Topic: Crypto Judgement day India - page 2. (Read 877 times)
According to experts in India, they might adapt to cryptos as they dont want to lag behind in technological revolution while they are considered as one of the superpowers in the world. This will be another stepping stone for cryptocurrency.
But isn't it the Indian Supreme Court has postponed it and moved the decision on Sept 11?
https://www.coindesk.com/indias-supreme-court-pushes-crypto-banking-ban-hearing-to-september/
So it is still in effect. However, as much as I want to think that the Supreme Court will reverse its ban? I don't think that they will make that sudden U-turn. They have already uphold RBI's decision earlier. But I would be really surprised it they will suddenly junked their earlier decision and override it.
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A Supreme Court decision on the Reserve Bank of India's (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now.
A final hearing on the ban's merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments and submissions from both the RBI and the ban's critics to be submitted by that day. While it is not clear when a decision will be made, Rashmi Deshpande, a lawyer representing Kali Digital, which runs an exchange, said she expects the Supreme Court to "dispose of the case" the same day.
A final hearing on the ban's merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments and submissions from both the RBI and the ban's critics to be submitted by that day. While it is not clear when a decision will be made, Rashmi Deshpande, a lawyer representing Kali Digital, which runs an exchange, said she expects the Supreme Court to "dispose of the case" the same day.
https://www.coindesk.com/indias-supreme-court-pushes-crypto-banking-ban-hearing-to-september/
So it is still in effect. However, as much as I want to think that the Supreme Court will reverse its ban? I don't think that they will make that sudden U-turn. They have already uphold RBI's decision earlier. But I would be really surprised it they will suddenly junked their earlier decision and override it.
they are currently working on regulating cryptocurrencies.
it is not exactly a U turn because the government never banned bitcoin or cryptocurrencies in first place to want to change that, it was just their Reserve Bank that blocked exchange accounts. and also it won't be total freedom, it will be a regulated cryptocurrency market in India.
Users from India could have found a different way to make use of bitcoin, else now the market might have experienced a huge dumping. India has grown as a big market and now the circulation hasn't got affected even after bitcoin ban proposal and the reconsideration from the Supreme Court. So, from my view it is clear that unlike the regulatory compliance the growth of cryptocurrency will continue in India.
India is now currently one of the strongest nation with large population and immense advancement, according to reports, it is highly likely that the supreme court will go in favor of cryptos. A developed country like them won't like to miss out a piece of this cake.
Crypto will be more advanced if the country India supports Cryptocurrency and legalize in their country, because so far some countries still do not support Bitcoin as a tool of transactions and I am sure that's what makes the market price is difficult to rise.
India is now currently one of the strongest nation with large population and immense advancement, according to reports, it is highly likely that the supreme court will go in favor of cryptos. A developed country like them won't like to miss out a piece of this cake.
Indian government really needs to reconsider their decisions on the crypto currencies. It is very foolish to dismiss the market just like this because it is a decentralized market. they need to see that other countries are actively taking part in this and is bringing welfare to their economies.
Right now in Indian crypto currency is banned but now they wants to judgment the market. If they satisfy then they will change their decision and accept this digital crypto market.
The effort of the Bitcoin trading floor in India to regulate the market has prompted the Indian government to reconsider its currency and India has not banned bitcoin or electronic money.
but it is or at least was on the verge of banning crypto. it was really against it and he government wanted full control and wasnt going to have it.
But isn't it the Indian Supreme Court has postponed it and moved the decision on Sept 11?
https://www.coindesk.com/indias-supreme-court-pushes-crypto-banking-ban-hearing-to-september/
So it is still in effect. However, as much as I want to think that the Supreme Court will reverse its ban? I don't think that they will make that sudden U-turn. They have already uphold RBI's decision earlier. But I would be really surprised it they will suddenly junked their earlier decision and override it.
Quote
A Supreme Court decision on the Reserve Bank of India's (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now.
A final hearing on the ban's merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments and submissions from both the RBI and the ban's critics to be submitted by that day. While it is not clear when a decision will be made, Rashmi Deshpande, a lawyer representing Kali Digital, which runs an exchange, said she expects the Supreme Court to "dispose of the case" the same day.
A final hearing on the ban's merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments and submissions from both the RBI and the ban's critics to be submitted by that day. While it is not clear when a decision will be made, Rashmi Deshpande, a lawyer representing Kali Digital, which runs an exchange, said she expects the Supreme Court to "dispose of the case" the same day.
https://www.coindesk.com/indias-supreme-court-pushes-crypto-banking-ban-hearing-to-september/
So it is still in effect. However, as much as I want to think that the Supreme Court will reverse its ban? I don't think that they will make that sudden U-turn. They have already uphold RBI's decision earlier. But I would be really surprised it they will suddenly junked their earlier decision and override it.
