government's stamp on it.But
many people in India use Bitcoin, which one cannot be banned it.
many people in India use Bitcoin, which one cannot be banned it.
this is a big disadvantage for India in my opinion, because with a large population may be able to utilize bitcoin well. but this may be the government's consideration of the established regulations and this may be the best for India.
India’s Supreme Court has upheld the central bank’s directive of prohibiting banks from offering services to the domestic cryptocurrency sector in July 20,2018. India’s Supreme Court sets September 11 date for final cryptocurrency petition hearing .Howerver, it is rumored an inter-governmental committee of multiple ministries tasked to form a framework for the cryptocurrency sector isn’t considering any outright ban of cryptocurrency trading. Instead, authorities could enforce new regulatory norms that are likely to classify cryptocurrencies as commodities.
Maybe there is a huge community of bitcoin coming from India, but it does not make much sense in here, i mean, there are a lot of people from there, but most of investments are coming from other countries, so it does not affect much after all
This is the wrong message that many people in India use Bitcoin, which cannot be banned.
India says it does not consider the code to be a legitimate bid and will try to remove payments using coins like bitcoin. If the digital currency finally faces the ban, it means that sales dropping can lead to slow Bitcoin prices.
Bitcoin and other cryptocurrencies transaction has been banned in India by the Supreme Court. They have banned it stating that the currency must be in physical form with the government's stamp on it.
The vast majority of the negative news about bitcoin and the cryptographic money totally are most circumstances bits of gossip and FUDs spreading Lie's in other to exploit the market, they are out of stock and are searching for approaches to cause freeze in the framework with the goal that amateurs will start to race into freeze offering and they purchase shabby. The administration can just place a few directions on it tasks yet not add up to boycott.
Theres really no confirmation regarding the ban of bitcoin in india which means it is still a speculation. There may be some restrictions regarding its use but not really completely banned. Banning bitcoin in such country would really be a loss to them.
No bitcoin is not banned in India but they are trying to make laws regarding bitcoins. There were some rumors that bitcoin is banned in India it all spread by the Indian news channels and the news papers but reality is RBI is keeping all the people aware that bitcoin is risky and any loss will not be their responsibility but people and media took it wrongly. Government set up a committee to whether regulate it or restrict it and now it will depend on the committee's report.
Bitcoin cannot be banned by india country.And they also want to adopt Blockchain Technology to make a successful digital India.
If they took taxes to unban crypto.I'll still love to pay tax instead of getting banned.. I hope today we'll have a positive hearing from the court. just crossing fingers
Government has no directly ban the crypto currency in INDIA. So the case is in supreme court , it can provide some relief and come up with some rules.There are many companies who got license from indian government for crypto trading , so they can not be easily thrown out o country.
Soon I'll go to India. Will I be able to use my crypto assets there, or should I be very careful?
India does not have a comprehensive ban on bitcoins. There are many IT workers in India. Their acceptance of bitcoin is very high. The government of India may only have some regulatory measures for bitcoin.
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