Topic: Future of Crypto for Indians? - page 2. (Read 282 times)
Im not Indian.I'm just looking for the same in my country :p
The real question is, if cryptocurrencies and all actions related to them (spending, trading, investing, mining, etc.) were banned, will Indians still risk their lives for them? In my opinion, using a proxy will not make them anonymous enough to do that safely.
Some will leave country and some will use p2p cash trading.
This bank ban plan will probably back fire to governments. Previously, all traders used to trade on legalized exchanges — so government could track but now it has shot itself in foot.
Bitcoin is important for Every person like if we say that one country can take benefit of it and now the market is again showing a rise while Crypto is good for every one for Indians for European and for every one in the crypto world.
Not only Indians but also most of the country are use this bitcoin and follow the instruction rules and crypto market will be one here all people. Most of the people are use this currency they are trading all coin and get the huge profit. Indian is one of the most crypto currency in this market.
a bank can not ban anything, the only thing they can do is to stop offering a service they should have offered. for example they can stop giving debit card accounts but that doesn't mean usage of debit cards is banned in the country! it just means the bank stopped offering that service.
the same thing is with bitcoin, they just stopped offering services to bitcoin users who want to use their bank to transfer money to exchanges and dump it for bitcoin. if you are unhappy about them then change your bank, there are off-shore banks that you can also use.
the same thing is with bitcoin, they just stopped offering services to bitcoin users who want to use their bank to transfer money to exchanges and dump it for bitcoin. if you are unhappy about them then change your bank, there are off-shore banks that you can also use.
Yes, but does India also forbid everyone to have bitcoin ?, If so, in my opinion it's very bad. in India there may be many people who want to plunge into the world of crypto investment because the real world economy is getting harder.
bitcoin is neither legal or illegal
i am regularly trading btc in india without a problem
i am regularly trading btc in india without a problem
The real question is, if cryptocurrencies and all actions related to them (spending, trading, investing, mining, etc.) were banned, will Indians still risk their lives for them? In my opinion, using a proxy will not make them anonymous enough to do that safely.
Let me tell you what's happening with the cryptocurrency in India, As the Reserve Bank of India is try to ban the cryptocurrency and they are going beyond the limit like threatening the traders to stop trading or else their bank account will be seized and also displaying the ads like "Do not deal with cryptocurrency as it is illegal" but cryptocurrency is not illegal in India as of now because there is a case going on right now and the next hearing will be on 17th September 2018. It's just a sheer abuse of the power by these bankers. Just in case if it is banned then what are all the ways Indians could find a loop hole to use crypto? I think Indians might start trading in cryptos via proxy from a third country and start investing the profits in any of the gulf countries.
Perfectly analysed the current scenario in India. May government fuck out crypto soon as well dollar equalize value to indian currency fall down badly.
Let me tell you what's happening with the cryptocurrency in India, As the Reserve Bank of India is try to ban the cryptocurrency and they are going beyond the limit like threatening the traders to stop trading or else their bank account will be seized and also displaying the ads like "Do not deal with cryptocurrency as it is illegal" but cryptocurrency is not illegal in India as of now because there is a case going on right now and the next hearing will be on 17th September 2018. It's just a sheer abuse of the power by these bankers. Just in case if it is banned then what are all the ways Indians could find a loop hole to use crypto? I think Indians might start trading in cryptos via proxy from a third country and start investing the profits in any of the gulf countries.
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