On July 20, the Indian crypto community had its eyes on the supreme court as the much-awaited judgment on the petition against the RBI (central bank) ban to provide INR and banking support cryptocurrency businesses, was to be pronounced. But Since SEBI and few others have not filed their response the date for the hearing and argument has differed to September 11, 2018.
https://coingape.com/indian-supreme-court-pushes-rbi-crypto-ban-petition-september-11/
As far as I know they will be cancelling and reverting there decision about cryptocurrencies ban in the country, so hopefully we will see as India will become a crypto supporter. https://coingape.com/indian-supreme-court-pushes-rbi-crypto-ban-petition-september-11/
I think that bitcoin will not be banned in India as there are huge numbers of investors of bitcoin in India. Moreover government is also planning to impose tax on the earnings from crypto currency in India. So I think that judgment will be in favor of bitcoin.
We all are looking for this day. I think the court will take judgment in a favor of cryptocurrency. Because of some reasons the economy also effect by it, if it banned the economy will suffer.
All of us are waiting for these days. Hopefully the india goverment will not ban bit coin. I think if court allow this the crypto market changes massively and it will be a positive signal in crypto market.
who exactly is "us"?
are you from India? and are you running a bitcoin exchange? because that is the only case where you would be caring so much about this news otherwise regular users who are already familiar and interested in bitcoin don't need this news to buy it.
Every person who is attached with crypto waiting for this judgment what kind of decision supreme court give, before date was 20 July but now next hearing will be held on 11 September but i think RBI is planing to regulate cryptocurrency and in judgment 99% chances is RBI will loose their case and crypto lover will be win.
On July 20, the Indian crypto community had its eyes on the supreme court as the much-awaited judgment on the petition against the RBI (central bank) ban to provide INR and banking support cryptocurrency businesses, was to be pronounced. But Since SEBI and few others have not filed their response the date for the hearing and argument has differed to September 11, 2018.
https://coingape.com/indian-supreme-court-pushes-rbi-crypto-ban-petition-september-11/
Keeping an eye to the issue and the judgement of the supreme court just mean that the people of India are really very supportive to crypto currency. And I know crypto currency will win. https://coingape.com/indian-supreme-court-pushes-rbi-crypto-ban-petition-september-11/
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But Since SEBI and few others have not filed their response the date for the hearing and argument has differed to September 11, 2018.
By september 11 whole crypto market might get out of this bear market and bitcoin might be surging over $15k atleast by that time. They are extending this panic period so that noob indian new crypto-investors can sell their bitcoins at cheap price to some of the Indian big bank's personal or government officers. They all know there will be regulation on cryptocurrencies rather than a complete trade ban in future but public don't know anything about this. Huge profit for government officers and big banks..Well played.. 
yeah, the funny thing is this news is only affecting the newbies who don't know what to do with their money and are insisting on throwing it away. otherwise if you check the Indian markets you can see everyone has been buying bitcoin off the market. for example the Localbitcoins volume has been growing ever since this drama began over there...
The community that truly loves Bitcoin is not a negative thing because it is their right to continue to dedicate a desire for a more advanced Indian future by adopting cryptocurrency as a force for the future, following the steps of a country that has long adopted Bitcoin, court decisions about clarity about crypto, I hope it will be very positive to make Bitcoin pump bigger than India.
The authorities of the country sooner or later understand the need of cryptocurrency in their country. The price rise of Bitcoin has managed to grab the attention of many and the Indian government is not excluded from the category. Everyone is looking forward to the judgement, let's see what happens.
Crypto ban in India will do no good for the Indian Govt as well as Crypto enthusiast in India. To both get benefited, Indian Government must allow Crypto Currencies like China, Korea and other many countries have done but to enforce some regulations over Crypto trade what will make feel the Govt. safe. Then all of the people as well as Bank and Govt. will be benefited by the actions.
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But Since SEBI and few others have not filed their response the date for the hearing and argument has differed to September 11, 2018.
By september 11 whole crypto market might get out of this bear market and bitcoin might be surging over $15k atleast by that time. They are extending this panic period so that noob indian new crypto-investors can sell their bitcoins at cheap price to some of the Indian big bank's personal or government officers. They all know there will be regulation on cryptocurrencies rather than a complete trade ban in future but public don't know anything about this. Huge profit for government officers and big banks..Well played.. Jump to: