Topic: India closes doors for Crypto Currency - page 17. (Read 2299 times)
Everything looks to me as a FUD. But, even if these guys are serious, they are digging their own grave by not letting the technology workaround as it was made to. They are interested in coming with their own Central Digital Cryptocurrency to keep the citizens of India away from Bitcoins and other VCs. Well, my 2 cents for them. They don't really know that they are badly welcoming the endangers of more and more (illegal) cash transactions in the country by doing this. Bitcoin is anonymous, so if not publicly making it available for people, they will not really be able to regulate more transactions and money that will now come from many different sources (and even more money will go out of the country).
Great news. I hope other countries will follow suit in the near future.
I would like more opportunities for cryptocurrency
I would like more opportunities for cryptocurrency
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Well, I'm not surprised that the Indian government also want to the list of country where crypto currency is not welcome because they have been trying to fully understand cryptocurrency and put it under control for years still they are unable to that resulted in state where crypto is illegal.
oh another bad news for bitcoin, India is a big country I know there are many crypto users in india this will be big affect for cryptos if this news is true.
Bitcoin is not legal tender in India. But Zebpay, Unocoin and Remitano are the exchanges which are working still today for exchanging the Bitcoin with Indian rupees. All the transaction are made in the customers account. Registration is verified with PAN No, Adhar No and Bank Account No.
A lot of exchanges are working illegally in different places, specially in such countries, where bitcoin is still not legal, i think that it is not such a big news, because a single country cannot effect the bitcoin price too much, as India do not have such a big contribution in bitcoin development, although some bitcoin users are there from India, but if China do not put such a big effect on bitcoin price when they closed all ICOs in their country, so we cannot expect any worst effect of banning bitcoin by India. 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/
does not this have lasted long for the country of India? I was not surprised at all, did not even care. this news is just plain deliberate news to drop the bitcoin deeper.
Bitcoin is not legal tender in India. But Zebpay, Unocoin and Remitano are the exchanges which are working still today for exchanging the Bitcoin with Indian rupees. All the transaction are made in the customers account. Registration is verified with PAN No, Adhar No and Bank Account No.
The silver lining is that the Indian government has not completely banned the sale of digital cryptographic currencies.
The Indian government is learning from the Chinese government to study its own digital cryptocurrency!
The Indian government is learning from the Chinese government to study its own digital cryptocurrency!
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 recent news from India is another setback to the cryptocurrency market but the India authority has not banned the citizens of India not buy or use bitcoin but India banks should not process cryptocurrencies transactions. 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/
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/
since last year india goverment already give a sign that they will ban cryptocurrency.so i was not surprised with this news.
its only give a little effect to market.
I say Fu#k them. If they do not want to move forward and if they want their people to live in poverty, then their people should remove them, like they did in other countries.
Bitcoin is a currency without borders and when their government ban a technology, people start to question the reasons behind it. The government will use scare tactics like terrorism and money laundering, but eventually the people will see through that bullsh1t.
Nothing is stopping these citizens from accepting bitcoins for services rendered online and using that money in Bitcoin friendly countries.
Bitcoin is a currency without borders and when their government ban a technology, people start to question the reasons behind it. The government will use scare tactics like terrorism and money laundering, but eventually the people will see through that bullsh1t.
Nothing is stopping these citizens from accepting bitcoins for services rendered online and using that money in Bitcoin friendly countries.
India has done lots of foolish decision before by demonatizing their own currency where millions of people suffered . Now they are coming to crytpo currency even the people made regulation might not knowing about most popular currency like bitcoin and ethereum usecases
This is too bad to hear tho but I think they are just being safe they dont want their country be deceived by crypt. Yes this is risky but taking a risk is what they need to di if they want to improve their economy.
maybe soon india will open the door for cryptocurrency maybe now they are confuse and scared about the risk of having bitcoin in their country. when they got enough knowledge in bitcoin they will legalize bitcoin in india.
India is not a crypto friendly country and has in the past banned some cryptos totally rendering them illegal,its not therefore a suprise that this is happening at all
Perhaps the news is not so catastrophic but I am a little worried by this negative attitude of China and now India towards cryptocurrencies. They are still two countries made up of billions of people
I don't know how much time you are going to ban cryptocurrency from India I live in India and it is making my survival harder every day. Anyway I do not think that government can control all the transactions of Bitcoin which are not done from the bank they just clearly stated that no more transactions can be done through banks so they believe people are not going to exchange any more money into Bitcoin but the only thing which can save people time and money as if they join on their own markets like 2years ago.
Embarrassing news, in fact that many giant cyber corporations like google and microsoft hire many indian employees, even their CEOs.
I guess there are many issues in India that force the government to so. India has big issue about sectarian war (sorry to say) and terrorism. may be crytocurrencies are used for many bad things.
I guess there are many issues in India that force the government to so. India has big issue about sectarian war (sorry to say) and terrorism. may be crytocurrencies are used for many bad things.
I do not know how will the Indian exchanges tackle this. I think we have the owner of some exchanges here and they can tell better about this.
Bad news for all I heard this news some days ago
I hope Bitcoin never die it rise again
I hope Bitcoin never die it rise again
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