India taking measures to control crypto - page 6.

whirlcoin

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Quote from: bigboss2 on February 07, 2018, 08:44:56 AM

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.

It is good to see that because few days back there wan an rumor created that bitcoin was banned in India and media also portrayed that in the same way but now it shows that India is not against cryotocurrencies so the world is moving towards the cryotocurrency system.

Shreek

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I think the crypto space will be narrow, so the spread will not be maximal because it is limited. and probably will be long.

but on the other side is also very good, because as a preventive measure. so it will minimize the use of crypto for criminals.

Don Pedro Dinero

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Quote from: akmittal on February 07, 2018, 11:30:33 AM

In the whole world all the Governments wants to control the Crpto currency. But peer to peer blockchain technology is a decentralized and transactions can not be traced so crypto currency can not be controlled.

You’re wrong, most crypto transactions can be traced. And Governments can control exchanges, if they do that they can control most of the market.

Quote from: St4yInTh3D4rk on February 26, 2018, 02:07:15 AM

Is he said like that,proof please. Grin

I agree. A link to the info please.

St4yInTh3D4rk

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Quote from: bigboss2 on February 07, 2018, 08:44:56 AM

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 he said like that,proof please. Grin

If it is true then it is good for the crypto currencies because India is a big populated country so other countries will follow their rules so the crypto currency will spread more over will result in price increase for all the currencies.

LtMotioN

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It all depends on what kind of regulation gets passed. It could either be a good or a bad thing.
Regulation such as needing to register with an international authority body if you want to launch an ICO would be fantastic. Some KYC is okay as well. It keeps governments at ease and reduces the risk of an outright ban.

If they however want to try ban it, they will fail. I think a lot of governments are starting to realise that bitcoin cannot be stopped. If you ban it then you lose all visibility on what people are doing with it. The best approach for any government is to implement some KYC so that they can at least hitch a ride on the bandwagon for their tax.

A short time back they said it is "not legal tender", well neither is gold. People often times overreact on the news. Do realise that bitcoin cannot be stopped.
This is the people giving the finger back to banks and governments. It is impossible for them to stop us using it. If they outright ban it they lose all visibility on it and cant rake in any taxes for it. Bitcoin has all the banks by the balls.

ChungCrews

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I think goverment control is need for cryptocurrency

Truc_Linh

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It's a bad news
But i don't think any country can control BTC or cryptocurrency

sasinghal

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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.

akmittal

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In the whole world all the Governments wants to control the Crpto currency. But peer to peer blockchain technology is a decentralized and transactions can not be traced so crypto currency can not be controlled.

bigboss2

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https://bwex.co/

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.

Topic: India taking measures to control crypto - page 6. (Read 660 times)