Bitcoin finally legal in India
I think sooner or later bitcoin will be made in the currency for all countries and in the legend
because it can be sure that bitcoin is the currency of the future given the era in the present
era that prioritizes digital technology and will be in all countries
Topic: Bitcoin finally legal in India - page 16. (Read 9531 times)
I think this is news that surprises us all, because India has a strict government on the rules of digital currency. But if that's the case, it can be good news for us all after the Chinese government has all the ICO activities in the country.
Yeah it is a pleasant surprise for me as well, it will increase the price of the bitcoin because the population of the India is so high and if all of them will use bitcoin it will take bitcoin to the highest price and it will be the best success ever. Now the other countries will realize the importance of the bitcoin and they will also try to make bitcoin legal in their country and soon it will be possible. 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.
To create an opportunity to declare incomes from bitcoin for example, it is important for large capital.
I see a lot of fake buzz about Bitcoin being legal in India when the reality is completely different.
The Reserve Bank is "uncomfortable" with non-fiat cryptocurrencies like Bitcoin
http://www.thehindu.com/business/Industry/rbi-is-not-comfortable-with-bitcoins-says-sen/article19677964.ece
How about that?
The Reserve Bank is "uncomfortable" with non-fiat cryptocurrencies like Bitcoin
http://www.thehindu.com/business/Industry/rbi-is-not-comfortable-with-bitcoins-says-sen/article19677964.ece
How about that?
However they already made the bitcoin as legal money to use. I have went with the zebpay article which speaks about that with the proper references. I personally had meet with many Indians in my career. I hope they will enjoy about this fortunate news. Please refer below with the link.
https://www.zebpay.com/legal
the news is very good, so bitcoin users will increase and more and more investors who join in it, bitcoin development in the next era starting from the country of India.
World's first populated country banned bitcoin and now world's second populated country made bitcoin is legal money to use it. Where we need more more human efforts we can well utilize the bitcoin better than anything. Since they are not a developed country they have to learn more investment option to pull their country up. However congrats India citizens.
the news is very good, so bitcoin users will increase and more and more investors who join in it, bitcoin development in the next era starting from the country of India.
I see a lot of fake buzz about Bitcoin being legal in India when the reality is completely different.
The Reserve Bank is "uncomfortable" with non-fiat cryptocurrencies like Bitcoin
http://www.thehindu.com/business/Industry/rbi-is-not-comfortable-with-bitcoins-says-sen/article19677964.ece
How about that?
The Reserve Bank is "uncomfortable" with non-fiat cryptocurrencies like Bitcoin
http://www.thehindu.com/business/Industry/rbi-is-not-comfortable-with-bitcoins-says-sen/article19677964.ece
How about that?
Well, i really don't know how you legalize or i-legalize something since it is something from the internet but it is a good thing that bitcoin is becoming legal step by step on different countries and eventually will be accepted worldwide.
"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."
belated to be greet by me. and welcome to the bitcoin world india, im so happy that bitcoin is spreading now all over the globe. i hope that those other country will accept this bitcoin too. like here in our country bitcoin is totally accepted and legalized, supported of some major banks and this bitcoin legally operated in our whole country.
Finally theres a way that can help india to skip from poverty. Aside from India is very fluent in english these can also help India to upgrade the technology.
It's a good news India joined, the market of bitcoin will increase and soon will be more powerful than ever. I expect other will join and the market will explode, in a good sense.
In India, government has still not announced anything officially related to legalization of Bitcoin. Since start, RBI as well as government officials are not welcoming to Bitcoin. However, recently there was a news that RBI is deciding to launch their own cryptocurrency. But never cleared their stand on Bitcoin in particular.
This is because India gov very hate China gov. So when they hear China gov ban bitcoin they make bitcoin become legal 
))
)) 
Finally, something positive for the industry. Authorities are now taking this technology seriously. We have been trying to get their attention for years now. I am glad it's all happening at the right time. At Coinsecure, we are seeing a massive increase in the number of users and volumes. We are positive with what will happen in these coming three months.”
In this statement despite of many critics politicians are against with it, still majority of their officials decided to make it legalized bitcoin to their. I think most of their citizens was already a bitcoin enthusiast that's why decided to do that, were all bitcoin users to their country can buy bitcoin to their exchange which is Coinsecure. This is great and good news again to all bitcoin bitcoin fanatic.
In this statement despite of many critics politicians are against with it, still majority of their officials decided to make it legalized bitcoin to their. I think most of their citizens was already a bitcoin enthusiast that's why decided to do that, were all bitcoin users to their country can buy bitcoin to their exchange which is Coinsecure. This is great and good news again to all bitcoin bitcoin fanatic.
Believe me. If bitcoin will be embraced and legalized in India on par with fiat money then the price will skyrocket like never before. Nothing like this happened so far...
If you think that Japanese bitcoin adoption was a big move, then wait for India, the second impactful country in the world if we are talking about consumer base.
People are delusional and repeat the same old news over and over again. This is why bitcoin exchange rate can be so unstable - it is all in people's heads.
If you think that Japanese bitcoin adoption was a big move, then wait for India, the second impactful country in the world if we are talking about consumer base.
People are delusional and repeat the same old news over and over again. This is why bitcoin exchange rate can be so unstable - it is all in people's heads.
"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."
Its really fantastic that the bitcoin is now legal in india now there's one country that add in bitcoin using i hope that in my country legalize it i dont think if bitcoin in my country is legal cause there's no more information in my sorroundings about bitcoin. Anyway congrats india for being legal the 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."
I see a lot of fake buzz about Bitcoin being legal in India when the reality is completely different.
The Reserve Bank is "uncomfortable" with non-fiat cryptocurrencies like Bitcoin
http://www.thehindu.com/business/Industry/rbi-is-not-comfortable-with-bitcoins-says-sen/article19677964.ece
How about that?
The Reserve Bank is "uncomfortable" with non-fiat cryptocurrencies like Bitcoin
http://www.thehindu.com/business/Industry/rbi-is-not-comfortable-with-bitcoins-says-sen/article19677964.ece
How about that?
This is a good news. If the people of India do not do any criminal acts in bitcoin, there is no harm in the country. Anyway validity is a good thing. Bitcoin will improve. The people of India will be interested in using Bitcoin. So they will not have poverty. People will be able to interact and deal with each other with the help of Bitcoin.
Funny to see how people believe that any government would permit the use of uncontrolled currency in the country. This will never happen. The government want to take turnover taxes bitcoins, but never reply. Why do we have such legalization?
we really hope our country can be like India, but in fact the banks in our country prohibit to hold payment with bitcoin system 
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