How far along is bitcoin in the crypto world?
With a market capitalization of $350 billion, bitcoin is the largest cryptocurrency in the world. It was launched in 2009 amid the global financial crisis. Additional units of bitcoin are created by computers solving mathematical puzzles, which get difficult with the units’ addition. A distinctive feature of bitcoin is that a record of all transactions is held in a public ledger maintained simultaneously across thousands of computers. This is in contrast to records of traditional currencies held in bank servers or records of land held in government offices. As per bitcoin proponents, the latter are prone to to manipulation or hacking.
Topic: Crypto Now Legal In India? (Read 1346 times)
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.
I don't think they ever would because there are already a massive number of tax evaders and if you allow crypto payments to be legal then there will be a terrible situation as no one would keep their money in bank rather just keep in bitcoins and evade taxes.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
The reason why there has been so much confusion and ambiguity around bitcoins in India is because the lack of knowledge by the government whether it is in their interest and how it works and the possible problems if they are legalized. The government never had the proper committee who would review and take a solid decision.
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They lack of affirmation whether they will allow people to use cryptocurrency or not.
From what I have understood so far they have allowed transactions to be made in crypto but they do not consider bitcoins as a legal tender.
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
I though that they already adopted the use of cryptocurrency in the market on March this year.
This argument will stay forever in India until the realization from the banks happen and they admit to adopt crypto instead of going against it.
The Indian banking system is the worst in the world. Most government-backed banks are in trouble as they have a large pile of debt because of bad loans and big scams.
Private sector Banks are also going through the same phase. With all this happening most investors are moving away and investing in the cryptocurrency market.
This has become a concern for the banks and they are now trying their level best to get cryptocurrency banned in India.
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
I though that they already adopted the use of cryptocurrency in the market on March this year.
This argument will stay forever in India until the realization from the banks happen and they admit to adopt crypto instead of going against it.
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
I though that they already adopted the use of cryptocurrency in the market on March this year.
They are still having a conflict again with their government doubting the legalization of cryptocurrency in their country as they are really not that into a more digital currency to regulate in the market. For me, if you really want to learn something, you will try and see the effects or results from it for you to continue. I'm hoping that they already realize those benefits and advantages of cryptocurrency in the economy to help them grow and have a stable economy. The Court should really have a wise and finalize decision regarding India's approach towards the use of cryptocurrency in everyday lives.
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
Out here in Africa (Nigeria) bitcoin ATMs is already trending, so if India is to legalised Crypto I bet it's a welcome development and a perfect adoption from my end.
I am seeing most indian base project are also making some noise right now.
I think this is expected. India un-banning the use of cryptocurrency will definitely have a positive impact on crypto people and would surely develop more projects for the crypto community. I just wish it isn't a copy cat of what we had in the past years. I'm really tired of looking for projects who only turn to a shit coin after some time.
I have a whole lots of those projects in my wallet just steering at me, with the hopes that's they will turn a furtune in future. But come to think of it HODL is not a scam just like when people underestimate it. Few have paid off big time. Crypto is making its way through and for sure it will make more waves.
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
The confusion stems from the fact that you see many articles with contradicting views, one says India is going to legalize bitcoin and the other one says they are planning to ban bitcoin, the problem is only one can be true and i do not see any article that says that it is legal which means there is a law written for cryptocurrency but there was a ban on exchanges and that was overturned when the exchanges approached the court. They lack of affirmation whether they will allow people to use cryptocurrency or not.
the case of crypto ban in india has never made me curious as i already know the end result. india is also another hub of technology when the whole world is ranked. if anyone was to embrase technology, he/she will definitely need developers from that region. judging from that fact, it is almost impossible for india to do without the technology as it is in direct parrallel bias with their trend.
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
The Indian government lacks a crypto regulatory body and also that crypto is pretty new to Indian society unlike other societies the Indian government isn't stressing towards cryptocurrency or blockchain adaption. Even the Central bank of India is against the use of cryptocurrencies in the country and is having a case in the court regarding the banning of the use of crypto and related items in India. The Court has ruled in favour of crypto users once after which the 2-year long ban was lifted off and now we will see what happens in the future hearings and that will decide the fate of cryptocurrencies in India. They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
Indian Government allowing Crypto to convert with INR through their Banks, this is really a good step by them, They are doing such because there have a big number of community attached with blockchain development and crypto world from India. Its kind of an opportunity for Indian crypto community to proof their ability and improve themselves at Blockchain using cryto.
This is certainly good news for Indian citizens, of course, by accepting crypto as part of a legal transaction in their country.this news will certainly make crypto better known by many countries which may not have implemented directly that the country can benefit from the crypto reception.
EDIT: upon searching a bit more it looks like India did announce bitcoin that cryptocurrency is legal but also found out that they are also reconsidering banning it again.
https://news.bitcoin.com/indian-government-banning-cryptocurrency/
it is natural that India can accept crypto, because we have to admit that they are one of the leading countries in the field of technology. so in fact they must be pioneers to be able to introduce to the countries around them that crypto is very profitable and can help the country's economy.
India is not or even one of the leading country in the technological field. although there are a lot of innovative Indians their country is still not leading in the technological field. (no offence to any Indian that are here In the forum) 
the development of crypto in India in my opinion will develop rapidly, for now we can see many top influencers and traders from India who can drive the development of crypto there. But for the legality that is always blamed by the Indian government, in my opinion the Indian government is only afraid of the potential of Crypto, they are afraid that people will switch to crypto rather than fiat and make their banks suffer enough losses
Indian Government allowing Crypto to convert with INR through their Banks, this is really a good step by them, They are doing such because there have a big number of community attached with blockchain development and crypto world from India. Its kind of an opportunity for Indian crypto community to proof their ability and improve themselves at Blockchain using cryto.
This is certainly good news for Indian citizens, of course, by accepting crypto as part of a legal transaction in their country.this news will certainly make crypto better known by many countries which may not have implemented directly that the country can benefit from the crypto reception.
it is natural that India can accept crypto, because we have to admit that they are one of the leading countries in the field of technology. so in fact they must be pioneers to be able to introduce to the countries around them that crypto is very profitable and can help the country's economy.
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
They lack of affirmation whether they will allow people to use cryptocurrency or not.
Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.
If the Indian government has taken such a decision, then it is a matter of great joy for Indian cryptocurrency users. Truly the Indian crypto market will improve a lot in the future. The Indian government has indeed made a much bigger and more magnificent decision. I welcome this initiative and I want other countries in Asia to do the same.
Good for them actually. This means that they are open to the opportunities that the Cryptocurrency Industry can give them BUT they must make sure that it will still be fair for all users because once that they place sketchy or unreasonable restrictions, then that would be really bad to those users who are making a living out of it.
Legalization of Crryptocurrency is a big move because it is already somewhat legal UNLESS you are using it for bad motives. That also means that the government recognizes it as a mean that can help improve their economy and trade.
Legalization of Crryptocurrency is a big move because it is already somewhat legal UNLESS you are using it for bad motives. That also means that the government recognizes it as a mean that can help improve their economy and trade.
Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency. What do you think about the future of crypto in India, guys?
I see a great future both for india and the blockchain space in entirety. I never really saw the ban on crypto in india a death sentence because it will only take time before they realise it is enivitable and then and embrace is the bes approach. I see the ruling as a sign of good things to come in the indian crypto space. #matic is one of such projects that i believe will take the lead and set the pace for other projects to follow. You can also look out for #Matic and also leverage on the @maticnetwork for startups.
If it is really true that India already legalised the cryptocurrency then it is a good news. It will not only help the people there but it will increase also the mass adoption to that country. Hoping that other country can also accet crypto and see the usage of it for their constituent and it will help to all unemployed this time of pandemic.
I see the crypto community in India is so big, it's a pity if the Indian government does not immediately legalize cryptocurrency.
Moreover, the state of the Indian economy is currently suffering, due to the spread of the corona virus in India is very high.
If the population of India allowed to use Bitcoin, I'm sure will help prevent the spread of the corona virus and with Bitcoin
residents of India can increase sources of income too. I see that the future of crypto in India is still unclear, even though
I am not an Indian citizen. But I sympathize with the legality status of cryptocurrency in India, may the Indian government
soon realize that presence cryptocurrency is really needed by the population of India.
It's good to hear that the crypto currency is now legal in India. I know that the trading and mining business there will be successful someday because we all know that in India, there are a lot of entrepreneurs there and having trading and mining business there is really a great opportunity for them and I am pretty sure that most of the citizens of India will be encouraged to join in crypto world. Moreover, the state of the Indian economy is currently suffering, due to the spread of the corona virus in India is very high.
If the population of India allowed to use Bitcoin, I'm sure will help prevent the spread of the corona virus and with Bitcoin
residents of India can increase sources of income too. I see that the future of crypto in India is still unclear, even though
I am not an Indian citizen. But I sympathize with the legality status of cryptocurrency in India, may the Indian government
soon realize that presence cryptocurrency is really needed by the population of India.
I see the crypto community in India is so big, it's a pity if the Indian government does not immediately legalize cryptocurrency.
Moreover, the state of the Indian economy is currently suffering, due to the spread of the corona virus in India is very high.
If the population of India allowed to use Bitcoin, I'm sure will help prevent the spread of the corona virus and with Bitcoin
residents of India can increase sources of income too. I see that the future of crypto in India is still unclear, even though
I am not an Indian citizen. But I sympathize with the legality status of cryptocurrency in India, may the Indian government
soon realize that presence cryptocurrency is really needed by the population of India.
Moreover, the state of the Indian economy is currently suffering, due to the spread of the corona virus in India is very high.
If the population of India allowed to use Bitcoin, I'm sure will help prevent the spread of the corona virus and with Bitcoin
residents of India can increase sources of income too. I see that the future of crypto in India is still unclear, even though
I am not an Indian citizen. But I sympathize with the legality status of cryptocurrency in India, may the Indian government
soon realize that presence cryptocurrency is really needed by the population of India.
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