India closes doors for Crypto Currency - page 19.

megi440c

newbie

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India has clearly banned cryptocurreny. but are there any sanctions for crypto users in that country?
and 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.

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

We used to think of India as the world's largest democracy, maybe we should think of it as the world's largest fascist country. They had demonetized the largest bills last year, and now that the banks have a much tighter grip on everybody's money, the central bank wants to close one of last remaining way to get your money out of the government's hands and eyes. This is India, this is fascism.

Hopefully, this is only temporary. Looking further down the road, governments can change, too.

warrengates

newbie

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Quote from: Kokoy on April 05, 2018, 11:05:45 AM

Quote from: senne on April 05, 2018, 10:47:28 AM

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/

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.

This is bad news about Bitcoin being banned in India, i hope this is not for a long time. it's a shame if a country with a huge population prohibits the use of Bitcoin.

Kokoy

full member

Activity: 201

Merit: 100

Quote from: senne on April 05, 2018, 10:47:28 AM

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/

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.

teiwaz44

newbie

Activity: 33

Merit: 0

Quote from: senne on April 05, 2018, 10:47:28 AM

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 afraid of taking risks! He does not want people to be deceived! I do not trust the crypt myself!

senne

hero member

Activity: 1078

Merit: 507

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/

Topic: India closes doors for Crypto Currency - page 19. (Read 2299 times)