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Topic: India may ban bitcoin in 2018 (Read 1717 times)

member
Activity: 113
Merit: 10
November 16, 2017, 06:55:38 AM
I don't know...this is true or not but if the country's government ban bitcoin like Bangladesh the vast number of people who are engaged with bitcoin will be at a stake!!!
sr. member
Activity: 308
Merit: 250
November 16, 2017, 06:54:54 AM
I think this is not true news just decrease the bitcoin population, it is unlikely India will ban bitcoin in 2018.
member
Activity: 127
Merit: 10
November 16, 2017, 06:42:11 AM
Bitcoin banned in India, I think the impact of bitcoin globalization is not significant, because India has not held a lot of bitcoin and not a lot of trading volume, but may start from India and China after the ban on bitcoin, other countries also Follow suit.
full member
Activity: 266
Merit: 100
November 16, 2017, 06:33:35 AM
I think the ban of bitcoin this is a very stupid move. Hardly the government of India will do it.
hero member
Activity: 3080
Merit: 603
November 16, 2017, 06:30:28 AM
I think that's just a rumor.. I never hear the government of India Will banned bitcoin.. they are not legalize bitcoin yet but the government never declare to prohibit Investment in bitcoin.. many rumors about bitcoin banned but we can't trust all the rumors..

It's just a rumor and haven't seen this type of news to a reliable crypto news website. This is the first time I saw that India may ban bitcoin, they are the sleeping giant and if ever this happens a lot of investors will be gone. I know that there are a lot of Indians that are now in cryto and they even made an Indian base cryptocurrency but it didn't went into the mainstream but I don't know on how it is going.
full member
Activity: 406
Merit: 101
November 16, 2017, 06:25:07 AM
Do you have a link to this news you are talking about? If there is none then this is not yet a news. It can be classified as rumors or just speculation. India can ban bitcoin just in their country. It won't be able to ban bitcoin in general. China tried to ban bitcoin but look at what happened, ends up regulating it. There is nothing wrong with bitcoin, government may say that bitcoin is used for illegal activities well so as the traditional currency. Point is, it is not possible to ban bitcoin or it may be possible but that is to ban internet usage on the country.
No I don’t agree with this because bitcoin is now legal in India and it’s not easy for any country to make something legal it take a time and I think after a long thinking India took this decision so I think India is one of the big country in world with high population so they will not ban bitcoin I think they will support bitcoin because still in India there is a poverty.
India will not ban this coin they adopted this coin for sake of economic stability and still they don’t achieved their milestone and secondly bitcoin is the leading way toward the development and progress and as India is still underdeveloped country this decision will surely effects it economy and the business also so I think that they will keep doing in btc because they know that btc will lead them to development.
sr. member
Activity: 1078
Merit: 270
November 14, 2017, 12:27:03 AM
There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/

who feel loss is not me, not you are the losers are the people of India. however bitcoin still prevails without the country of India, china, korea. just look at what's happening to bitcoin now without the involvement of some countries that forbid it.
member
Activity: 62
Merit: 10
November 13, 2017, 11:49:31 PM
I think Its fake news.
full member
Activity: 490
Merit: 100
November 13, 2017, 11:30:27 PM
I think that's just a rumor.. I never hear the government of India Will banned bitcoin.. they are not legalize bitcoin yet but the government never declare to prohibit Investment in bitcoin.. many rumors about bitcoin banned but we can't trust all the rumors..
sr. member
Activity: 546
Merit: 250
November 13, 2017, 11:27:18 PM
There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/


very unfortunate if the policy is true. I think if the India government keeps it going there will be many India who can live more independently. that's the positive side of bitcoin.
hero member
Activity: 1890
Merit: 831
November 13, 2017, 11:25:54 PM
There really aren't many issues that the Indian government are putting into the light regarding bitcoins also there is a major market of bitcoins in India.

Had bitcoins Being close to getting banned then...there won't have been other cryptocurrencies being launched here..

I don't think..there is any statment other than the ones that the economic department of country made back in 2014, but its 2017 now and ... There isn't anything in the news like that thats linked directly with the government.
sr. member
Activity: 560
Merit: 250
November 13, 2017, 11:24:44 PM
There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/


if the news is true, I dont care, I am not an India. I dont think it's very influential even though they'll ban it. china alone does not work, especially with india. I think the India government has taken the wrong step for a decent level of living in its community.
full member
Activity: 350
Merit: 100
November 13, 2017, 11:01:54 PM
There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/
So what? Theres a lot of country willing to use and legalized this so we dont need to worried about that bitcoin is strong crypto so i think some goverment banned this and they will regret someday because bitcoin will replace all.
full member
Activity: 634
Merit: 106
Europe Belongs To Christians
November 13, 2017, 10:55:02 PM
There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/

no one can ban bitcoin, max they can do is stopping us from buying bitcoin with rupees
member
Activity: 868
Merit: 10
November 13, 2017, 10:49:51 PM
There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/

Well that's not a ban, the same as the rules made by the central bank of my country, in my country also prohibit the use of Bitcoin as a means of payment to buy goods, because the purchase must use the State currency so if we have a coin must be in exchange first with the currency new paper can be used shopping. That's what I catch on seeing the article above. Sorry if I think wrong.
Moreover, India has many who use blockchain technology. I'm sure there will be no restrictions on India.
full member
Activity: 406
Merit: 100
homt.net
November 13, 2017, 10:06:25 PM
What news are you talking about? Sounds like pure speculation.
That seems to me. May be next, or next mission Bitcoin banned in India But it is not known whether to say that it will be perfectly correct. But one more thing, if there are bits of banning in different countries, then its existence will be lost.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
November 13, 2017, 09:56:39 PM
#99
The executive director of the RBI didn't say Bitcoin will be banned from the country, I think the article's author wanted to give some polemic aspect to the quote. What was said is that Bitcoin won't be used for any payments and settlements, probably by the Reserve Bank, but not necessarily by the common citizens that may want to use it for their transactions. Bitcoin is strong in India, people there can stop an hypothetical ban if they want.
hero member
Activity: 2590
Merit: 644
November 13, 2017, 09:51:31 PM
#98
I don't see any potential effect in bitcoin if India will ban bitcoin in 2018 because we can easily move on and have a continuous great performance even though china which is the biggest country in Asia that banned bitcoin but bitcoin is still kicking and now it is on a higher level even there are no chinese people that helping us. If they will ban bitcoin then let them do it because at the end of the day, they will regret it.
member
Activity: 167
Merit: 59
November 13, 2017, 09:11:38 PM
#97
This would be a huge shame for India, not just because it fundamentally goes against the main principles of Blockchain but would also impact many livelihoods of Indian families who rely on family members in participating in ICO bounties to generate ETH/ Tokens for their families survival. I hope that the Indian government will rethink their stance on Cryptocurrency as it could have a devastating effect on quality of life in a country I love dearly.
full member
Activity: 462
Merit: 100
November 13, 2017, 08:44:48 PM
#96
There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/

india ban bitcoin? are you kidding? bitcoin in india is very proud of it and india already use bitcoin as their payment tool, so what you spread is probably only fake info.
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