Topic: Crypto Now Legal In India? - page 3. (Read 1346 times)
This is a big milestone on how long the cryptocurrency journey has been. From 20k bitcoin to this, that is a very big step. What I worry right now is that the government will try to wrestle control of the cryptocurrency in the market making it state controlled which I am an advocate against it.
cryptocurrency are not legal tender in India,and while exchanges are legal ,the government has made it very diffficult for them to operate...other income Tax Department sources have suggested that cryptocurrency profits should be taxed as capital gains.
Still can't understand why everyone is so hyping around crypto and India.
It's huge news and it can impact the crypto market. India is a large country with a huge population! By accepting cryptocurrency, Indian people can now deal Bitcoin openly and many Indian projects are coming now! Crypto needs mass adoption, and without government legalization, crypto can't achieve it! So, it's not just a hype, this is really something big achievement!
Is a Bad news mate and you have already mentioned that Corona Virus makes everything in the world shaking now.imagine falling more than 45% in just 1 day?
You might be right but I guess it is good opportunity for Indian bitcoiners to buy bitcoins now because the price is down and recently they allowed bitcoin transactions so I would say this is like another buying opportunity for everyone in India to buy some bitcoins before it sky rockets again very soon.Good news after several year India banned using bitcoin as investment and digital assets for trading and as currency payment, when India have make bitcoin become legal transaction need for seeing other country want to adopt bitcoin and altcoin as legal payment too.
You must be careful when you read any news because if I understood correctly, they allowed bitcoins to be bought and sold because there is no law in constitution that denies the purchase of any asset but let me make it clear, I am quite sure the government hasn't legalized bitcoins for payment method just yet, although they might do it but I see the chances are pretty low for adopting bitcoins as payment option officially. 
Good news after several year India banned using bitcoin as investment and digital assets for trading and as currency payment, when India have make bitcoin become legal transaction need for seeing other country want to adopt bitcoin and altcoin as legal payment too.
But with the Corona Virus around it seems there is no effect in market and besides everything drops even Bitcoin so i think we need to handle this case By Holding.The flow of prices not mending for what we want instead favoring the whales plan.
Bitcoin failed to hold any support and is falling freely but what will happen once the coronavirus is over ? Bitcoin will be back in its momentum and all these news like India accepting crypto, will play a major role in strengthening the bitcoins.
I will support your thought. One way or another, Bitcoin will return to operation after external stimuli come to naught.
Still can't understand why everyone is so hyping around crypto and India.
It's huge news and it can impact the crypto market. India is a large country with a huge population! By accepting cryptocurrency, Indian people can now deal Bitcoin openly and many Indian projects are coming now! Crypto needs mass adoption, and without government legalization, crypto can't achieve it! So, it's not just a hype, this is really something big achievement!
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?
The legalization of bitcoin in India will have a huge impact to the current economy of the market. It might lead to rising up of the price since there are new community that supports the usage of bitcoin. It might encourage also other countries to legalize bitcoin in their country also if they saw the positive impact of it.On a funny side, I don't know on behalf of what rules there was a ban on purchase of bitcoins and other cryptocurrencies so it is pretty impressive that the governing bodies are working properly and lifted the ban, I wanted to ask a question if bitcoin mining was also legalized or it was already legal? Because if you allow something to be purchased then you cannot ban it's mining either, right?
Bitcoin failed to hold any support and is falling freely but what will happen once the coronavirus is over ? Bitcoin will be back in its momentum and all these news like India accepting crypto, will play a major role in strengthening the bitcoins.
I will support your thought. One way or another, Bitcoin will return to operation after external stimuli come to naught.Another thing is that those people are selling at these cheap prices or not buying at current prices, will regret when they will see bitcoin to 3x-4x in few months time. We need to understand that the current crisis is temporary and after this all the markets will be back to normal. If bitcoin dumped more then expected, it will also pump unexpectedly.
Bitcoin failed to hold any support and is falling freely but what will happen once the coronavirus is over ? Bitcoin will be back in its momentum and all these news like India accepting crypto, will play a major role in strengthening the bitcoins.
I will support your thought. One way or another, Bitcoin will return to operation after external stimuli come to naught. Today become bad moment for cryptocurrency after faced with Corona virus and make bitcoin and many altcoin going down to lower price, I don't know why without bad news bitcoin suddenly going down to lower price and crash more than 30%.
There. Is a Bad news mate and you have already mentioned that Corona Virus makes everything in the world shaking now.imagine falling more than 45% in just 1 day?Even how good news like this and South Korea accepting bitcoin also cannot hold the market but continues to fall.so for this we only need to buy and never sell unless we purchased our bitcoin last January 2019 when the price drops to $3000 so there is still profit you can have.
Bitcoin failed to hold any support and is falling freely but what will happen once the coronavirus is over ? Bitcoin will be back in its momentum and all these news like India accepting crypto, will play a major role in strengthening the bitcoins.
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?
This legalization usually inflicts positivity and hope among the crypto community with regards to acceptance and usage. I think India had realized that with the current situation, it is normal to jump to countermeasures that might help them survive. India is a very promising country and this news can be widely known among other countries and who knows, if more country would adapt and furthermore legalize the use of cryptocurrency in the market.
As we know the number of Indians who have cryptocurrency is a lot when cryptocurrency is still prohibited in India.
With this good news, of course the faster development of cryptocurrency in India. I was very confident in a few years
India can be one of the biggest circulation centers of crypto in the world. Hopefully other countries can follow India with
legalize cryptocurrency.
With this good news, of course the faster development of cryptocurrency in India. I was very confident in a few years
India can be one of the biggest circulation centers of crypto in the world. Hopefully other countries can follow India with
legalize cryptocurrency.
Good news after several year India banned using bitcoin as investment and digital assets for trading and as currency payment, when India have make bitcoin become legal transaction need for seeing other country want to adopt bitcoin and altcoin as legal payment too.
~What do you think about the future of crypto in India, guys?
What else? will certainly get better. The advantage is the population and the technology is quite strong, a qualified developer in the field. A successful project from there that I know of is Matic, one of the most popular startups. You can see here other Indian projects that you should know about https://t.me/ico_analytic/1663. The market potential is also good for a large population. maximizing the adoption of crypto in various fields there will be very potential. Today become bad moment for cryptocurrency after faced with Corona virus and make bitcoin and many altcoin going down to lower price, I don't know why without bad news bitcoin suddenly going down to lower price and crash more than 30%.
There. Is a Bad news mate and you have already mentioned that Corona Virus makes everything in the world shaking now.imagine falling more than 45% in just 1 day?Even how good news like this and South Korea accepting bitcoin also cannot hold the market but continues to fall.so for this we only need to buy and never sell unless we purchased our bitcoin last January 2019 when the price drops to $3000 so there is still profit you can have.
Not just legal but banks have started buying and selling Bitcoins , people can even witness the zebpay going back to the times where there were no restrictions on bitcoins .
India have made bitcoins legal and this is going to improve later in the years for sure.
People actually stood up to the government and the good thing is government listened unlike many other countries India is going onna good road and I think it is going to become bitcoins hub in the next years.
India have made bitcoins legal and this is going to improve later in the years for sure.
People actually stood up to the government and the good thing is government listened unlike many other countries India is going onna good road and I think it is going to become bitcoins hub in the next years.
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?
The legalization of bitcoin in India will have a huge impact to the current economy of the market. It might lead to rising up of the price since there are new community that supports the usage of bitcoin. It might encourage also other countries to legalize bitcoin in their country also if they saw the positive impact of it.
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?
That was a great move by india legalizing crypto in their country it really help the cryptocurrency adoption, following india I think south korea also making the same move. I am seeing most indian base project are also making some noise right now.India was always known by it's fight against legalising the use of the crypto popularly.
I wish if op can provide the source of the news he told about, just to avoid unnecessary confusions .
During hard times due to the Covid-19, we need a good news like this. Mass adoption is really gaining more people in some part of the world and it will really help us achieve our goal in cryptocurrency. India has the 2nd most largest population in the world and it will become a good factor for the cryptocurrency to grow. Hopefully, India reach its goal to legalized cryptocurrency in its country and I know that people will not have a hard time promoting it. Again, due to the virus, I think South Korea will encounter some hard time to pass the movement of legalizing the cryptocurrency in their country. But as a crypto user, i'm hoping for them that they will also be successful just like India.
although India is a country that has a lot of population and is advanced, the development of crypto there will not be as fast as you think. but India is fortunate can to legalize crypto in there because in my country this digital currency has not yet been recognized or not endorsed. I think the development of crypto in India in the future is very slow. Crypto now legal in india? not so fast. https://bitcoinist.com/crypto-now-legal-in-india-not-so-fast/
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?
The legalization of bitcoin in India will have a huge impact to the current economy of the market. It might lead to rising up of the price since there are new community that supports the usage of bitcoin. It might encourage also other countries to legalize bitcoin in their country also if they saw the positive impact of it. Jump to: