I think its will be canceled in the future o this news become as a fake
One time i am already hear about ban crypto in India
Topic: India closes doors for Crypto Currency - page 14. (Read 2299 times)
I think they just have strong and tight regulations in regards with virtual currency. One factor might be considered as well is their insecurities from their local currency when times come Bitcoin demand is unstoppable.
India is a country with a lot of potential, many IT experts in Europa came from India but I see few blockchain related things happening from there. Maybe it’s because of tight regulation that kills the innovaton.
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 don't think they can ban bitcoin that easily. As i recall they had done something like this in the past but were unsuccessful in completely banning it.
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This will stop the buying and selling of bitcoin and changing into local currency.
But this will not stop people from bitcoins from localbitcoins of through personal trades on this forum or any other. This will definitely impact or is impacting exchanges like Zebpay and unocoin ( main trading websites in India atm)
Indian crypto legality is now is at the High court of Delhi hopefully we may get a new stand about future of Crypto Legality
I think they just have strong and tight regulations in regards with virtual currency. One factor might be considered as well is their insecurities from their local currency when times come Bitcoin demand is unstoppable.
I hope they will succeed, where can you read more about that? Did not find any related articles on cointelegeaph
I heard there are lots of protests and petitions are going on in India. Youtubers started a campaign against the RBI decision, Also the decision against crypto has been challenged in the supreme court of India. Lets see where they go.
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/
A few months ago I read an article about India wants to create their own Cryptocoin, and the project is run by the government. So this might related to it, or maybe India wants to prevent losses and manage the regulation of Cryptocurrency further like some countries do. 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/
Hopefully, this is only temporary. Looking further down the road, governments can change, too. Because India has a plan to adopt blockchain technology and I think it's something that will be a new policy for the government of India.
when the prices start to rise again but we have to see a bad news like that, it may affect the price to fall again. if India totally banned crypto currency it's mean the government of India eliminating chance and hope for crypto users in India to improve their lives. we knows not easy to make money and find a job and crypto can provide both for them but now they lose that chance.
Hope India will not really prohibit the exchange. It will be sad for crypto! Is it actually legal in a modern democratic country?
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/
This is a hell for CryptoCoin activists, the thing that should be able to raise the economic level of its citizens but instead becomes a monopoly of government that is very unethical because the government can still get money from other sectors instead of pressing the developers or holders of CryptoCoin and this also could mess the economy of its citizens. Greed only brings disaster.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/
Ah here we go again, FUD wave is back and the price fall again, if we see it at positive side we can buy Bitcoin with cheaper price. Maybe this might be temporary, just like what happened a few months ago to China and a few weeks later Bitcoin’s price soared, hopefully. 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/
The recent ban of crypto currency in most countries have to do with related fraudulent activities in some ICO projects. I would not blame countries that ban crypto currency like India, USA and others. Thanks
Yes I think that might be a very bad news for bitcoin's development in the future. India has the second largest population and yet a very few percentage of people were interested in bitcoins. I think bitcoin's popularity, price, etc. could have increased a lot as more number of people from India would have gotten influenced by others into cryptos, but sadly that might not be possible anymore.
Shame, India, known for its state support for advancing technology, is apathetic in accepting crypto as part of the latest technology in the financial world. Look at Korea, when they are rumored to ban Bitcoin but instead they just appeal not to actually stop this technology.
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/
Another negativity arise in cryptocurrency, this means we are going to experience another drop. Though RBI are going to close the trades on cryptocurrencies in their country, maybe that would be a bad news for digital currencies because India is one of the biggest contributor in cryptocurrencies.
I don't think that india will totally close it's doors for cryptocurrencies, a scenario like that already happened with china, and still china today stills accepts cryptocurrencies, what may happen, is that they will try to regulate cryptocurrencies, to protect the people from scams, it is a fact that indians are good good at technology, this might be the reason, why they intend to stop it or hold it for now. 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.
their intentions are correct, but their policy is wrong, India is almost identical to China, it is only to make the temporary state become more stable, but its impact for crypto traders in that country will be bad and surely many markets shut down suddenly, state policy sometimes according to the portion, and I see them making mistakes.
This was expected as India has been one of the countries hostile to crypto currency, they finally have shut their doors to crypto, what;s amazing however is the large number of Indian developers in many upcoming ICO
this is indeed bad for bitcoin and all other cryptocurrency. i really hope they will have a review in future and accept bitcoin back.
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