Topic: Bitcoin finally legal in India (Read 9453 times)
i think that Legalization is always a good thing. so hoped It's good news if really Bitcoin was legalized in india. bitcoin is a growing economy so there may be countries that are accepting btc but there are also countries that is trying to make there own blockchain for there altcoins.thanks
In the past years performance of bitcoin in the whole world. India sees the potential and opportunities that will bitcoin give. The partnership of the government with bitcoin can open lots of doors to success since bitcoin provides a time killing for every financial transaction and convenience to everybody. Bitcoin establish a well develop society where in the government and the people itself will benefit in future. Changing the life of everyone is their main goal and make a civilize society for the innovation of a bright future.
Good news.India is a huge market and very promising.I hope after this news of bitcoin will rise.Generally very happy when in any country of the world bitcoin is recognized and legalized.This is encouraging.
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Well it is great news, bitcoin will get more better and stronger if all country will adopt how to used bitcoin, and hoping that this year of 2018 more country will support bitcoin, so bitcoin price has a chancr to pump more higher. posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Its good news for cryptocurrency fans in India. I think many government will accept bitcoin for investment or for trade because government can not ignore taxes potential from cryptocurrency trading
Do you think it is good to buy bitcoin? But why? It is too expensive, $20 gives you very little less than 1% of one single bitcoin. $20 gives you 0.002 bitcoin, that is 0.2% of 1 bitcoin. If you buy inexpensive coin like Experiencecoin, $20 gives you about 2,000,000 experiencecoins. That is 0.01% of the entire Experiencecoin supply!!!! 0.002 bitcoin is 0.000000000112% of the entire bitcoin supply.
Finaly good news the cryptocurency revelotion is taking over
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Wow! thats a great news,and this is good for the people of india,and we know that there's so many indian people are benefited of this good decision into there government,even there some parliament groups or critics in india thats they compared its a ponzi scheme,even they know the real purpose of digital currency into the growth of economy,actualy theres are saying that we cannot please everybody to make them happy,only we can do to is to create in our own destiny,so therefore by this decision into the country of india,i know people of india celebrate it,especially those bitcoin investor.
I really don't know how they legalize or i-legalize such thing as bitcoin because you are using it with your own internet and computer hardware maybe they just not supporting it before but every citizen of India can use it no matter what happens unless their government issue a criminal liabilities in using bitcoin.
I think no countries that rules as bitcoin holders as criminals. Holding bitcoin is right. Using bitcoin for transaction is prohibited in several countries . Even buy and sell using USD is illegal. some countries should use their own currency.
On June 20 yesterday, CNBC India reported that the Indian government committee has decided to support the advancement of digital currency (Bitcoin) and is now trying to create a regulator that will regulate any performance in the Bitcoin exchange in the short term.
oh yes, finnally a good new
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
I think legalizing bitcoin in India is a good news and I think it will affect the price of bitcoin. India has been regulating its individuals in using bitcoin and now that it is legal, they now might use bitcoin as much as they want. But I think some businesses might try to amend it and try to regulate it so that it wouldn't interfere their profits but nevertheless, legalizing bitcoin in India is good for all of us. posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Legalization is always a good thing. People can open bitcoin related business without fear, and use it so too. Sure, even in an "illegal" situation, no one can really stop you from sending bits to other person nor stop that other person from considering these bits are "money". But the environment influences our decision and a "legal" environment is more friendly for the most people.
It is how the country handle the bitcoin. The problem is, when this "illegal" thing happened. It may or it may not affect the users of bitcoin. But as far as the government of the country highly secured and handle the bitcoin. or maybe they should implement a law about using a bitcoin properly. i think legalizing bitcoin will never be a problem.
When you post this statement, the Indian government has planned many things to dictate bitcoin. Ranging from spreading bad issues about bitcoin to the layman to high tax payments for every bitcoin user there and it's proven now, that the Indian government is greedy.
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Great news! A better expansion in Asia is at hand and thank you, India for making opening your doors to investors and enthusiasts alike who, I hope, that are willing to make a difference in the industry of monetary systems and I hope as well bitcoins unite the world.
"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.
Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
Great news! A better expansion in Asia is at hand and thank you, India for making opening your doors to investors and enthusiasts alike who, I hope, that are willing to make a difference in the industry of monetary systems and I hope as well bitcoins unite the world.
Legalization of Bitcoin in India would be a great thing for those people who are not wealthy there. It would be a great opportunity for them to start and work for something that is worth it.
I think the news about India legalizing Bitcoin is very good, hopefully other countries will behave like India, I think India legalize Bitcoin for investment not as a means of buying and selling goods such as using fiat money in everyday life.
please neatly first his writing, because you said the news loaded July 20, 2018, while you write this thread on July 15, 2018, are you a time traveler? haha lol!
but apart from that, the news is great because in the past months many countries banned Bitcoin and now India is opening a business for Bitcoin.
this can raise the price of Bitcoin itself.
but apart from that, the news is great because in the past months many countries banned Bitcoin and now India is opening a business for Bitcoin.
this can raise the price of Bitcoin itself.
Hello. Under these circumstances, I begin to think that India is driven by intelligent people who see the chance of earning some money for the state through taxes and taxes. It means that India has some powerful and very smart people in leadership
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