Topic: India May Legalize Cryptos But Under ‘Strong’ Rules: Report (Read 796 times)
It's okay for them to bring up some regulatory frame works on how Cryptocurrncies can operate in their country, should the committee saddled with responsibility comes up with a strict payment structure, I will have reason to disagree with the Indian government legality to helping her citizens go about the current and future financial revolution. Let them legalize bitcoin first before working out regulatory modalities, it shouldn't be too strict except they hate the people been governed. Although we live in a free world, but the society we find ourselves are not free.
In the end, countries that prohibit crypto currency, will give way. Even with strict rules. Because, it is part of technological progress. And they, certainly don't want to miss
I think this is good news.
I mean, that's good, right? Is that what we want? We are wanting cryptocurrency has rules and regulations. And so that we have a regrouper in the crypto world (in India crypto world).
But this is only one side of the issue.
The main question is how tough we will be?
If I can't buy drugs for BTC, that is good.
But if I can not fully use the BTC is already bad.
I mean, that's good, right? Is that what we want? We are wanting cryptocurrency has rules and regulations. And so that we have a regrouper in the crypto world (in India crypto world).
But this is only one side of the issue.
The main question is how tough we will be?
If I can't buy drugs for BTC, that is good.
But if I can not fully use the BTC is already bad.
if you have the rules it's the same meaning that you can't escape what you want.
as the development of our times must be ready to accept the latest technology even without rules.
as the development of our times must be ready to accept the latest technology even without rules.
I think that legalization with strict rules is better than a ban. If in India legalize cryptocurrency, then other countries will follow the example of India and lechalize cryptocurrency.
Yeah in a sense it's better to see it regulated instead of a total ban.
It will be good if India will join the list of the countries that legalized crypto currencies but to be honest I dont see that happening because there's alot of misconception happening between the Indian government concern the issue of crypto legalization. However, India is a country which somehow like China and they like the act of force control of people.
As far as I know India is a democratic country so I don't know how you get the idea of them similar to China like forcing people to do what the government wants. They even have a hearing last year about how to regulate as well so it's very different atmosphere.
How will India regulate the anonymous bitcoin exchanges?
https://www.bestbitcoinbuyers.com/best-bitcoin-exchanges-by-country/buy-bitcoin-in-india/
You can't. Decentralized exchanges are only going to increase over time.
As adoption increases, governments will get in line or start begging people to value their paper currency again.
https://www.bestbitcoinbuyers.com/best-bitcoin-exchanges-by-country/buy-bitcoin-in-india/
You can't. Decentralized exchanges are only going to increase over time.
As adoption increases, governments will get in line or start begging people to value their paper currency again.
I think that legalization with strict rules is better than a ban. If in India legalize cryptocurrency, then other countries will follow the example of India and lechalize cryptocurrency.
At least, a country will totally legalize one of cryptocurrencies, especially BTC, and it won't take som much time. However, this legislation may not be by applied or accepted by bitcoin investors or supporters, if it harms to the concept or main aims of bitcoin. For example, this legislation means nothing, if it is implemented by ignoring decentralization or anonymity.
The most important thing his for the government to legalize it. I am sure the citizens are ready to abide by any legal rule from the government as long as the rule does not demand them depositing the bitcoins in a central bank.
so? does BTC care? BTC is P2P and bitcoiners don't need approval from anybody or any government, and there are no laws there 
This is the right way to be done also. Regulation and policies to avoid major troubles.
So far, any progress on this?
This is a good news! Bitcoin should also have regulations to be used well. 
I stopped believing these 'anonymous press releases', some months ago there was news that some anonymous minister said about banning cryptos completely.
Let's see which 'anonymous' wins lmao
Let's see which 'anonymous' wins lmao
you should not believe in anonymous reports, few months ago they said about completely banning bitcoin now they say about legalizing it. wait for confirmed news.
Every nation or country have right to impose laws of any goods or currency they want to regulate or adopt as legal permetted by the government how to run control to protect of their communities users.
So the governments can enforce laws to prevent ownership of digital assets? That's a new one to most people. Especially those aware that the government corruption has held the rupee back 20 years from storing value in any way, making it more difficult to control the people who never valued the currency in the first place.
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It will be good if India will join the list of the countries that legalized crypto currencies but to be honest I dont see that happening because there's alot of misconception happening between the Indian government concern the issue of crypto legalization. However, India is a country which somehow like China and they like the act of force control of people.
Every nation or country have right to impose laws of any goods or currency they want to regulate or adopt as legal permetted by the government how to run control to protect of their communities users.
This is all FUD news as their is no information about India Legalizing cryptos in any news agency. This is created by the OP , why dont know. Still the case is pending between RBI vs Crypto exchange in India until the result is not given nothing can be said.
I think this could really help cryptocurrency community grow. But that will only happen if there are good rules and regulations that will be still in favor of both parties. And I hope they don't put a huge amount of tax on bitcoin and also transaction fees.
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