India and Russia ban Bitcoin | Bitcointalksearch.org

KEPLER99

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Quote from: SyGambler on November 24, 2017, 01:43:02 AM

news like poped many times in the past , so don't panic till it actually happens cause there is nothing normal people can do
I'm kinda optimistic this won't happen , cause if they are planning to do that they would had done it a couple of years ago
there is no perfect way to ban crypto , so governments won't do untill they are sure that they can handle such a ban

Even I do believe that doing so is highly impossible because much of the people's have invested a huge amount in bitcoins and also several such news were been heard in the past but gave us nothing just some price dump. Perhaps several major investors purposely spread such news to dump bitcoins to some extend and then purchase bitcoins at the dip giving them huge profits.

Similar has been observed in the past when china spread the news about banning the ICO. Bitcoins experienced some major price dump that time and even gave many people's opportunities to buy bitcoins at dip.

btcjoin14

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Quote from: pri3oner on November 30, 2017, 02:44:15 PM

It just can't be the truth about Russian BTC ban cos there's the law to be prepared for summer 18. It's kinda old information over there. Peace.

If they decide to ban Bitcoin then there will be a small impact on the price of Bitcoin though it won't affect it by much.

tuniscu

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Quote from: freightjoe on November 24, 2017, 12:40:13 AM

Following many smaller countries that have recently banned Bitcoin, we are now into the end game.

India is banning Bitcoin : https://economictimes.indiatimes.com/markets/stocks/news/war-on-bitcoin-govt-panel-seeks-crackdown-on-crypto-currency-dealers-in-india/articleshow/61450361.cms

Russia is banning Bitcoin : https://www.cnbc.com/2017/10/10/russian-central-bank-plans-to-ban-websites-that-offer-bitcoins.html

These are articles about the banned bitcoin and almost every week I see them. More and more countries banning bitcoin and banning it.

vinc3

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Quote from: freightjoe on November 24, 2017, 12:40:13 AM

Following many smaller countries that have recently banned Bitcoin, we are now into the end game.

India is banning Bitcoin : https://economictimes.indiatimes.com/markets/stocks/news/war-on-bitcoin-govt-panel-seeks-crackdown-on-crypto-currency-dealers-in-india/articleshow/61450361.cms

Russia is banning Bitcoin : https://www.cnbc.com/2017/10/10/russian-central-bank-plans-to-ban-websites-that-offer-bitcoins.html

Let them banned bitcoin all they want for they are not the one who will decide if their citizens are going to use it but they themselves (citizens). We saw major countries like US and China not supporting the same said currency but what it did to the price of bitcoin???-- it made people wanting it more for they know that this thing can change thier future and not their government, who is just there tonshow off and not act to the important matters that their people really needs. We hopethis ban won't be permanent for more russian and indian brothers and sisters will be bless with the oppurtunity that bitcoin has.

jamesdean35

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i think its temporary

St4yInTh3D4rk

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Quote from: dmamigo on November 30, 2017, 04:35:34 PM

Recently a Indian minister commented upon Bitcoin, that still its not a legal tender, the government still haven't decided whether to impose a ban or make it legal. So still there is no confirmed news of its ban on cryptocurrencies.
Russia is also not banning in real, they most probably will impose restrictions on exchanges or dealers.

Yeah,as you said they not yet banned bitcoin in India because I can see the bitcoin tradings happening on localbitcoin.com in India.And Indian traders giving more price than the actual price of bitcoin so many people selling their bitcoins to indian traders so still bitcoin is leagal in India.

pikebu

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Quote from: Captain_Planet on November 24, 2017, 01:01:02 AM

Its a surprise to me for Russia banning bitcoins if its true because Russia was hosting miners of china and Korea. How come they even think of banning bitcoins then?
For India I cant say much but still banning it completely is a strange thing.

Yes the government are always trying to ban the bitcoin it is not just India and Russia but also the united state of America.
The U.S. government is very aware of cryptocurrencies and the rise of bitcoin. This week American authorities from multiple agencies such as the IRS, the Federal Reserve, and President Trump’s press secretary all explained they are monitoring cryptocurrencies and bitcoin’s recent popularity. But i am not sure the government they can stop the bitcoin because it is decentralize, so stay be relax it will not kill the bitcoin.

bitkanu

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Quote from: Visbay on December 02, 2017, 02:38:14 AM

Quote from: Aeneas on November 30, 2017, 02:38:55 PM

Quote from: darkangel11 on November 30, 2017, 02:12:44 PM

Quote from: Aeneas on November 30, 2017, 02:03:35 PM

Russia changes her mind time to time and do it oppositely

That's because they don't really know what they want to do with cryptocurrencies. First we had news about Putin being interested in ETH, then we had news about their government controlled cryptocurrency and now there are voices saying they should ban it all. People have frequently quoted this well known phrase ending with "and then you win". It seems we're still in the "they fight you" phase.

a government panel is said to have advised closing cryptocurrency dealers in India
This doesn't mean anything. They can keep advising it as long as they please. You need legislation for it to be legit.

Yes, but be sure, that Putin and main core of russian oligarchs know about bitcoin and other crypto, and they a buying cryptos in terribly huge volumes. That's for usual people they are not confident how to do with BTC.

Well about India I’m sure that it’s not banned in India because I have a lot of friends from Indian and I’m doing chat with them every day and they are using bitcoin on daily base because India need bitcoin and Indian high court order to regulate bitcoin because still in many parts of India there is a poverty and bitcoin is going to change a life of them and Russia is a different thing because bitcoin don’t care about any banned around the world.

By officially announcing that the government have an act against bitcoin doesn't mean all those people there stopped using bitcoin, they will still use it but secretly, bitcoin is decentralized, even if your government have full control over your internet connection, you can still access bitcoin and they can do nothing.
These regulation itself I'm pretty sure only punish dealers there that already offering crypto services only.

Visbay

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Quote from: Aeneas on November 30, 2017, 02:38:55 PM

Quote from: darkangel11 on November 30, 2017, 02:12:44 PM

Quote from: Aeneas on November 30, 2017, 02:03:35 PM

Russia changes her mind time to time and do it oppositely

That's because they don't really know what they want to do with cryptocurrencies. First we had news about Putin being interested in ETH, then we had news about their government controlled cryptocurrency and now there are voices saying they should ban it all. People have frequently quoted this well known phrase ending with "and then you win". It seems we're still in the "they fight you" phase.

a government panel is said to have advised closing cryptocurrency dealers in India
This doesn't mean anything. They can keep advising it as long as they please. You need legislation for it to be legit.

Yes, but be sure, that Putin and main core of russian oligarchs know about bitcoin and other crypto, and they a buying cryptos in terribly huge volumes. That's for usual people they are not confident how to do with BTC.

Well about India I’m sure that it’s not banned in India because I have a lot of friends from Indian and I’m doing chat with them every day and they are using bitcoin on daily base because India need bitcoin and Indian high court order to regulate bitcoin because still in many parts of India there is a poverty and bitcoin is going to change a life of them and Russia is a different thing because bitcoin don’t care about any banned around the world.

dmamigo

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Recently a Indian minister commented upon Bitcoin, that still its not a legal tender, the government still haven't decided whether to impose a ban or make it legal. So still there is no confirmed news of its ban on cryptocurrencies.
Russia is also not banning in real, they most probably will impose restrictions on exchanges or dealers.

richardsNY

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Quote from: cosmoo on November 30, 2017, 03:31:39 PM

Good for them lol Cheesy

One more reason for russian people to move from this country.

Bitcoin hasn't been banned in Russia. People here quickly jump onto the assumption train just by reading titles. Russia can't make up its mind on how to deal with everything related to the crypto market that only grows bigger and bigger. One day they seem rather neutral, where not long after that they choose to go with a more hostile approach, and shortly after that they are neutral again. It has been like this for a few years now, and so far it seems that this will continue for a longer while. It's either them needing a lot time to catch up, or they constantly get surprised by this market and for that reason need to adjust all their planned regulations, which again costs a lot of time.

Gabb

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I do not see the bad enough that these countries ban bitcoin, because these emerging countries have found in bitcoin a reliable store value and are investing important capital in the market. Therefore, once bitcoin banned people will surely continue to acquire bitcoins but now through the black market, which would possibly mean a boost to the price of bitcoin.

swogerino

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That is a bad thing if many countries start to ban bitcoin it is difficult for the users to exchange their bitcoins to real money as the governments will create financial divisions only to block such transactions. Still if the users have a lot of bitcoins, they just need a hardware wallet together with them to travel to the most nearby country and make the exchanges there. Not the easiest of situation but doable.

ssxhz

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Quote from: S.coastapps on November 24, 2017, 01:47:39 AM

After the Ban of China so many countries decided to ban the BTC.

Also Korea. Cry

Ruetli

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Quote from: Green N on November 30, 2017, 03:18:37 PM

Nigerian banks banned all transaction in bitcoin , colombia too , and morocco banks say Any person dealing in the currency of the bitcoin will be prosecuted

Could you please post some Sources for this?

elie_s

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i think this is an old topic its not a surprise they banned bitcoin, every country want to ban something they cant control but with time and people purchasing bitcoin i think we will have a different story

cosmoo

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Good for them lol Cheesy

One more reason for russian people to move from this country.

zexx1976

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Quote from: Ruetli on November 30, 2017, 03:28:17 PM

It is not an outright ban in India, only a proposal to close dealers. [02/11/2017]

In Russia the announced to block access to cryptocurrency-exchanges. So the russians will have to deal peer-to-peer or use Tor. Since the article was already published on 10/10/2017 it would be interesting to know how it is going now. Any Russians here?

How are russians going to cash out then?

Ruetli

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It is not an outright ban in India, only a proposal to close dealers. [02/11/2017]

In Russia the announced to block access to cryptocurrency-exchanges. So the russians will have to deal peer-to-peer or use Tor. Since the article was already published on 10/10/2017 it would be interesting to know how it is going now. Any Russians here?

Green N

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Nigerian banks banned all transaction in bitcoin , colombia too , and morocco banks say Any person dealing in the currency of the bitcoin will be prosecuted

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