Topic: India closes doors for Crypto Currency - page 11. (Read 2299 times)
This really is not good news. But we should remember that there are reasons behind everything. Maybe they just ban crypto while still trying to learn more about it. We can just hope for the best for cryoto users in India
From the government side RBI given deadline is approached and bank have stopped transactions related to crypto currency but still their are pending court case which is schedule to give result on 15th july 2018, till then you can trade in cryptocurrency through P2P exchanges.
I think that in the matter of India cultural issues also weigh a little, the idea of giving freedom to be truly owner of your money should weigh in that matter. But cryptos can not be controlled, one way or another governments will not be able to penalize everyone they use.
They will only be able to forbid their citizens to play Bitcoin not for everyone in this world.
I think that in the matter of India cultural issues also weigh a little, the idea of giving freedom to be truly owner of your money should weigh in that matter. But cryptos can not be controlled, one way or another governments will not be able to penalize everyone they use.
The door of cryptocurrency cant be close completely in their country, with time and little rethink by the government, they will make a u turn on the hash decision of the ban.
I think that it is temporary and soon it will open its doors to crypto especially bitcoin which has much to offer to a number of large companies. I think that btc is a great investment and India will understand this
India has a major problem with tax evasion. They have gone to extremelly drastic measures to try to get people, especially the rich, to pay their fair share of taxes. Obviously, crypto makes it very easy for people to evade taxes so India is having a crackdown. I think we are at the moment in history everyone saw coming from the early in the bitcoin days. Governments are cracking down. However, soon people will realize the decentralized and anonymous possibilities of crypto make it impossible to stop. I have my popcorn ready!
The news is true that Chaina had already banned crypto currency. Then I think in asia it will be hard for bitcoin to explore. I'm not saying that it's impossible but it will be very very hard. While Japan warmly welcomed crypto currency but India also banned it. I don't know about Korea. But the other developing countries follow ther developed countries or the power full countries.
It is not very wise to push out the obvious progress, but for sure, governments are better off. Although I consider that for such actions it is necessary to add the opinion of libdey who work with it.
This is bad news about Bitcoin being banned in India,
Losing support everywhere. Fuck India.
This is bad news about Bitcoin being banned in India, i hope this is not for a long time.Actually India is afraid of taking risk, but if their properly understand the opportunity crypto will have over they economy they will embrace it.
You are right its may be just temporary decision because mostly Indian authorities take these decision for taking time as they have some good solution to handle then they give some good and soft hands to peoples for involving in these things so we have to patience and wait for next announcement which could be very good and positive for all here in this community
This is bad news about Bitcoin being banned in India, i hope this is not for a long time.Actually India is afraid of taking risk, but if their properly understand the opportunity crypto will have over they economy they will embrace it.
Bad news agains bitcoin and cryptocurrency. When does it stop? Its like no time to stop bad news and make cryptocurrency again meet its low condition. This is very hard condition to accept by crypto hunter but we need to pass this with faith to it so anybody can follow.
Bitcoin appears to finally be hitting the finish wall. Perhaps time to move to EOS?
I heard there are too many problems that EOS is trying to figure it out technically. I'd rather stick with bitcoin, ethereum and the litecoins in the world.
Bad news agains bitcoin and cryptocurrency. When does it stop? Its like no time to stop bad news and make cryptocurrency again meet its low condition. This is very hard condition to accept by crypto hunter but we need to pass this with faith to it so anybody can follow.
Bitcoin appears to finally be hitting the finish wall. Perhaps time to move to EOS?
According to recent news, RBI which is India's central banking institution has advised to stop transactions from any crpto exchanges. This will stop the buying and selling of bitcoin and changing into local currency. Official statements hint more bad days for bitcoin.
For more info, check : https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
https://ambcrypto.com/bitcoin-btc-banned-in-india-reserve-bank-of-india-releases-an-official-statement/
India is considered a big market of bitcoin and cryptocurrency it's really a sad news to the crypto community, there is a petition coming from supreme court to central bank of India asking to regulate bitcoin and cryptocurrency. For more info, check : https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
https://ambcrypto.com/bitcoin-btc-banned-in-india-reserve-bank-of-india-releases-an-official-statement/
https://www.coindesk.com/indias-supreme-court-calls-government-regulate-bitcoin/
According to recent news, RBI which is India's central banking institution has advised to stop transactions from any crpto exchanges. This will stop the buying and selling of bitcoin and changing into local currency. Official statements hint more bad days for bitcoin.
For more info, check : https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
https://ambcrypto.com/bitcoin-btc-banned-in-india-reserve-bank-of-india-releases-an-official-statement/
For more info, check : https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
https://ambcrypto.com/bitcoin-btc-banned-in-india-reserve-bank-of-india-releases-an-official-statement/
I respect the decisions taken by the Indian government. What is that. Suggestions against using crypto or hard restrictions or ...
My advice to Bitcoin lovers, do not worry. We just observe the attitude of the economically more advanced country. Observe their attitude toward Bitcoin and other cryptocurrencies.
According to recent news, RBI which is India's central banking institution has advised to stop transactions from any crpto exchanges. This will stop the buying and selling of bitcoin and changing into local currency. Official statements hint more bad days for bitcoin.
For more info, check : https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
https://ambcrypto.com/bitcoin-btc-banned-in-india-reserve-bank-of-india-releases-an-official-statement/
For more info, check : https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
https://ambcrypto.com/bitcoin-btc-banned-in-india-reserve-bank-of-india-releases-an-official-statement/
Too bad to hear that , but we have to remember that there is always a reason behind this and probably thats the thing they want to keep, but in the end of the day, it just a matter of hardwork, but I guess if they acquire Bitcoin to their country thse days they may teach it o the people who were capable to be involve here for extra income since we all know that India is one of the most populated countries and they need assistance which they can get with Bitcoin.
To update this thread to latest news I will write something here :
RBI is truly going to ban the crypto transactions. BUT, they are not going to hamper the crypto to crypto exchange at all.
With all the news getting flashed about India, I have got to know that they are just not going to support the Crypto to Rupees (INR - local currency) exchanges at all. This means Indians can not withdraw their money into the bank account from July 5th onwards.
In short - Indian market is going to vanish from the face of crypto space.
RBI is truly going to ban the crypto transactions. BUT, they are not going to hamper the crypto to crypto exchange at all.
With all the news getting flashed about India, I have got to know that they are just not going to support the Crypto to Rupees (INR - local currency) exchanges at all. This means Indians can not withdraw their money into the bank account from July 5th onwards.
In short - Indian market is going to vanish from the face of crypto space.
India has asked the government to ban the use of virtual currency in the country because it thinks there is a risk of fraud and money laundering. But there are reports that India is rethinking the issue
As soon as prices for cryptocurrencies fell, they try to suspend transactions, that people would not lose money on cryptocurrencies, and spend only the national currency. When the situation on the market changes for the better, then again allow the trade in cryptocurrencies.
Yes, I got this information last night. This is really bad news for Bitcoin and the crypto market, I'm not sure but maybe this has some impact on the market. We should also consider the fact that the population of india is high, that means the government will be needing a lot of manpower and technology to track a scam, this might just be another china incident.
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