Topic: Future of Bitcoin in India - page 14. (Read 1971 times)
Future of Bitcoin in India is very bright.If bitcoin have become popular in India, neighboring country Pakistan,Bangladesh, Bhutan,Nepal and Sri Lanka will understand the necessity of it. So they will legalize it in their country.
Many people in India are still involved in Bitcoin. I think India will soon declare Bitcoin Validity and many Indians will be released from unemployment. In the future, India will move forward economically depending on this Bitcoin.
So I can not predict the future of Crypto in India. But I think India is a good techie country with lots of tech celebrities. So they will make a way forward to adopt Crypto and Bitcoin in the future
So I can not predict the future of Crypto in India. But I think India is a good techie country with lots of tech celebrities. So they will make a way forward to adopt Crypto and Bitcoin in the future
Indian Finance Minister Arun Jaitley said the virtual currency is not a valid means of payment in the country.
India will reduce the use of virtual currency associated with criminal activity.
"The government does not recognize virtual currency or coins as a legitimate means of payment and will do everything to reduce the use of these crypto assets in the funding of illegal activities or part of the payment system,"
India will reduce the use of virtual currency associated with criminal activity.
"The government does not recognize virtual currency or coins as a legitimate means of payment and will do everything to reduce the use of these crypto assets in the funding of illegal activities or part of the payment system,"
For some reason I think that in this country you this cryptocurrency will take root for a long time. But it can be anything so OGE will give you their opinion.
Even though Bitcoin usage is not valid in India, in the future, India will be a successful country for Bitcoin. Because many people of India are still involved in Bitcoin. I think India will soon declare Bitcoin validity and many of India's people will be released from unemployment. In the future, India will move forward economically depending on this bitcoin.
No people in this world can stop bitcoin, it is here to stay and the digital currency is the future. The sooner the governments all over the world realize it the better for them. Cryptocurrency can be very beneficial for the economy for a country, so the governments don't want to miss this opportunity.
Yes, that's true Cryptos could revolutionize the very way we think about money, and by extension, how we handle transactions and think about our economies.
In South East Asia subcontinent, India is the tech giants. And there are so many example of grabbing the new innovation by India. So India might recheck their decision to accept and approve crypto over the country.
In my opinion maybe the government of India wants the community to be controlled from cryptocurrency activities and do not want people to be lulled by patterns of game patterns that quickly make money but in the end they get nothing.
Government has not clearly stated its policy on bitcoin and unless it gets banned completely,bitcoin has a great progress in India.Government has decided to launch its own digital coin Lakshmi and if it gets launched,it seems that India might take serious steps against crypto currencies.
As far as bitcoin is concerned,the government has given three months time for the investors to convert their bitcoins in to fiat.
As far as bitcoin is concerned,the government has given three months time for the investors to convert their bitcoins in to fiat.
Most of the coiners in India will have no longer to think that crypto's will be banned if everything is under the government policies.
A country where internet is just new, it will take some time for the public to accept it as a currency.Most of the people in India, think of bitcoins like some stock that can be used for investments.
Things are going to be like this, static, for a decade.It's going to take some time to make an environment like south korea here.Till then it's future depends on some ignorant bureaucrats :/
Things are going to be like this, static, for a decade.It's going to take some time to make an environment like south korea here.Till then it's future depends on some ignorant bureaucrats :/
for a while, I see that the Indian government still does not accept bitcoin and other cryptos. a high number of population in India makes the government must take preventive action to avoid criminality by using bitcoin or other cryptos.
I am convinced that the Indian government actually realizes that bitcoin and crypto are their economic solutions. but they just are not ready yet. and there are still many primitive societies.
I am convinced that the Indian government actually realizes that bitcoin and crypto are their economic solutions. but they just are not ready yet. and there are still many primitive societies.
Bitcoin will continue to be trending no matter what. Governments can't stop all the crypto enthusiasts around the world!
I do not think these bans and controls will be long. As the states begin to make profits, those who implement this ban will remove the bans one by one. Feature The US and China will be welcomed globally.
The current situation is not very positive in india right at this moment. The Reserve Bank of India had issued a notice to all commercial banks which forbids them to provide services to any crypto related businesses. Few crypto exchanges have taken this matter to the court and surprisingly the court had denied interim injunction on that notice.
The future looks grim under current government policies as this givernment is driven by religious forces.
Weren't all of the Indian crypto exchanges leaving the country and moving to Singapore or something?The future looks grim under current government policies as this givernment is driven by religious forces.
One cannot possibly blame India for blocking banks to work alongside crypto businesses. A lot of people got scammed in India, people were held at gun point apparently, and the thieves took away the entire money. But we can't blame crypto as well. The future looks uncertain, there were rumors about the Reserve Bank of India releasing their own coin, hopefully whatever happens, it is for the best.
Indian crypto exchanges are certainly planning to a more crypto friendly nations like Singapore or Hong Kong but that doesn't help the common crypto users of India. Where the common people used to receive domestic remittance, they will start receiving foreign remittances which will raise another set of alarms to the tax authority. Individual peoples will start getting tagged by the tax authorities on those remittances. This will further worsen the situation.
The only way is to keep the p2p transaction market alive like localbitcoin and paxful. p2p transactions are harder to catch if the amount is kept within a certain low limit. But if the government finally decides to ban it, a lot of people will face serious trouble.
there is no positive sign from the govt. So I can not predict the future of crypto in India. But i think India is well techie country with a lot of tech celebs. So they will make a way forward to adopt crypto and bitcoin in future.
What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies? 
If bitcoin have become popular in India, neighboring country Bangladesh and Nepal will understand the necessity of it. So they will legalize it in their country
it seems where you have high populations and they have little to no money then they are not going to be allowed bitcoin by their governments
sad but hopefully this will change over time for them
sad but hopefully this will change over time for them
The current situation is not very positive in india right at this moment. The Reserve Bank of India had issued a notice to all commercial banks which forbids them to provide services to any crypto related businesses. Few crypto exchanges have taken this matter to the court and surprisingly the court had denied interim injunction on that notice.
The future looks grim under current government policies as this givernment is driven by religious forces.
Weren't all of the Indian crypto exchanges leaving the country and moving to Singapore or something?The future looks grim under current government policies as this givernment is driven by religious forces.
One cannot possibly blame India for blocking banks to work alongside crypto businesses. A lot of people got scammed in India, people were held at gun point apparently, and the thieves took away the entire money. But we can't blame crypto as well. The future looks uncertain, there were rumors about the Reserve Bank of India releasing their own coin, hopefully whatever happens, it is for the best.
What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?
The current situation is not very positive in india right at this moment. The Reserve Bank of India had issued a notice to all commercial banks which forbids them to provide services to any crypto related businesses. Few crypto exchanges have taken this matter to the court and surprisingly the court had denied interim injunction on that notice.
The future looks grim under current government policies as this givernment is driven by religious forces.
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