Topic: India may ban Bitcoin - page 6. (Read 24859 times)

I think Indian government is not ban bitcoin but it will be make some rules and regulation

1) Taxation
https://m.timesofindia.com/business/india-business/i-t-will-tax-bitcoin-trade-has-issued-few-lakh-notices-cbdt/amp_articleshow/62755763.cms

https://timesofindia.com/business/india-business/it-notices-to-4-5-lakh-individuals-trading-in-bitcoins-across-the-country/amp_articleshow/62121048.cms

https://cleartax.in/s/bitcoins-taxes-india

2) You should have read the disclaimer about investing in Crypto Currencies, Crypto Currencies are speculative investments, no one guarantees profits.


3) I couldn't give a flying fuck what zebpay's business model is or was, because i don't use it, nor do I need it.

YOU ARE SO EDUCATED THAT YOU DONT EVEN READ MY MESSAGE FULLY !!!! NOW TELL ME WHERE FM SAID WE NEED TO PAY TAX YOU EDUCATED PERSON ?

INSIDER NEWS ON NEWS WEBSITE ?  THERE SOURCES ARE NOT 100% CORRECT READ there disclaimer Dear EDUCATED PERSON .

AND TELL ME WHY ZEBPAY CHANGED ITS MODE OF BUSINESS  SHADY ?

This guy didn't even bother reading even after I posted a picture of what exactly The Finance Minister said, DUDE, he said he will stop Crypto Currencies use for illegitimate Activities (criminal Activities), HE NEVER SAID CRYPTO CURRENCIES WILL BE STOPPED

ZEBPAY IS A BITCOIN EXCHANGE.

BITCOIN DOESN'T REVOLVE AROUND ZEBPAY, YOU ARE ONLY AWARE OF ONE BITCOIN EXCHANGE AND THINK THAT THATS WHERE ALL BITCOIN TRANSACTIONS HAPPEN?
YOU ARE HOPELESSLY OUT OF DEPTH ON CRYPTO CURRENCIES, EITHER GET EDUCATED ON CRYPTO OR STOP MAKING IGNORANT COMMENTS

The insider information came out in the news in South Korea after the fud.Really hope you sort out your ignorance, jeez


https://news.bitcoin.com/south-korean-officials-caught-trading-on-insider-knowledge-of-crypto-regulations/

So much fud in India government is very dumb

FM said they will not allow crypto coins  and allow blockchain

You should understand the difference between blockchain and bitcoin.

You can send me bitcoin but they know that you and i both have bitcoin because we already gave PANCard to zebpay, we are all under there radar.

Now how you get insider story of south korea ?

and China if trade is high after ban then why prices are not going up ?

About taxes , if its not consider as legal tender then why tax and  where FM said to pay tax (show me  a single gov gazette where it say pay tax for cryptos ) ?

"Some newbie asked about gold to raise his post count .

Gold is worldwide accepted , you shouldn't ask this question . if someone stole your gold you can go to police and complaint

some one stole your bitcoin , police will kick you out

thats the difference between gold and bitcoin "

Now i think why zebpay changed its model just before this budget , they are aware of this like you have insider story south korea they also may have it like ?



 

yes i saw 2.5lakhs too, just hope that they are just fud and crack down wont happen.
i am watching tv since morning in order to find a good news, but nothing yet. lets see if they are fud

We had a panic sell today on zebpay due to this fud, it went below 3lakhs with many new investors losing their hard earned money.People should not invest if they cant control their emotions for such baseless fud.

Lol a government can't directly control me if I'm sending Bitcoins to you. There is also provision for taxation on Crypto Currencies, so you as long as you pay the taxes on your Bitcoin gains, you can send receive legally.
Did you know Bitcoin trading in China had only increased even after Bitcoin trading through exchanges were banned? I bet not, there are always  means to send Receive because no one controls Bitcoin.
And its South Korea, not Korea, there are two countries. The news were just fud, even the ministers there trade Crypto Currencies, they had insider information about the fud and sold their holdings soon before the fud came in.
Just because exchanges are banned, it doesn't mean Bitcoins are banned, what have you even learnt if you think Bitcoin can be blocked/banned from being transacted?
I already gave you the reason, Bitcoin runs on blockchain , blockchain cant be hacked/manipulated or "banned".
Learn the difference between Bitcoin and Bitcoin exchange, they are two separate things.

And how is Facebook banning Crypto Currencies advertising relavent for comparison? Facebook banned the ads because of the scam icos which are popping up in large numbers and giving Crypto Currencies a bad name, and ignorant people fall for these scams and think that whole Crypto Currencies are scams, that is why Crypto education matters.

For a change instead of blindly believing every nonsense told by idiots, who know nothing about Crypto Currencies, please read the exact statement by Arun Jaitley

"The Government will explore use of block chain technology proactively for ushering in digital economy" which is good.

i think it is good not good for bitcoin user so don't ban but apply some more taxes and legalized

This exactly what Arun Jetlag said word to word about crypto


Full paper is available here > https://www.scribd.com/document/370488687/Budget-2018-full-text#fullscreen&from_embed

That's right. It would have a lot of repercussions that would actually bring about more negative stuff that good stuff. The Bitcoin, or in general, the cryptocurrency market, is such a big market that yields great profit. It has exhibited how it can increase one country's economy, capital stock and global transactions, which ultimately helped their economies prosper to greater heights. Also, since India inclining on technology and communication as one of its main means of business, cryptocurrency ventures are right around their alley. It could be a big asset for them if they just embrace it and find a way to actively utilize it.

It is very unlikely that they would ban Cryptos in India rather they are looking forward to use 'smart contracts' like Estonia and Dubai which are based on blockchain technologies for keeping land records, etc.; land records has been an intractable problem for a large country like India and declaration of pilot around using ‘smart contracts’ can help start more innovations around blockchain technology and also may also reduce corruption. Next time Listen to FMs speech instead of believing in news.

Not banned.  Just another FUD

Does anyone know,
Is gold a legal tender in India?
Can we hold govt responsible if gold gets stolen or prices fall?
Does anyone from govt puts his signature on gold promising it some value?

So we dont not need to pay taxes correct ?

Dear Educated user you r right , but can u utilize it ? can u spend it ?

And Are you saying the people protest in Korea are totally uneducated people because bitcoin cangt be banned how silly Korean people .

Chinese also most uneducated people like me they are dumb enough and allowed china to impose bans related to bitcoin

Tell me MR educated person , India want to know .

Nope, Arun Jaitley did not said that government is banning the bitcoins or other cryptocurrencies. He said these cryptos will not be considered as legal tender and government does not recognize them. It means people still can continue to invest at their own risk and government will not be responsible for any losses. He also pointed out to finish the illegal use of the cryptocurrencies. Government is also planning to explore the blockchain technology.

Check it out for your reference. http://www.financialexpress.com/budget/budget-2018-bitcoin-is-not-a-legal-tender-but-government-will-keep-exploring-blockchain-technology-says-arun-jaitley/1039815/

I think india banned bit coin (crypto currency).. 🤕🤒