End of road for Cryptocurrencies in INDIA?

legenduim

full member

Activity: 588

Merit: 101

Quote from: ngocanh3799 on July 02, 2018, 11:09:34 AM

I feel anxious, it is bad news for us as it will affect all other countries. Bitcoin will decrease by this news. Embarrassed

I have a hope that Indian government will soon understand that they are making the biggest mistake. Why do not they want to give the greatest chance to their people that do not have the best life?

ngocanh3799

newbie

Activity: 22

Merit: 0

I feel anxious, it is bad news for us as it will affect all other countries. Bitcoin will decrease by this news. Embarrassed

tristana443

newbie

Activity: 68

Merit: 0

Just FUD news, there will be no restrictions here.

jessicaldiaseso

newbie

Activity: 79

Merit: 0

How can the Indian government do something terrible like that? and one more thing a bad news for a traders this will make a big loss for them. And this will definitely affect the price of Bitcoin, lately it has really become a tough test for Bitcoin and the users of Bitcoin.

jamesashmore1964

jr. member

Activity: 336

Merit: 3

If you understand why India and China banned it you will understand Bitcoins problem! Who can help with an answer to this question!

Maybe because it is unpredictable and can ruin people’s finances!
It also threatens local FIAT
It is used as a form of payment for illegal activities

angchosenone

newbie

Activity: 112

Merit: 0

Will and won't state it's the finish of the street yet yes it will make a great deal of vulnerability in the Indian market. In addition, Indian government will free its offer of the cake. All things considered with this announcement, Indian government really opened up another path for the underground market to work. Like weapons and medications are unlawful in India however anybody can buy it with cash. This sort of preservationist mindset demonstrates that why a poor nation will dependably stay poor. Tragic!

Antonina

jr. member

Activity: 280

Merit: 1

I do not want to say that this is the end, but this will create great uncertainty in the Indian market. also, the Indian government will lose its share. In fact, with this announcement, the Indian government has opened a new path for the functioning of the black market.

paruru123

newbie

Activity: 59

Merit: 0

India, like China, has banned the BTC deal, but in the long run it is an irrational choice, with developed countries such as Japan and the United States trading BTC.

Luminous-Nova

newbie

Activity: 48

Merit: 0

noticE: the Centrall banks hate cryptocurrency because it will make their power less in the country and economy of the country, and they can not controll anything! thats the truth cryptocurrency is good for us, but not good for goverments!

jhonnydeep87

full member

Activity: 378

Merit: 100

You can not stop them from using crypto currency because it is decentralized with the internet. Banks will not deal with them anymore because they can find other ways to earn their money again then you can tell your friends or relatives in other countries in order to help you can withdraw money and send your money in cash. Cool

Mohamme

member

Activity: 224

Merit: 10

I think India, like China, can still use a VPN.
So I think people can still trade privately.

mutrang23

full member

Activity: 484

Merit: 100

Every ban has a negative impact on the market when the government issues a prohibition. Do not worry and think that the government can ban all people investing in Crypto because everything is in incognito mode so the government can not control it.

Spanopohlo

full member

Activity: 322

Merit: 101

Aim High! Bow Low!

This is exactly the feeling when countries around the Globe starts to ban Cryptocurrency or the virtual currency, and its depression. More and more people will start to doubt and be scared of investing because one day their country might start banning theirs too. Luckily in our country, there are still the significance of bitcoin around the land making it neither a threat or an accepted job by the government.

Nolivelasco13

newbie

Activity: 65

Merit: 0

What would you expect from people that worship cows and eat dogs? It seems like they do

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

What would you expect from people that worship cows and eat dogs? It seems like they do a lot of shit backwards.

Caelanpelley

sr. member

Activity: 602

Merit: 250

Compared with the highly developed countries of electronic money, India has a lot of trouble with this currency. India's complex relationship with electronic money and companies involved in the industry has now reached a "go to court" stage. The RBI instructed banks to terminate their current business relationship with electronic money companies in July this year. This signals the end of the road for electronic money in India.

kokrokok

member

Activity: 447

Merit: 11

Koinomo

Quote from: d-unknown on April 05, 2018, 08:36:18 AM

The central bank of India (RBI) today, directed all the regulated bodies to not to provide services to any individual and business entities that use or deals in virtual currencies within a specified time period i.e. about 3 months.

RBI bans regulated entities to deal with crypto users
Reserve Bank of India (RBI) has barred the regulated entities including banks from providing services to any individual or business entity that deals with virtual currencies.

Today has been the first bi-monthly Monetary Policy Statement of 2018-19 of RBI, where the central bank has given a 3 months period to sever their ties with the entities using virtual currencies.

This news is true or not I do not really know but many speculate that India previously received virtual currency and now start refusing it for some reason .. very unfortunate with this because many projects are coming from India and this seems to be Considered by India back to leave virtual currency.

Saiful Islam777

newbie

Activity: 238

Merit: 0

India crypto moved away from the currency and made many mistakes. They will experience it in the future. The crypto currency is increasing day by day, so India should consider this issue

Dexion

full member

Activity: 812

Merit: 101

I think that India has made the wrong decision. maybe today india choose to ban crypto transactions, but they do not see that today too, many countries are receiving crypto, if india does not change their decision, then india will be country lag for eternity.

today we also see that many big investors are not satisfied with the place of real investment, so they choose crypto as their investment.
what will happen, if in the future many big investors are looking for crypto investment? and india does not accept crypto.
I hope it is not the end of the decisions of the country of India.

ALI AKBAR

full member

Activity: 266

Merit: 100

I think the road of cryptocurrency in India has not yet ended. Countless people of India are using cryptocurrency. A few days ago, the Indian finance minister was discussing a meeting with Bitcoin. They are planning on how to use Bitcoin. Because Bitcoin plays a role in the development of the country's economy. Moreover, the use and popularity of Bitcoin is increasing throughout the world. I think the use of Bitcoin in the world will be legal in the future.

Topic: End of road for Cryptocurrencies in INDIA? (Read 692 times)