India to legalize bitcoin | Bitcointalksearch.org

flyingcat

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Quote from: warrior333 on September 01, 2017, 12:12:59 PM

We regularly hear such news, but I haven't seen the specific facts. I think many hear in the news only what they want to hear. The essence hides from them. Most likely we are talking about how to legitimately take taxes from bitcoin. It is a completely different meaning.

First, the government just want how to accept Bitcoin faster than other country because do that help them are leader about countries use cryptocurrency and Bitcoin. As Japan, they do not have any plans taxes fee for Bitcoin Grin

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JJriver

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This is certainly remarkable, but the share of bitcoins in India is very small, compared with other countries. But they are slowly joining this process, and this gives the currency growth, which can not but rejoice, and will also give the chance finally to feel the real value of the accumulated funds.

hawkins

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it would be a very good thing if India had begun to receive bitcoin. well, maybe it will make technology in india become more advanced. to my knowledge, looking for bitcoin should also have good technology, so if India has done that, it means soon enough, very many atm will receive bitcoin there. it can also be made as a place to invest.

warrior333

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We regularly hear such news, but I haven't seen the specific facts. I think many hear in the news only what they want to hear. The essence hides from them. Most likely we are talking about how to legitimately take taxes from bitcoin. It is a completely different meaning.

ahmia39

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This is a country's openness to potential that will and can be one source of income, even its citizens can make more financial transactions because they also transact bitcoin in addition to their currency. India ready to become one of countries in Asia to participate in creating bigger value.

omonuyak

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Indian government legalized bitcoin will be one of the greatest lift in the history of cryptocurrency. Bitcoin been a decentralized currency has outperform others money and Indian adopting it will help seriously In creating inflow of money into their country. This will also help people like us who are into cryptocurrency business as it will seriously create bubble in cryptocurrency markets. I will advise others Third World nations to follow in accepting bitcoin.

emem03

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This is a good news for India and to the other country. I think next countries will also legalize bitcoin soon like in India. Good news to all people who are invested in bitcoin because this is a good opportunity to everyone.

HasHe

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Quote from: topper26 on June 20, 2017, 06:29:48 PM

https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Woot woot!

Its really a great news for indian bitcoiners as well as bitcoin community.Earlier,a member of parliament spoke that bitcoin is a ponzi scheme and it should be banned.But government had not turned attention towards such allegations and finally they have decided to legalize bitcoins in india and it would take six more months for that law to be implemented.

erikalui

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Quote from: eXpl0sive on July 13, 2017, 11:27:32 PM

Report: Indian Government Considers Tax on Bitcoin Purchases

Quote

Local reports indicate that India may put in place a goods-and-services tax on bitcoin purchases.

http://www.coindesk.com/report-indian-government-considers-tax-bitcoin-purchases/

This is the only thing that's positive which means bitcoins and trading in them is legal and official which is simply great. The only thing that's scary is the tax as I know it would be ridiculously high so that people don't consider using it. They have already hiked other taxes like GST and now it's BTC's turn.

TravelMug

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Quote from: ASHLIUSZ on July 14, 2017, 12:43:22 AM

Quote from: killerfrost on July 13, 2017, 01:37:40 PM

Quote from: topper26 on June 20, 2017, 06:29:48 PM

https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Woot woot!

Not only India but even Australia has accepted Bitcoin as money on July 1 last. That is a good sign for other countries to follow. Therefore, India's legalization of Bitcoin is obvious. But compared with developed countries like Japan, Korea, Sweden, ... they have provided Bitcoin payment services such as airport, hotel, online shopping ...

India haven't created a clear stand in the legalizing of bitcoin into the country. Things will change as more and more countries enter the digital currency network. Right now Japan, Australia, China and South Korea had given a strong foundation to the growth of bitcoin in a legalized manner. Same counts as Russia and other few countries giant shoppers have started accepting bitcoin.

I also haven't seen the Indian government releasing a official note about how they are going about bitcoin. I hope they legalized or even put regulations and not totally ban it as what other country has done. Bitcoin will really help a lot of their citizens specially it has still demonetized its currency. We need to wait a little longer to see which direction they are going.

ASHLIUSZ

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Quote from: killerfrost on July 13, 2017, 01:37:40 PM

Quote from: topper26 on June 20, 2017, 06:29:48 PM

https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Woot woot!

Not only India but even Australia has accepted Bitcoin as money on July 1 last. That is a good sign for other countries to follow. Therefore, India's legalization of Bitcoin is obvious. But compared with developed countries like Japan, Korea, Sweden, ... they have provided Bitcoin payment services such as airport, hotel, online shopping ...

India haven't created a clear stand in the legalizing of bitcoin into the country. Things will change as more and more countries enter the digital currency network. Right now Japan, Australia, China and South Korea had given a strong foundation to the growth of bitcoin in a legalized manner. Same counts as Russia and other few countries giant shoppers have started accepting bitcoin.

ngin-x

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Quote from: eXpl0sive on July 13, 2017, 11:27:32 PM

Report: Indian Government Considers Tax on Bitcoin Purchases

Quote

Local reports indicate that India may put in place a goods-and-services tax on bitcoin purchases.

http://www.coindesk.com/report-indian-government-considers-tax-bitcoin-purchases/

You can always count on the idiotic government to ruin a good thing. Does the government know anything other than how to tax people? Tax on buying, tax on selling, tax on income. Tax my fart too.

The politicians see something good and first thing that comes to their mind is how can they tax it. Such short sighted ignorant assholes running the country. Fuck these dickheads.

eXpl0sive

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waiting to explode

Report: Indian Government Considers Tax on Bitcoin Purchases

Quote

Local reports indicate that India may put in place a goods-and-services tax on bitcoin purchases.

http://www.coindesk.com/report-indian-government-considers-tax-bitcoin-purchases/

killerfrost

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Quote from: cengsuwuei on June 20, 2017, 06:39:49 PM

i think is very good information if india country ready regulation bitcoin
but is not big impact to bitcoin price, if USA reagulated bitcoin, is very big impact to bitcoin price
because USA super power country, and big exchanger from USA, sample poloniex, bittrex and coinbase

Too good! If India legalize bitcoin means bitcoin is legally acknowledged. People in this country will accept bitcoin payments, so you do not have to worry about the passive consumption of bitcoin wherever you go. Any sale can also sell a bitcoin to spend or buy them if necessary.

aesma

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fly or die

"Regulation" isn't exactly something that sounds good to my ears. Especially in India where clearly the government wants to control things tightly.

I wouldn't celebrate yet.

Esphere.in

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So the chances are that bitcoin will be legal and it will be coming under RBI, there are different version that i am hearing from the news coming out.I would like to see some limited regulation rather than imposing something strict, i am still not sure when they will be giving out the final verdict. If they legalize then the price would rise without a doubt.

Bitcoinsummoner

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Quote from: killerfrost on July 13, 2017, 01:37:40 PM

Quote from: topper26 on June 20, 2017, 06:29:48 PM

https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Woot woot!

Not only India but even Australia has accepted Bitcoin as money on July 1 last. That is a good sign for other countries to follow. Therefore, India's legalization of Bitcoin is obvious. But compared with developed countries like Japan, Korea, Sweden, ... they have provided Bitcoin payment services such as airport, hotel, online shopping ...

We are seeing a good future with bitcoin and we are seeing many company are accepting bitcoin as payment..
Brazil paris australia and india and japan are proof that there are countries are accepting bitcoin and hoping here in my country will be added in the list..
And i think we are also growing bitcoin users here so if there are some store accepting bitcoin we can encourage friends and family to invest in bitcoin..

killerfrost

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Quote from: topper26 on June 20, 2017, 06:29:48 PM

https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Woot woot!

Not only India but even Australia has accepted Bitcoin as money on July 1 last. That is a good sign for other countries to follow. Therefore, India's legalization of Bitcoin is obvious. But compared with developed countries like Japan, Korea, Sweden, ... they have provided Bitcoin payment services such as airport, hotel, online shopping ...

sedrick

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Quote from: denis72 on July 09, 2017, 08:14:12 AM

Latest news in India is that they are going to ban usage of Bitcoin, due to no control and limited supply of Bitcoin. It will also increase black money in India which government trying slowly to cut down.

This is not true. As the latest news from finance ministry and RBI is inching close to legalise virtual btc which is good news. The decision will be announced by the end July.

However, if bitcoins are legalised in india. Bitcoins will fall under the preview of RBI, investors will be taxed, guidle lines will be issued by RBI regarding investing and purchase of bitcoins. Over the past few years the usage of btc is on the raise in india and trading platforms like Zepay, Consecure and Unicoin have been started. With these platforms stated there are investors.

ladydark

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Next to japan,now india is ready to legalize bitcoins.India having huge population would definitely help for bitcoin progress to a great extent.Bitcoin price would increase more.It is really an u-turn decision taken by the indian government since it was earlier discussing bto announce bitcoin as illegal.

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