Topic: India may ban bitcoin in 2018 - page 3. (Read 1717 times)
Even I read the same news somewhere in the net. Don't remember exactly where I read it. Even I think, government will ban its use because the government will consider it as a threat to the country. As you all know that our government is trying their level best to prevent the terrorist activity in our country, definitely they will ban bitcoins as a part of that plan because it can be used for illegal funding. Anyway lets see what's going to happen next year?
Just read the news from your link. The writer himself is confused about what he is writing. He have written a article with title "India’s central bank is shutting the door on bitcoin and other crypto-currencies" on base of the statement of S Ganesh Kumar, executive director of the RBI. The statement is following
“Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies will not end,”
The statement clearly means that RBI will not legalize bitcoin as a currency,now. But how could someone come to an conclusion from the statement that " bitcoin will be ban" ??
“Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies will not end,”
The statement clearly means that RBI will not legalize bitcoin as a currency,now. But how could someone come to an conclusion from the statement that " bitcoin will be ban" ??
Being in India People hardly know what Bitcoin is. All they know is making money using Bitcoin. Buy and Sell. No one bothers to understand how the technology works.
I don't think India will ban Bitcoin. But they might put some laws on trading and exchangers. Also include GST, VAT and all the shit into it like how they do for all commodities right now
I don't think India will ban Bitcoin. But they might put some laws on trading and exchangers. Also include GST, VAT and all the shit into it like how they do for all commodities right now
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 I thinks it is just a speculation !!! Even if the government tries to ban it. They won't be able to hold it for long. India having such a dominance in Global finance banning cryptos can hamper the growth technology in India. Soo I think no country can resist the change in way the economy works in the future. Always Change is inevitable, that's how everything works. News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/
I think it's fake news.Bitcoin has been legal in India.So Bitcoin will not be banned so easily.And if you are banned then sorry news for India.India's influence may fall on Bitcoin.Then Bitcoin prices may fall in
I'm kind of grateful that I live in the country that I live in, where cyber police is almost non-existent where the government hasn't even once mentioned bitcoin other than when that virus thing was going on.
I don't think that India banned bitcoin in 2018. Because
India may have a large population and in India has lots of investors. So they would not ban bitcoin.
India may have a large population and in India has lots of investors. So they would not ban bitcoin.
I hope that won't happen, india is a big country can help the bitcoin community to grow.
A read news that india adds many BTC user per month: https://cointelegraph.com/news/india-goes-bitcoin-zebpay-will-add-500k-users-monthly-by-2018
A read news that india adds many BTC user per month: https://cointelegraph.com/news/india-goes-bitcoin-zebpay-will-add-500k-users-monthly-by-2018
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/
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/
The link you paste after reading it was just more of speculations. The source is unknown and no confirmation as to the authenticity of its source. It cannot be banned by India because I know that there are many Indians who are into investing bitcoins. Even if it will be banned by India I still believe that bitcoin will still be valued by investors and people like me.
haha, no problem. the development of Bitcoin does not depend on any countries. Therefore, If India ban Bitcoin, their investors will be lost profit.
We already saw how things worked out with China, so I don’t think it is going to be a major huddle for Bitcoin. It can really push it far if these things work out, but from previous experience, I don’t think it really makes huge difference. But you never know anything.
Very likely considering the big population, which increase complexity to regulate cryptocurrency when too much of their people was involved in, scam/money laundering stuff would eventually happen and that's not good for their government to control with. Big countries had already make their move, China and USA are not welcoming Bitcoin to hit their traditional economies so do India. Reserved banks had so much power and there nothing you can do if the decision is made, but still banning cryptocurrency is hardly possible, few VPNs and private trading and you'll be fine, how bout mining i not sure though.
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.
Seems like there is no any link. WE really got tired of those speculations. One is finishing and another is starting. After China I hope we are not starting with India.
If that happens it is a sad news for their people, the country that goes against the background of global economic development.
Great that would mean less scams by these shit monkeys.
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/
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/
The Indian government was adviced to stop the operation for the entire crytocurrency trading in India. Hesham Rehman, CEO and co-founder of Bitxoxo said that instead of shutting down the cryptocurrency dealers, the government should take actions in holding back buying and selling of bitcoin in cash. The government also considered the possibility of making their own currency named "Lakshmi" to be introduce someday. Which means that their be no bitcoin ban in India yet.
I guess that's not true. maybe you just heard fake news. I've heard that India once made bitcoin legal in that country. but I do not know. I think it would be a big loss if a country makes bitcoin illegal, because it could make the income of its people less. and an increasing number of poverty.
I agree its not true its a rumor only, in my opinion its impossible to happen that India ban bitcoin on their country. Because people they depend on bitcoin because there are many problems faces in their country the biggest problem is the poverty, so how could it do this in their country that the India government ban bitcoin. There are large numbers of people invest in bitcoin. So they would not ban bitcoin, they sake for the good of their country and for the people.
India well developing country,and number of people using the bitcoin for their transactions.indian banks transaction fees very higher than bitcoin.india will change the opinion,it will never happen.indian government can not take this type of decision.
Such news can only be expected from under developed countries like India. Previously countries like Bangladesh imposed a ban on Bitcoin and it clearly shows that these under devolved countries want to remain poor and want no improvement in the future. If countries like Japan, Australia and more have legalized Bitcoin it clearly states that these developed countries noticed the potential of Bitcoin. Just an advice to countries like India remove your blindfold and see the power of crypto currencies.
We can not say exactly,according to my view it is impossible,indians are encouraging the digital transactions,and india is developing country most of the people are using the bitcoin.now it is legal and number of users like the bitcoin.we will see what will happen in 2018.
Jump to: