The Reserve Bank of India has got a court backing for its earlier restrictions on providing bank services for those who deal on bitcoin and cryptos,This is a direct disregard to warnings recently issued by experts(to Europeans banks) that banning cryptos will have undesirable consequences.Do you think it will reconsider its stance?
its been a hell in india for cryptocurrency but i do thing its would not stop them, there is always a way to purchase cryptocurrency for example using paypal. I do believe india cant ban it forever and they will see the potential of cryptocurrency like korea in future. Look at korea they started to embrace it and they believe ban crypto would not stop them buying it and indeed its a wrong decisions. 
Topic: INDIA KEEPS BAN IN PLACE,ANY THOUGHTS? - page 4. (Read 1573 times)
Well, as I’m not sure about this but I think that Indian government is very supportive to digital transactions. I believe that they will focus in this matter again.
Irrelevant. No matter what your jurisdiction says about bitcoin, when you wake up the next morning you'll open your favorite block explorer and you will see how every 10 minutes there's blocks being mined with transactions on it.
If your government bans bitcoin, you can still use it and obtain with cash or in exchange of goods and services.
If your exchange bans physical cash too, they will pretty much help the bitcoin economy since people will resort to providing goods and services in exchange of bitcoin as the only way to obtain it.
All govs will have a "we are banning the damn thing" period, which will follow by a "we give up, we are unbanning it" period, these that hold through it all and obtain as much BTC as possible during the dip will come out on top.
If your government bans bitcoin, you can still use it and obtain with cash or in exchange of goods and services.
If your exchange bans physical cash too, they will pretty much help the bitcoin economy since people will resort to providing goods and services in exchange of bitcoin as the only way to obtain it.
All govs will have a "we are banning the damn thing" period, which will follow by a "we give up, we are unbanning it" period, these that hold through it all and obtain as much BTC as possible during the dip will come out on top.
This is not a problem because there is already a solution for regulations. Enforcing regulations will only expedite the transition towards the solution. In order to bypass regulations to have your own freedom and protect yourself at the same time, you need to switch to a Tor-based decentralized exchange, like Bisq, and use it to trade Tor-based privacy cryptocurrency like DeepOnion. Decentralized exchanges are a new trend but soon they'll pick up the pace and trading will become more convenient.
I emphasize on Tor because it's the most popular privacy tool used by millions world wide, and the more use it, the stronger it will be. Crypto wallets that integrate Tor provide identity protection so regulators can regulate all they want and it won't make a difference.
I emphasize on Tor because it's the most popular privacy tool used by millions world wide, and the more use it, the stronger it will be. Crypto wallets that integrate Tor provide identity protection so regulators can regulate all they want and it won't make a difference.
I heard about this news and it's quite heart breaking for all of us, India's these kinds of restrictions towards the crypto currency is not correct they should try to understand the market and it's accessing system. however I hope in the upcoming future things will be changed.
I hope yes, they will reconsider their decision after a time passed. India is a technology friiendly country. So there is high chance of accepting crypto in future.
In 2014, India also said "no" to international coalition against ISIS/ISIL terrorists.
The indian court banking stays by its earlier restrictions of banning the transactions of crypto currency.
India didn't ban crypto currency. RBI did. But, I hope soon they will withdraw their bannd and adopt it.
The Reserve Bank of India has got a court backing for its earlier restrictions on providing bank services for those who deal on bitcoin and cryptos,This is a direct disregard to warnings recently issued by experts(to Europeans banks) that banning cryptos will have undesirable consequences.Do you think it will reconsider its stance?
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