Topic: crypto currency ban in india - page 2. (Read 1552 times)
if all exchanges are banned in India then there is nothing that can be done, maybe waiting for the Indian government's policy to change about cryptocurreny or if you still want to use crypto then use the exchange outside of India
INDIAN govt or RBI never said that Crypto currency is ban in India
it has told that the bank never accept btc or other crypto currency
but till court hearing it is not illegeal but some peoples who dont know correct information making rumeos
it has told that the bank never accept btc or other crypto currency
but till court hearing it is not illegeal but some peoples who dont know correct information making rumeos
Thank you, then it's a high chance I'll move to India, but even if it would be banned, you can still sell bitcoins with people from other countryes with just a one or two connections. eazy. That is the charm of crypto. Crypto saved russia, and it could save some other countryess too
there always be a way to work around. trading might not be easy, but P2P should be all around places.
I feel so sad for this matter. I don't want this to happen for the country of India to have already been banned the use of crypto currencies. Well, I had a friend living there and he is using crypto cyreencies. I feel so sad when I read this. Well, I still have hope that this will reverse.
Prohibition of using cryptocurrency by the government is increasingly widespread in various countries. Now the ban also arises from the Government of India but will not establish penalties for cryptocurrency users and will only limit and close access to the use of cryptocurrency as a means of payment. However, India sees the advantages of blockchain technology and adopts and develops it for use in the national financial system.
They can't control people to hold some amount of btc , they can always warn people about the use of Bitcoin. I think its far impossible to ban it, they can always announce 100 times about banning crypto but they can't really ban people from owning one.
The Indian government has taken a position to remove the Bitcoin currency from its economy. India does not consider the virtual currency to be a legal means of payment and will do all it can to remove the Bitcoin support. for illegal purposes and payments, however the government is exploring Blockchain technology
hmmm, I think bitcoin is legally used in India because I see there are many investors and many bitcoin users in India, I think it will give the big effect of the bitcoin market.
hi......... if in case of crypto currency exchange or use of currency has banned by RBI in india means what is the further steps to withdraw the crypto currency
Try going underground. There is definitely a market underlying or working under the covers of India. There is always a way to pull out your bitcoins to cash. It's just that you have to find these people who are willing to transact with you. Always think one step ahead of the government.
This means that there is no exchange between the Indian currency and the cryptocurrency; if so, the Indians must convert to other currencies such as the dollar or the euro to exchange bitcoins.
How authentic is this news? If cryptocurrency is ban in India that would be a big blow to cryptocurrency enthusiast in the nation and in the world at large because India has a large populations
Quite bad news for Indian crypto adoptors as India has a huge population they could have used cryptocurrency for developing their economy. So far I know they might change their decision. Crypto user can use an alternative way for the transaction. So it is really pathetic and impatient incident for Indian huge crypto lovers.
hi......... if in case of crypto currency exchange or use of currency has banned by RBI in india means what is the further steps to withdraw the crypto currency
In India April 2018 India high court ban cryptocurrency in India. According to reserve bank of India (RBI) no cryptocurrency sites are not permitted to exchange cryptocurrency with any indian bank. Which means no cryptocurrency can convert into Indian currency. According to Indian government bitcoin put negative effect on their country economy and also affects the country national currency. You can do all the cryptocurrency related work in india like signature campaign job, trading except mining but you can't convert it into Indian currency.
well. at least in india, cash deal still works. transfer among wallet still works. to log in to exchanges, just use VPN.
Efforts by electronic money exchanges in India to lift the ban from the central bank have initially failed, but they still have hope. Market India has been severely affected by the RBI ban, leading to the closure of at least one electronic trading platform recently.
So many countries had banned cryptocurrencies already and it will not surprise me anymore regarding with that news. Besides, i am quite sure that not all countries around the world will ban cryptocurrencies for good.
you cant ban crypto, in reality countries that have no idea what crypto is exactly, ban "that new thing" because it can be disrupting in theoryvery few goverments in the world (smart ones) embrace it, let it develop itself first then regulate not other way around
I feel so sad for this matter. I don't want this to happen for the country of India to have already been banned the use of crypto currencies. Well, I had a friend living there and he is using crypto cyreencies. I feel so sad when I read this. Well, I still have hope that this will reverse.
definitely right, that cryptocurrency in india is ban a bitcoin. because of their gorvernment and india information technology sector that says bitcoin and others digital assets are illigal in india. want to contact the india court and give the government within two weeks to submit to the crypto report of the supreme court brough up in a case againts the cryptocurrency banking ban through the reverse bank of india.
So many countries had banned cryptocurrencies already and it will not surprise me anymore regarding with that news. Besides, i am quite sure that not all countries around the world will ban cryptocurrencies for good.
It's a small resistance. Everything must change.
Of course, it is not the most positive decision of the Indian government, but bitcoin will not sell all the citizens of this country, most likely. Many may simply leave it as a long-term investment or use VPN.
They can block the websites but still VPN helps a lot to access to this, but trading still really not the safest option if it's banned by goverment I will not even try to trade without VPN or any other method it's still not this safe to trade even with VPN if country disable any crypto currency movements Jump to: