Cyptocurrency not banned in India - page 2.

erikalui

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Quote from: akram143 on February 15, 2020, 11:32:14 AM

Indian cyber crime cells will take care of crypto related scams so we have to report them to someone who understand what is cryptos or else they will just keep them in pending forever...

I reported my incident where someone scammed me and they did nothing but just cautioned me to take care next time.

GmAdvice

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Quote from: pawanjain on January 26, 2020, 12:30:52 AM

I wouldn't be surprised for such a statement for I already knew that Crypto is not banned in India.
The RBI had issued a notice to all the banks to freeze accounts of people dealing with crypto for security reasons as they say.
Nowhere was mentioned that a ban is imposed on cryptocurrencies. It's just the people to misinterpret it and spreaded the false information about banning crypto in India.
RBI cannot even ban crypto because it's the government who creates the law and not the RBI.

Yes @pawanjain you are RBI do not have any right to ban bitcoin in india, only governement can pass any law and not the RBI

akram143

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Quote from: erikalui on February 15, 2020, 06:28:18 AM

Few days back got an article written "Indian Police Warns Against Dealing With Bitcoin" but it read the same old things we have been hearing that crypto is risky and invest at your own risk. Looks like they won't be handling any crypto scam cases and hence released this article but even before they were least bothered in solving such theft and hacking cases.

Indian cyber crime cells will take care of crypto related scams so we have to report them to someone who understand what is cryptos or else they will just keep them in pending forever...

erikalui

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Activity: 2618

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Few days back got an article written "Indian Police Warns Against Dealing With Bitcoin" but it read the same old things we have been hearing that crypto is risky and invest at your own risk. Looks like they won't be handling any crypto scam cases and hence released this article but even before they were least bothered in solving such theft and hacking cases.

akram143

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Quote from: pawanjain on January 26, 2020, 12:30:52 AM

RBI cannot even ban crypto because it's the government who creates the law and not the RBI.

But they were pushing for it,obviously in a corrupted nation everything is possible when someone can pay in billions for the justice to be written but in this case no body will pay for it so hopefully the right justice will be give for the development of nation not for this shit government banking sector to eat all the tax paid money.

@prashant

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It is good for those who are already involved in crypto before rbi restrictions and those who wishes to enter(buy) crypto market will unable to do so, the only solution for them is p2p. Rbi ban created a big hole in indian crypto space as if you cant deal with crypto with native currency then there is no growth. Those who were hyped with btc now will be afraid to buy it through banks and thus slow awareness among indian community. Lets hope for good in future , at least rbi should remove restrictions on banks.

pawanjain

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Nothing lasts forever

I wouldn't be surprised for such a statement for I already knew that Crypto is not banned in India.
The RBI had issued a notice to all the banks to freeze accounts of people dealing with crypto for security reasons as they say.
Nowhere was mentioned that a ban is imposed on cryptocurrencies. It's just the people to misinterpret it and spreaded the false information about banning crypto in India.
RBI cannot even ban crypto because it's the government who creates the law and not the RBI.

akram143

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Quote from: idris123 on January 25, 2020, 01:45:43 AM

I believe that the Government of India will legalize the crypto currency call, which is the most important country in the country, who is regulating the currency call.

To be honest, government is still not doing any favours to the crypto currencies.RBI against it.

Its not have that much priority since NRC,CAB and lot more issues happening here.

idris123

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I believe that the Government of India will legalize the crypto currency call, which is the most important country in the country, who is regulating the currency call.

akram143

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Indian government appointed a group of members who dont even have any basic knowledge abkut cryptos this is the proof we are living in such a country where government never care about their people.

But some countries like USA made it as legal but not as currency so there is chances of it will happen in India as well hopefully.

eaLiTy

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Quote from: CryptoInsights on January 21, 2020, 01:19:13 PM

Before things were almost in grey area if I am correct. Looks like a relaxing statement

It was not in the grey because RBI nor the Indian government did not ban BTCitcoin but they restricted the banking sector from dealing with any business enterprise dealing with BTCitcoin and that is what is needed to kill the market completely as they calculated that if there is no exchange then the market will die off, the pathetic situation is that the government never thought about the loss of job or the loss these business will encounter by the rash decision because they were too lazy to study about the new market and hence they took the easy route of restricting the banking sector and still they have the audacity to say that they do not restrict or ban BTCitcoin.

CryptoInsights

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Hope you all read this article: https://www.moneycontrol.com/news/business/cyptocurrency-not-banned-in-india-rbi-says-in-supreme-court-4837591.html/amp

Before things were almost in grey area if I am correct. Looks like a relaxing statement

Topic: Cyptocurrency not banned in India - page 2. (Read 626 times)