Topic: crypto currency ban in india - page 6. (Read 1559 times)
There goes India's cryptocurrency market. The Reserve Bank of India banned banks from allowing people to transfer money from their bank account into Bitcoin wallets.If banks, e-wallets and any other entities regulated by RBI are not allowed to facilitate sale or purchase of cryptocurrencies, individuals will not be able to transfer money from any bank account in India into a Bitcoin wallet like Bitpay, nor will they be able to fund purchases of cryptocurrencies on an exchange. They'd have to figure out a way to pay people in cash.
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
I think india will regret it in the future because they banned bitcoin. Actually for me bitcoin can help country and make it better because there are so many benefits of having it and other thing is that there are so many people that working here and wanted to be legalized it.
Every country is different rules and regulation in their country. India goverenment think that bitcoin have to banned so they did. But aa i think bitcoin is very helpful for developed country.
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
Should the Indian government be able to compete with other countries in the world Cryptocurrency, because I think the Indian state will lose if it should prohibit Bitcoin.
many ways to make money withdrawal, just search on google! you will surely find it. so no need to worry about the incident and I hope everything can be in good condition.
The issues on Banned by countries whom critical with crypto Digital Currency transaction was been all over the news from the start of the Bitcoin entry into the crypto market trading. It maybe viewed with negative impact on crypto market, yet, it is the other way around. Let just wait until the global acceptance on crypto currency grow and eventually the government address this issue.
If your country has really banned transactions bitcoin. I think you can exchange bitcoins in other ways. Namely by exchanging it with other currency or by paypal and transfer it to your account.
Actually Crypto isn't banned in India.RBI has made circular to banks that they won't entertain crypto exchanges.But the Indian exchanges are launching p2p exchanges and there's nothing to worry about.
If your country has really banned transactions bitcoin. I think you can exchange bitcoins in other ways. Namely by exchanging it with other currency or by paypal and transfer it to your account.
This is a bad move and has a serious impact on the Crypto market, which will cause the market price to fall sharply for this reason alone.
If crypto currency ban in India then we can withdraw our money with Wazirx.com exchange also we can sell our bitcoin on local bitcoin.com to Indian seller. this is the possible way to withdraw our money but still Zebpay is giving withdrawal and RBI already say investor can invest on their own risk.
but finally in my opinion they charge more tax on bitcoin.
but finally in my opinion they charge more tax on bitcoin.
actually, cryptocurrency is not banned in india in total. RBI has put some regulative rules on it. So, If you want to deal with it now the exchanges will give you further clues about what to do now
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
Crypto being the most controversial currency because of its volatile nature because its valuation keeps on flactuation with time and now in India there comes a notice on April 3 that all the crypto currencies will be ban in India so all the people have to withdraw their money from crypto and then they banned crypto from Indian market on July 2 but then there comes another news that there will be some amendments in that notice. 
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
this is another bad news that people panic to sell their bitcoins but i think this news is more good to dump more so it is a opportunity for us to buy more bitcoins or cryptocuyrrency while the value is too low dont trade for logn time incase its more good if we know how to trade it like short term term earn and earn and you will get a lot of money i am sure.
Cryptocurrency is not banned in india. It is RBI which has put some regulations on it. So, If you want to deal with it now the exchanges will give you further clues about what to do now.
It was clear from the beginning that RBI/Govt. is going to use blockchain in the future but they don't support crypto.
And in the month of April, 2018, RBI has banned all banks and wallets from dealing with any kind of cryptocurrency.
And in the month of April, 2018, RBI has banned all banks and wallets from dealing with any kind of cryptocurrency.
Many countries accepting btc or crypto currency based on their benefits but I don’t know why they are ban crypto currency where as many people of India can earn lots of profit but this is not good decisions taken by government also they will suffer based on this ban issues.
If people misunderstand about this prohibition. So this prohibition is not just to stop some of the official transactions anything on bitcoin into Indian currency types. RBI does not want businesses or other money exchange services to face any heavy losses due to bitcoin price fluctuations. That clearly means bitcoin can not be used by any business in India no matter whether you pay taxes or not. but that does not apply to individual users who sell bitcoins or buy bitcoins. That's why the local bitcoin sites are not affected. What is your opinion. Thanks
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
I will hope there's eventually India will cancel their decisions, seeing all this positive experience and the other countries around the world, because every law can be cancelled.
Now ,there are no other directions ,our holdings are in terms of crypto.So let's hope for good move from Indian government.
The directive of Reserve Bank of India only applies to the bodies that come directly under RBI’s guidelines. This doesn’t mean that this regulation will have no effect.All banks registered in India come under RBI’s regulation and have to follow its directives. This is bad news for cryptocurrency exchanges in particular who rely on banks for their business. The exchanges and other cryptocurrency businesses now have to find a way around using the services of Indian banks. They will have the option of dealing in cash, for example. Things have been made harder, not outlawed.
India hasn’t banned cryptocurrencies, RBI is a banking regulatory body and controls the monetary policies of India, but it is not a legislative body. It can set directive regulations for the bodies that come under its defined authority, but cannot control or penalize other businesses or individuals.A law to ban the use or trade of cryptocurrencies in India has to come from either the elected governments (whether central or state) or the judiciary.
Reserve Bank of India issued a press that had a directive for withdrawing support to virtual currency businesses.
Reserve Bank of India issued a press that had a directive for withdrawing support to virtual currency businesses.
Indians do trade extensively on international exchanges and will continue to do so even if the RBI cuts off their link to the fiat currency since it has not banned people from trading one cryptocurrency for another. Even if the RBI cuts off the fiat currency supply to the industry, people will trade cryptocurrency to cryptocurrency, which they have not banned.
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