A very sound and great choice by the Indian government, THey said they didn't even think about banning cryptos at all but they wanted to regulate so that they would know the source of the funds being used in cryptos.
yeah i hope they will follow the Philippine path its legalize here we just need to comply to be able to exchange bitcoin to our local money im glad they think first before banning out. i hope they make it legal as fast as possible. 
Topic: Instead of a ban, India may turn cryptocurrencies into a commodity - page 2. (Read 361 times)
July 12, 2018, 05:52:31 AM
July 12, 2018, 04:45:51 AM
Hey, that's a great update!! hopefully, they can create something like that as it would help bitcoin with trust.
I'm sure GST is coming to Bitcoin. I'm worried about the tax slab. July 11, 2018, 03:15:06 PM
Hey, that's a great update!! hopefully, they can create something like that as it would help bitcoin with trust.
July 11, 2018, 02:44:42 PM
After months of uncertainty, there are indications that India may not, after all, opt for a blanket ban on virtual currencies. A finance ministry panel set up to study them may even suggest that they be treated as commodities.
https://qz.com/1324595/instead-of-a-ban-india-may-turn-cryptocurrencies-into-a-commodity/
https://qz.com/1324595/instead-of-a-ban-india-may-turn-cryptocurrencies-into-a-commodity/
This is really a good and positive approach by the Indian Government that they are planning to ban the cryptocurrencies and instead they are planning to regulate it. I was expecting this results from past few months and at last, it was out recently a few days back. Yes, Cryptocurrencies using as a commodity will be good for both users and government, but i fear what kind of tax slab rate are they gonna introduce over here and can make it legal would still earn us good amount of money after cutting out the taxes and charges, this question is going to be a bigger one.
July 11, 2018, 02:33:41 PM
Some recent news said SBI is going to acquire 30% of BCH hashrate so there's no way they could ban all cryptocurrecies
That is SBI Group of Japan. Not the Indian bank. 
July 11, 2018, 02:25:09 PM
A very sound and great choice by the Indian government, THey said they didn't even think about banning cryptos at all but they wanted to regulate so that they would know the source of the funds being used in cryptos.
It is speculation about the Indian government’s intentions, nothing more and nothing less. What we do know is that the Reserve Bank’s move to cut banking links for Bitcoin exchanges has effectively stunted Bitcoin in India. It will take some time before the government actually manages to reverse this.
July 11, 2018, 02:24:44 PM
There's no way they could ban Cryptos. Its just nonsense, they are just FUDing.
Being India one of the biggest stars in cryptoworld they will ban it? And be left behind compared to China , Phillipines or other countries that are actually legalizing it?
Some recent news said SBI is going to acquire 30% of BCH hashrate so there's no way they could ban all cryptocurrecies
Being India one of the biggest stars in cryptoworld they will ban it? And be left behind compared to China , Phillipines or other countries that are actually legalizing it?
Some recent news said SBI is going to acquire 30% of BCH hashrate so there's no way they could ban all cryptocurrecies
July 11, 2018, 02:17:42 PM
A very sound and great choice by the Indian government, THey said they didn't even think about banning cryptos at all but they wanted to regulate so that they would know the source of the funds being used in cryptos.
July 11, 2018, 01:46:55 PM
After months of uncertainty, there are indications that India may not, after all, opt for a blanket ban on virtual currencies. A finance ministry panel set up to study them may even suggest that they be treated as commodities.
https://qz.com/1324595/instead-of-a-ban-india-may-turn-cryptocurrencies-into-a-commodity/
https://qz.com/1324595/instead-of-a-ban-india-may-turn-cryptocurrencies-into-a-commodity/
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