Topic: Bitcoin finally legal in India - page 23. (Read 9531 times)
Funny side of the story is that most of the MP don't know much about it yet still it is legalized in india. However this can be a good chance for indian economy as it can be used for money laundering.
If your submission that bitcoin has finally been legalize in India is true then that will be good news for bitcoin world. I believe the positive impacts would be that more people will start making use of Bitcoin and equally more retailers and institutions that are skeptical about whether to accept bitcoin or not will start accepting bitcoin, and it will make things easier for people, especially those living in India.
I couldn't find anything that's saying that bitcoin is legalized in India, other than the OPs link. Tho, it would be nice but who knows when will that be fulfilled at all.
You're right. It is just a clickbait headline. I have reported many times but looks like people are interested in keep on discussing fake news, not in knowing facts.
https://bitcointalksearch.org/topic/m.20182137
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.
The legalization and taxation side of Bitcoin does not appear when you are just trading Bitcoin from person to person, or just selling some goods or services to another person. However, it does appear when you look at businesses in real life that accept Bitcoin and exchanges that deal with Bitcoin. If you look at Australia for example, they just changed their taxes so that there is no longer any double taxation when you use Bitcoin, although, this never affected anyone who just did peer to peer trades and didn't purchase Bitcoin off an online exchange. I guess that is the same with the legalization of Bitcoin in India. It is now legal for businesses to accept Bitcoin and use it.It's good to see bitcoin is approved by many countries. If all the countries accept the bitcoin means ,all the online transaction will be made by Bitcoin. Henceforth the price of bitcoin will keeps on increase day to day.Then we can use bitcoin as a legal currency. At last bitcoin will replace the dollar.
Yeah it really is great to see more countries accept Bitcoin, however it doesn't mean that all online transactions will be made with Bitcoin. There are still huge players in the digital transaction market such as paypal, skrill, paysafecard and a lot more. It will be quite some time before we see Bitcoin become a large player, if it ever does happen. 
If your submission that bitcoin has finally been legalize in India is true then that will be good news for bitcoin world. I believe the positive impacts would be that more people will start making use of Bitcoin and equally more retailers and institutions that are skeptical about whether to accept bitcoin or not will start accepting bitcoin, and it will make things easier for people, especially those living in India.
I couldn't find anything that's saying that bitcoin is legalized in India, other than the OPs link. Tho, it would be nice but who knows when will that be fulfilled at all.
If your submission that bitcoin has finally been legalize in India is true then that will be good news for bitcoin world. I believe the positive impacts would be that more people will start making use of Bitcoin and equally more retailers and institutions that are skeptical about whether to accept bitcoin or not will start accepting bitcoin, and it will make things easier for people, especially those living in India.
I couldn't find anything that's saying that bitcoin is legalized in India, other than the OPs link. Tho, it would be nice but who knows when will that be fulfilled at all.
If your submission that bitcoin has finally been legalize in India is true then that will be good news for bitcoin world. I believe the positive impacts would be that more people will start making use of Bitcoin and equally more retailers and institutions that are skeptical about whether to accept bitcoin or not will start accepting bitcoin, and it will make things easier for people, especially those living in India.
I like it, it is happen now, India is a big country, and India has a huge population, and India's people are very hard working and skillful people. I think in this way, bitcoin get more popularity and the other countries to see this will be accept bitcoin as a legal currency very soon. To see this i also wish that the day will come soon when i will use bitcoin as a legal currency in a market.
I like the news only for the same reason. I think it's good for bitcoin. Now more people will come to know about bitcoin and it's adoption and thus acceptance and also use will increase and that's good for bitcoin and the entire bitcoin community. 
Really, this should be a cherry news not just for Bitcoin enthusiasts but for the third world countries too. It shows how the wildfire is catching on with modernization. This acceptance will further grow the awareness and survival of the Bitcoin technology globally considering India's very large population.
Another step towards the success, however bitcoin is already successful enough as it is being used all over the world. Legalization of bitcoin in different countries is making bitcoin more stronger and more valuable.
I have not heard anything about legalise in India if it will be legalised in India Bitcoin price will definitely Boom Boom. I have heard that it is still in process to legalise in India.
Currently there is no official news announced by Govt of India whether they have made btc as legal or not. This is yet to be announced and rest are just assumptions or from some unofficial news heard by media etc. Until the Govt declares it legal this is still under cautious state in India as said by RBI previously.
I like it, it is happen now, India is a big country, and India has a huge population, and India's people are very hard working and skillful people. I think in this way, bitcoin get more popularity and the other countries to see this will be accept bitcoin as a legal currency very soon. To see this i also wish that the day will come soon when i will use bitcoin as a legal currency in a market.
India is very big country,population is also high.Over the past few years, despite the lack of regulations in the Indian digital currency industry, a few Bitcoin exchanges have sprung up and started operating with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place. These include startups like Zebpay, Coinsecure and Unocoin.india accepting bitcoin is good news.
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.
Well, I think it’s a great news because legalizing of bitcoin will help one’s economy to grown up and it will help many unemployed to get a high income. In addition to that, by using bitcoin you could make money and legalization of bitcoin in India was very nice and I think many people in India will use it in their business. Lastly, I hope in my country bitcoin will legalize in the future and it will consider as money. 
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.
The legalization and taxation side of Bitcoin does not appear when you are just trading Bitcoin from person to person, or just selling some goods or services to another person. However, it does appear when you look at businesses in real life that accept Bitcoin and exchanges that deal with Bitcoin. If you look at Australia for example, they just changed their taxes so that there is no longer any double taxation when you use Bitcoin, although, this never affected anyone who just did peer to peer trades and didn't purchase Bitcoin off an online exchange. I guess that is the same with the legalization of Bitcoin in India. It is now legal for businesses to accept Bitcoin and use it.It's good to see bitcoin is approved by many countries. If all the countries accept the bitcoin means ,all the online transaction will be made by Bitcoin. Henceforth the price of bitcoin will keeps on increase day to day.Then we can use bitcoin as a legal currency. At last bitcoin will replace the dollar.
Yeah it really is great to see more countries accept Bitcoin, however it doesn't mean that all online transactions will be made with Bitcoin. There are still huge players in the digital transaction market such as paypal, skrill, paysafecard and a lot more. It will be quite some time before we see Bitcoin become a large player, if it ever does happen. 
https://bitcointalksearch.org/topic/m.19685535
Quote
However, chances of legalising currencies like bitcoins are very bleak, the official said. On the other hand, banning bitcoins is not easy. Simply because one doesn't know who is trading or operating it, he explained.
Quote
"We may monitor these currencies for some time and then see how it progresses. It can then be concluded if at all there is a need for a regulator,” the official said.
Thats really a great news for bitcoiners in india.Earlier,they were fearing that bitcoin might be declared illegal in india.This announcement might be a great relief for them.That BJP member has no knowledge about bitcoin and he should know that a ponzi scheme will not be legalized by japan or other countries.
This is a great news in bitcoin society. Having bitcoin legalized in many countries will also give us the confidence that bitcoin bitcoin will not come to an end. It attracts so may investors as well so this is a reminder for us not to worry about how bitcoin will be in the future.
Did they finalize things,i just hear rumors that so and so will be implemented and the final news i heard is that they are planning to charge a tax for bitcoin like they do with gold and if that is the case the government will benefit but there wont be much benefit for the bitcoin users.
That's exactly what Australia and Japan weren't getting rid of so if that's really the case then India is well behind on their laws.
It's good to see bitcoin is approved by many countries. If all the countries accept the bitcoin means ,all the online transaction will be made by Bitcoin. Henceforth the price of bitcoin will keeps on increase day to day.Then we can use bitcoin as a legal currency. At last bitcoin will replace the dollar.
It mean GOLD is over.
No Gold rates are more stable than Bitcoin.Gold has been able to withstand the test of time and so isn't risky for people to invest into it compared to Bitcoin which has been in existence barely 10 years ago. No doubt gold isn't as volatile as Bitcoin but they are both not useless at all and I'm glad India with all their population are going to support it now that it's been legalized over there.
You see now, the same thing will happen with Bitcoin's biggest test on August 1st. After that, I'm sure BTC will be as stable as gold.
Jump to: