Topic: India closes doors for Crypto Currency - page 12. (Read 2299 times)
India closed Crypto is actually too rigid and we dont know what their plans. Every country will be flexible in responding to all economic and business issues especially if crypto currency itself is a new technology in future global business. So in fact India takes a selfish move, hopefully they think about it again
The issue in India about cryptocurrency appears very murky to me. I am a little bit confused of the real situation on the ground. The best people that will give us the clearest picture of the cryptocurrency situation there are nothing but the Indian people themselves. It started with a sort of a ban that ended up lifted if I am not mistaken. What ensued was an investigation of the previous policy, that was found out to be without the backing of a proper study or research. Well, let us wait for the final and official verdict on the matter. Either way, I am sure that crypto will still thrive there.
it's the right of any country to close the door for bitcoin, But if I become the leader of a sovereign country, I will do a review for bitcoin, looking for the main point for bitcoin to be accepted.
Yes it is a very sad news the indian government is not wanting to accept the crypto since it is very unpredictable and they don't want to accept the various prospect and opportunities of the crypto and how it can change indian economy
This is so bad news,I think the government of indea closed the exchange between banks and the crypto market! but it does not close the doors of the crypto market.Now this is the time of crypto so it is not so far that one day they will understand,bitcon is the future currency and future currency can make country economy developmend.
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/
That a bad news and the indian people who works by bitcoin will have many problems i think the best solution is to speak with the government and find a resolution for bitcoin transaction problem 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/
this decision taking by the central bank of Indian will make negative effect in the cryto market, this is because Indians take much percentages in the people that patronize the crypto market so if their country have to back off from trading with crypto currency it will bring about loose in the world crypto market. lets just hope this policy from the central bank of India and the people of India will critically look into this their before passing it into global market, and the effect it will cost on foreign business and economy.
This seems to be old news, right now there are news coming out that India is considering cryptocurrencies as goods and taxing it with 18% , i am not sure how this tax will aplly tough.
I think that govs are not stupid and understand than it is not possible to stop cryptos , even if they ban them , black market will emerge.
I think that govs are not stupid and understand than it is not possible to stop cryptos , even if they ban them , black market will emerge.
Based on the latest news, the authorities changed their minds and attitude to crypto-currencies again, and now they want to pay 18% tax for using crypto currency. I will not say that this could affect the entire crypto-currency market, and I hope that in the future the authorities of this country will be more loyal to crypto-currencies.
Sources familiar with the state of affairs in the government reported that the Income Tax Department realized the importance of taxation of the Crypto-currency.
A digital asset can be classified as "intangible goods" on a par with other software products. At the same time, according to the body, separate laws will be introduced to combat the use of digital currencies in illegal activities.
well this is really a sad news for the cryptocurrency world as it will surely reduce the number of bitcoin investors and also the value of most cryptocurrency. i sincerely hope the government will soon reconsider
Maybe it’s one of the reason why the value is going down to such an extent but the government have indeed robbed its citizens and the country of a very good thing.
well this is really a sad news for the cryptocurrency world as it will surely reduce the number of bitcoin investors and also the value of most cryptocurrency. i sincerely hope the government will soon reconsider
I think that soon it will open the doors for India cryptoons. They may be upset now and they now think that Bitcoin is risky in their country. When this complexity is over again, it will be declared as valid again. That's why we have to work and wait until we give it legitimacy.
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/
Yes, However, I don't think that it will affect in the long run. Yes, there was a panic situation when the decision came from RBI but still, we are able to trade on one to one basic through banking system. 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/
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/
It’s still not banned in the country, just for bank usage, so I suppose that they just want to deploy more regulations on a national level 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/
not just India i think in my country Indonesia people still afraid investing in bitcoin, its because of negativity media framing. the governance always declassing all about bitcoin, no matter what news deliver to us, we are still on our faith that bitcoin has a big potential to replace fiat in accordance to transparancy and lack of fraud. the era has changed as technology development
Its hard to be open to smh that could ruin the bank system in your country. Thats why...
This will be a common occurrence in the world of crypto, overly harsh crackdowns on a blossoming technology, simply because governments lack the ability to control it. We've seen it multiple times in past, and the outcome is always the same, the government eventually bends to will of the population and unbans it. We just have to wait until the gov of India catches up.
i think they're afraid to take risk, well sad for indian investors
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