Topic: Indian Govt. Lifts ban on Cryptocurrency (Read 443 times)
The confidence of our blockchain traders went one step further as the Indian government supported cryptocurrency. The more it spreads globally, the easier it will be for crypto marketing and the more manpower will be created for investment.
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Last week, India took another step towards legalizing bitcoin. India's two largest banks: Yes Bank and ICICI Bank have started allowing customers to use Bank accounts on cryptocurrency trading platforms. https://www.buyucoin.com/crypto-labs/indian-banks-rush-join-bitcoin-party/ - "Cryptocurrency users in India will be able to visit physical bank branches for crypto banking services and learn about cryptocurrency investments".
There is no big news about at this moment for the Indians crypto user than this. Inda is developing to try to be one of the most modern country mainly in Asia. And this will help to atleast a little bit a step forward. If the rest of the countries that did not legalize crypto yet follow India and try to legal it the crypto market will be influenced in a huge dimension IMO.
Great news for the crypto community in India. It looks like the government has rethought it because they have quite a bit of society joining cryptocurrency. Even though many had shunned India projects in the past, there are now excellent and growing Indian projects.
News like this will always be awaited by the crypto community in other countries that still have cryptocurreny prohibition regulations.
News like this will always be awaited by the crypto community in other countries that still have cryptocurreny prohibition regulations.
Last week, India took another step towards legalizing bitcoin. India's two largest banks: Yes Bank and ICICI Bank have started allowing customers to use Bank accounts on cryptocurrency trading platforms. https://www.buyucoin.com/crypto-labs/indian-banks-rush-join-bitcoin-party/ - "Cryptocurrency users in India will be able to visit physical bank branches for crypto banking services and learn about cryptocurrency investments".
Interesting
I guess the banks there directly offer the crypto services, or they collaborate with crypto trading exchanges/platforms to offer the services?
Well, the policy makers probably decided its better to allow the crypto traders in the country/local banks than lose them to those outside of the country and far from the reach of the authority
Several months ago I heard that there was a discussion regarding the issue of the Indian government prohibiting the use of Cryptocurrency in their country, and now they are giving a statement to legalize Cryptocurrency, of course it does not look consistent with their stance or statement in a country and it is very confusing , if indeed their government has legalized Cryptocurrency then that's good news for everyone, and this could be a motivation for other countries to follow India's footsteps to accept Cryptocurrency as a digital currency in that country ...
This is very good news and I hope that with this kind of permit, projects from India in the past can revive and can continue to develop their projects so that they can compete in the market and new projects will be born.
Honestly, I have never seen a project from India that develops well, so it is very unlikely for a dead India project to rise again, because resurrecting a dead project is a very difficult job and even more difficult than building a new project.
This is very good news and I hope that with this kind of permit, projects from India in the past can revive and can continue to develop their projects so that they can compete in the market and new projects will be born.
Last week, India took another step towards legalizing bitcoin. India's two largest banks: Yes Bank and ICICI Bank have started allowing customers to use Bank accounts on cryptocurrency trading platforms. https://www.buyucoin.com/crypto-labs/indian-banks-rush-join-bitcoin-party/ - "Cryptocurrency users in India will be able to visit physical bank branches for crypto banking services and learn about cryptocurrency investments".
First they ignore you, then they laugh at you, then they fight you, then you win.
Waah! This is becoming very good and I'm sure India doesn't want to miss this great opportunity either. Despite some of their strict rules, I believe this is a big step for the Indian government as well as the crypto community, and will definitely give people's confidence in investing in crypto
Last week, India took another step towards legalizing bitcoin. India's two largest banks: Yes Bank and ICICI Bank have started allowing customers to use Bank accounts on cryptocurrency trading platforms. https://www.buyucoin.com/crypto-labs/indian-banks-rush-join-bitcoin-party/ - "Cryptocurrency users in India will be able to visit physical bank branches for crypto banking services and learn about cryptocurrency investments".
Indian Govt. Lifts ban on Cryptocurrency
On April 6 2018, the RBI had asked banks not to transacts with crypto exchanges.
But, now after almost two years since it first decided to hear the case, Supreme Court of India left ban on Cryptocurrency and its trading, A historic day for the Indian crypto communities. Indians can now innovate the entire country. The whole country can take part in the Blockchain revolution.
Finally Indian's banks could now go back to dealing with cryptocurrency Buying, Selling, exchanges, tradings and transactions.
Very good and encouraging news to hear in the crypto sphere. I want to believe this will increase crypto adoption and also signals to other nations still warring against crypto. What I used to say is that, it is just a matter of time, those criticising crypto now will still accept it and they might have themselves to be blamed for being a late adopter.
It is a good day for them.
I don't really have much of the details into why they lift the ban.
I want to know but with just a little statement though. I don't want long reads which almost looked like a book.
Computer engineers. If we go through how much people there who want to be one then it will be difficult to count them.
The idea of just lifting the ban of bitcoin will mean something else to them. Chances, opportunities and more jobs to be offered which they all need.
I don't really have much of the details into why they lift the ban.
I want to know but with just a little statement though. I don't want long reads which almost looked like a book.
Computer engineers. If we go through how much people there who want to be one then it will be difficult to count them.
The idea of just lifting the ban of bitcoin will mean something else to them. Chances, opportunities and more jobs to be offered which they all need.
I think this is good news little by little as some countries have begun to implement cryptocurrency.
where India initially banned bitcoin and alt expressly.
now enforces and everyone can transact without having to hide in secret.
hopefully this will have an effect on countries that still prohibit crypto.
where India initially banned bitcoin and alt expressly.
now enforces and everyone can transact without having to hide in secret.
hopefully this will have an effect on countries that still prohibit crypto.
Indian Govt. Lifts ban on Cryptocurrency
On April 6 2018, the RBI had asked banks not to transacts with crypto exchanges.
But, now after almost two years since it first decided to hear the case, Supreme Court of India left ban on Cryptocurrency and its trading, A historic day for the Indian crypto communities. Indians can now innovate the entire country. The whole country can take part in the Blockchain revolution.
Finally Indian's banks could now go back to dealing with cryptocurrency Buying, Selling, exchanges, tradings and transactions.
This is a good news and I wish many other countries who placed a ban on cryptocurrencies can take time to study them, understand them and lift the ban. Cryptocurrencies has come a long way and it can only keep going forward, so banning it won't help anyone but allowing it will only open more opportunities for the entire country. With what blockchain and therefore cryptocurrencies offers, it's time for more use and acceptance which will lead to mass adoption. This is a wonderful news for the people of India as they now have the opportunity to explore all that cryptocurrencies has in stock.
Indian Govt. Lifts ban on Cryptocurrency
On April 6 2018, the RBI had asked banks not to transacts with crypto exchanges.
But, now after almost two years since it first decided to hear the case, Supreme Court of India left ban on Cryptocurrency and its trading, A historic day for the Indian crypto communities. Indians can now innovate the entire country. The whole country can take part in the Blockchain revolution.
Finally Indian's banks could now go back to dealing with cryptocurrency Buying, Selling, exchanges, tradings and transactions.
Upon checking also the market, it is starting to move upward so the contribution from the investors in India are also helping to push the market. If this will continue, we can surely see the bull this year and we will not be worried that after the halving the market will crash.
Good news for the crypto community based in India. After two years of ban from the Reserve bank of India, things will change surely in the subconscious. I don't think this news will affect the market straight away but, it is a good sign for the community.
Obviously, It was the great news in crypto platform, Because they have largest population in India so 10% of people will concentrate the Bitcoin and altcoin it will move rapidly growing. The current dump was unexpectedly happen in the market so keep holding and concentrate some other better investment is a perfect choice.Yes, India's population is very huge which here is a huge chance for the Indians to start investing again into the cryptocurrency. Due to intrinsic Ban from their government, many people start leaving the cryptocurrency. With the latest news, again, it is giving opportunity for the people India to invest again into the cryptocurrency.
India is improved! Most of Asia countries do not allow to exchange cryptocrruncies.
Well looks like this news is not hoax anymore and its all over the news since yesterday we can expect another huge volume entering into cryptomarkets in the coming days India has a lot of potential crypto users.
Good news for the crypto community based in India. After two years of ban from the Reserve bank of India, things will change surely in the subconscious. I don't think this news will affect the market straight away but, it is a good sign for the community.
Probably this a great sign for the community especially for those people in India. They can totally join and access the technology of the future. We admit that many smart people came to India and now this could give them hope to implement and know much about Bitcoin. This is definently a historical event for crypto world and everybody can now participate for blockchain revolution. 
Good news for the crypto community based in India. After two years of ban from the Reserve bank of India, things will change surely in the subconscious. I don't think this news will affect the market straight away but, it is a good sign for the community.
Obviously, It was the great news in crypto platform, Because they have largest population in India so 10% of people will concentrate the Bitcoin and altcoin it will move rapidly growing. The current dump was unexpectedly happen in the market so keep holding and concentrate some other better investment is a perfect choice.The current dump was caused by the urgent of covid virus.
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