I think bitcoin can continue drive progress more years even it has no legal acceptance.
Topic: Bitcoin future in India (Read 922 times)
I guess the regulation is not clear is another risk. Bitcoin purchases and sales in India are undertaken under the premise that they are allowed because they aren’t explicitly disallowed.
i think they will be banned soon . in this area they don't accept for this market.
at first I was very surprised by the news, India is one of the countries with the most bitcoin turnover with the number of bitcoin holders in the country but I am sure that the ban will not forever the country will surely remove the ban
Nevertheless, the coin is not hated among all, as there are many countries who have started encouraging trading in Bitcoin, but India is not one of them. Both Indian government and its apex bank have refrained from giving Bitcoin a legal status.
One Bitcoin which last year valued nearly Rs 12 lakh in India, has now more than halved to near Rs 4.45 lakh.
One Bitcoin which last year valued nearly Rs 12 lakh in India, has now more than halved to near Rs 4.45 lakh.
If Indian government understand bitcoin and its advantage then I guess bitcoin get a big arena to deal and India will get those advantages.
An Indian policy cannot affect the cryptocurrency market because their economies are not huge and their influence is not as strong!
There is huge market in India as we all know and there are lots of cryptocurrency transactions there as well. But the goverment won't let the people make it more. But i am sure soon the Indian goverment will understand the importancy of crypto market and will let free everything. And that time the crypto money price will go to the moon!
this will not affect and how we really see the market reacted weakly to this news because india is not a big player in the market crypt...
The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?
In my opinion, if India does not trade during the day, it will reduce the capitalization of daily capitalization. Of course, for residents it is not a problem, they will find opportunities to replenish and withdraw, but for trade it is bad.
If this situation continues, the market will be very volatile. Can provide solutions to prevent the government to ban all exchange activities.
Do you think a ban can impact in crypto.. govt ban means more words about Crypto will spread that is a big marketing. So Don't worry it's p2p money. Lot's of option available for crypto.
I think that as in most countries where bitcoin is banned, it will not affect the local and global market. People will just ignore this and use p2p sharing.
Bitcoin has bright future in india so many people earning from bitcoin and if the govt. Is also leagelly accept the bitcoin so bitcoin has a bright future.
I think the bitcoin will become bright. The committee is currently investigating the possibility of using cryptographic encryption and encryption technology in financial transactions as well as the regulatory form required for that operation. Although the codified currency in India is being banned from the council, it is discussing its other uses and how to mainstream it in India.
The decision of the Indian government on bitcoin has little to do with the price due to bitcoin volatility and decentralization, because trading bitcoin can be done from the comfort of your home or any where in the world and at that the government has little or nothing to do about that fact.
I don't read in the news India banned bitcoin even some days ago I read one article India do it accept bitcoin. Therefore it's depends on the government in this country ,what he/Sha want to him can banned or unbanned.
Until now I don't see anything like bitcoin has been restricted by India so no need to trade or use them!
What I saw that they are going to legalize the crypto gambling in their country which literally means they want to accept crypto currencies.
What I saw that they are going to legalize the crypto gambling in their country which literally means they want to accept crypto currencies.
The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?
It seems to me that the future of Bitcoin in india is quite good because based on what I have read Bitcoin in their country is just like in the other country the Government did not recognized it as a currency but its not illegal and there are few merchants who accept bitcoin as a mode of payment and you can also earn legally in bitcoin.
Before changing of government on Indian its impossible to see bitcoin transaction will be available at india country. India people have give more space for new government to give transaction and allow by using bitcoin, they have choose another government to get and make transaction with bitcoin.
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