Topic: India taking measures to control crypto - page 4. (Read 666 times)
I already predicted this will happen, central government already told this. But the main clash I think in between central bank and ministry of finance.
But I got a update news - As per the budget plan for 2018 , Indian finance Minister doubled down on refusing to recognize cryptocurrencies like bitcoin as legal tender amid talk of a wider crackdown on their usage.
In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.
By itself, the control of the crypto currency is a normal phenomenon, and gradually all states follow it. However, control is also different. There is control on the verge of prohibition, and sometimes it is loyal, as in Japan. The Government of India has so far urged its citizens to be cautious about the crypto currency and remember the existence of large risks, but did not intend to limit or prohibit.Is it good or bad? Comments.
In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.
Is it good or bad? Comments.
I can not comment much about India
there is no link you include. so I have no evidence base on what you say. but in my view, however, India will not have a major influence in the crypto industry after India forbade it.
Digital currency is mentioned in the national budget, which is a step in the right direction!
Every country except Japan does not recognize that digital money is legal, but that does not mean that encryption is illegal.
Every country except Japan does not recognize that digital money is legal, but that does not mean that encryption is illegal.
getting banned is different from being regulated, any government that are open to cryptos has a positive impact on crypto, if this news is true, this will create more room for the development of cryptocurrencies to be legally and widely accepted by such government. this means that the gap between crypto and government laws are open to a more productive and safe in terms of trading and commerce are concern.
The introduction of regulations is not necessarily a bad thing. This will be a bad thing when these governments over-regulate technology.
The news is better than the ban. The regulation of cryptocurrency is a good idea because it can build a good relationship between people who invest in currencies and governments.
The news is better than the ban. The regulation of cryptocurrency is a good idea because it can build a good relationship between people who invest in currencies and governments.
In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.
By itself, the control of the crypto currency is a normal phenomenon, and gradually all states follow it. However, control is also different. There is control on the verge of prohibition, and sometimes it is loyal, as in Japan. The Government of India has so far urged its citizens to be cautious about the crypto currency and remember the existence of large risks, but did not intend to limit or prohibit. Is it good or bad? Comments.
Its really good news that Bitcoin is not getting BAN. Instead I hope the government will impose some law for trading and implementing Bitcoin in various sector.
Its really good news that Bitcoin is not getting BAN. Instead I hope the government will impose some law for trading and implementing Bitcoin in various sector.
India was not against Bitcoin before. I wonder what happen to the people that work there, where they complaining about Bitcoin?
The central government earlier had clarified that neither the Indian government nor the Reserve Bank of India has authorised any virtual currency as a medium of exchange.
Previously there was news of complete bans so regulations are better than bans.
China has banned crypto completely according to many news articles. If China was also regulating crypto then it would have been much better.
China has banned crypto completely according to many news articles. If China was also regulating crypto then it would have been much better.
Yes it will be good that is is now not getting ban, its just going under control. Because every country's ban definitely effect the price of the bitcoin.
It would result for a positive thing on the system of bitcoin becaseu taking a time to somehow regulates Bitcoin to be used in transaction is actually a part of support on the part of system if Bitcoin. We should all make a big part on this forum or on the system of bitcoin that could have a support on both the system of Bitcoin and on our investment. 
Its really good news that Bitcoin is not getting BAN. Instead I hope the government will impose some law for trading and implementing Bitcoin in various sector.
dont worry,
cryptos cant practically without damage be banned, just insulted
It depends on what kind of measure they are taking.If it's to restrict the citizen to use crypto,then it is a bad news.If it's to regulate the companies in their country who uses bitcoin or other crypto as payment,then it's good.I hope they are not talking about how bitcoin has a negative effect and will affect their country.
In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.
Is it good or bad? Comments.
the indian banking cartel might quite quickly collapse under the penetrating pressure of cryptoeconomics.
Cryptoeconomics is not an Army that invades, its how i define it in Information packed potential Social Fabric
Cryptocurrencies were created in the first place to not be controlled by governments. It is not a good news to hear about it
If actions are taken for the common good and mutual benefit of course it does not matter. But if the action is taken a lot of harm to users of course it will make many people disappointed.
This information is not true and it was spread by the "out of news" media, news channels in India show this kind of half-true stuff regularly and you shouldn't blindly believe it. You should've done a little bit more of reasearch. The finance minister of India said that bitcoin, along with other cryotos is not a legal tender and they would most probably be imposing taxes.
Let's not forget that India is a third world country! Adopting restrictive laws, it can not remove all the holes in its law! Moreover, it is very difficult to control and limit what can not be controlled!)))) India takes at least some steps in this direction, like all countries! Therefore, the whole industry is trying to move to other more loyal countries!
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