Topic: Future of Bitcoin in India - page 10. (Read 1995 times)
I think that, the future of Bitcoin in India is bright. because now Bitcoin is legal Criptocurrency in India. Bitcoin is acceptable most of the website and online shop. most of the people in India interest Criptocurrency. they can invest in and start trade. in future it will be more popular in India. then they will using it many ways.
What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies? 
Scince they had already banned bitcoin in their country, I have not heard any of updates from there, I'm wondering how does there bounty hunters living under the forbiding law...
It is not clear at the moment whether the Indian government really forbids cryptocurrencies. If that happens, it will be a pity. On the one hand, people who want to trade with Bitcoin simply ... will trade. All bans can be bypassed using P2P platforms with end-to-end encryption. On the other hand, India has great potential. Bitcoin's popularity in India is rising rapidly, and the government, thanks to Bitcoin, can save many billion dollars a year. Legalization would help the bitcoin price.
if india would accept bitcoin in their country, i think thay will get a lot of profit and bitcoin will grow
but if India is not willing to accept bitcoin in their country, then the future of bitcoin will be bleak
but if India is not willing to accept bitcoin in their country, then the future of bitcoin will be bleak
NO future of bitcoin in India because the RBI banned bitcoin they doesn't excess in India.
If the Indian population can utilize bitcoin well maybe bitcoin will be the future of the people there. The large number of residents there is also one reason bitcoin will grow rapidly in India in the short term and long term.
I don't see any bright future of Bitcoin in India unless people kicks off the present dumb government.
Bitcoins in India will be easier to develop because they have more opportunities to do so, and if it develops, it will benefit the neighboring countries.
What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?
Till now I don’t feel that bitcoin has any bright future in India because the government of India is not that much supportive with the bitcoin, there comes a notice from the reserve bank of India dated 03/04/2018 specifying that people have to withdraw their all money that they have invested into bitcoin with in 3 months otherwise after that they will be solely responsible for their loses and this has created panic and a fear in people regarding bitcoin and now they don’t want to invest into bitcoin no more but we cannot predict the future and could have bright future ahead.
Bitcoin in India really does have a future since its population is greater than any other country in Asia sector other than China, it has diplomatic controlled relations with most of the countries in the geographic region so there is no external pressure involved to the adoption of bitcoin
Even though the government has clearly mentioned that they are willing to eliminate the usage of cryptocurrencies within the country, I don't think that current government will take any decision as of now because elections are coming in the next year and government will not take any risk at this stage in my opinion. We should expect any decision from the next government (most likely it will be the same), on the other hand, domestic exchanges, are preparing for the deadline given by the Reserve Bank of India. Still, users will be able to use banking channels for cryptocurrency to fiat and vice versa trading through the platforms like Localbitcoins.
For India, the use of bitcoin is a very good step and the development of many structures of the country. Perhaps other countries, seeing a clear example, will also start using bitcoin.
India is a big country, Bitcoin has got a very high prospect in future. Whatever governments policies, i believe bitcoin is getting more and more popular with each passing days.
What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?
If Indian Government banned crypto-currency then you will not be able to encash your crypto-currency in INR. But you can hold your crypto-currency in your personal wallet. No Government can take your crypto-currency from your block-chain based wallet. You can hold your coin as long as you want.As per latest news, Government of India don’t want to ban crypto-currency. They only want to regulate the Black money involved. So, they are trying to legalize it and thinking to apply some special tax in it.
What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?
To make a good analysis about the future of cryptocurrencies in India, we need to be told the current government policies. However, you may need to find out the outcome of the suits filed against the government by some exchange owners around April, already before the supreme court.
I think Bitcoin has a great future in India. Although there is some regulatory issues going on currently for Bitcoin but I think it will be solved pretty soon. As the government knows that fighting against Bitcoin is a fight they are going to lose. Also India has a huge population with majority of them being young.
it is true that every country will slowly start receiving bitcoin because of course if it does not accept it will be as lagging with other developed countries and the thought of young Indians certainly also proposes to continue legalizing bitcoin
the development of bitcoin or crypto will get better and more rapidly. if the government of India is able to manage well and make the policy well. this will be an example for all countries that prohibit the use of crypto
I think Bitcoin has a great future in India. Although there is some regulatory issues going on currently for Bitcoin but I think it will be solved pretty soon. As the government knows that fighting against Bitcoin is a fight they are going to lose. Also India has a huge population with majority of them being young.
What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?
There are many possibilities in India for crypto currencies to grow. The base of crypto users is very strong in India and many people are trying to get into it.
Recently government also published rough draft in the assembly that bitcoin and other crypto currencies must be taxed with 28% rate and this statement can be taken as conclusive proof that India might be planning on to give the status of legal tender for the bitcoin in the coming days. Otherwise they would have never made draft like that where statements are being made that bitcoin should be taxed and they have value for that too. May be soon India will transform the crypto acceptance in the country.
India - in my opinion a very interesting project for the crypto currency. I participate in a very interesting Indian project, which in the future will be able to conquer this market.
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