Topic: Is india going to uplift the ban on cryptocurrencies? (Read 606 times)
Thanks for sharing information from you. Through other channels I learned that India is not strictly forbidden for anything related to electronic money or the Cryptocurrency market. But the laws of their country place certain constraints on those who conduct transactions in the Cryptocurrency market, which manages the government's electronic money. People should not worry about the Indian news banned Bitcoin.
The government can issue a ban. But will the people agree that the benefits of Bitcoin for them are so obvious? I think Indian people understand the special information about Bitcoin because India has a very developed information technology. Prohibition is a matter for the government. But how people accept it is another matter. Banning Bitcoin is not an easy matter.
I assume once the world begins using crypto more and more the 1 billion people of India will hopefully ignore the government and start using it. Amazing 1 billion people will let a few in power tell them what to do.
Increased chances were available, but we don't know what will be the stand of the government. On one side among the Asian countries it is the one that has got each and every agenda related to digitization, but when it comes to bitcoin they act in the opposite manner. If the respective government find the true need of bitcoin surely they'll help in the uplifting.
I think they may not have figured out the nature of bitcoin yet and have no backup plans. For fear of evil can happen to the corrupt. And when they plan to confront the market, then I believe they are opening the door. Give financial markets electronic money into their country. That is the future project I believe so. 
Recently, bloomberg and some other cryptocurrency media channel published a news that they have information from the sources in indian govt. that government is planning to apply 18% GST on bitcoin purchasing.
it means people are still buying and trading on cryptocurrencies in india and it is in knowledge of indian govt.
so the govt. is now wants earn from the bitcoin buy sell,
another point of concern is that if the govt. apply the GST on bitcoin buying then to the indian people it would be paying double tax while trading, once when they are buying and later when selling as incometax,
so what do you think, being hard on cryptocurrency trading, now govt. looking for taxation on buying of cryptocurrencies, is it possible in coming time gov. may lift the ban on cryptocurrencies in india?
it means people are still buying and trading on cryptocurrencies in india and it is in knowledge of indian govt.
so the govt. is now wants earn from the bitcoin buy sell,
another point of concern is that if the govt. apply the GST on bitcoin buying then to the indian people it would be paying double tax while trading, once when they are buying and later when selling as incometax,
so what do you think, being hard on cryptocurrency trading, now govt. looking for taxation on buying of cryptocurrencies, is it possible in coming time gov. may lift the ban on cryptocurrencies in india?
Will in this information that we heard thats there is a big possibility thats indian government will uplift the band period of cryptocurrency on there country,because they thinks now,thats doing crypto is good for the people of india,and its great oppurtunity thats indian people would doing great investment and paying tax through digital currency investment,and this application of GST of the government,to the people of india is there way to proposed a proper income tax.
Increased chances were available, but we don't know what will be the stand of the government. On one side among the Asian countries it is the one that has got each and every agenda related to digitization, but when it comes to bitcoin they act in the opposite manner. If the respective government find the true need of bitcoin surely they'll help in the uplifting.
On April 5, the Central Bank of India (RBI) issued a moratorium on electronic money. The RBI requires domestic banks to stop dealing with electronic money transactions, as well as ban banks from providing services to domestic electronic money businesses.
I read that the Supreme Court of India has again upheld the ban on operations with crypto-currencies due to the lack of substantive arguments from the participants in the process and postponed the meeting on September 11. And by September the Supreme Court of India will issue a set of bills regulating the crypto-currency industry. Future rates will not include a direct ban on crypto-currencies
India should learn from other countries to facilitate the country’s people to let them enjoy the crypto currency market just like people enjoy in other tax free countries. Besides this there are many crypto currencies introducing in India which have created traffic and stress in the country that is why India is in action but their actions are indicating that they are not learning from other countries which are running properly with the crypto currencies. 
I read that the Supreme Court of India has again upheld the ban on operations with crypto-currencies due to the lack of substantive arguments from the participants in the process and postponed the meeting on September 11. And by September the Supreme Court of India will issue a set of bills regulating the crypto-currency industry. Future rates will not include a direct ban on crypto-currencies
This is quite a tremendous success from India that they are making good moves in here. Actually they are trying to make good impact on world that this country is in competition too. They are playing between the lines so next step form their side would be formation of strong belt in crypto traders. They will occupy market with most of investment from their country ND nation. 
I read that the Supreme Court of India has again upheld the ban on operations with crypto-currencies due to the lack of substantive arguments from the participants in the process and postponed the meeting on September 11. And by September the Supreme Court of India will issue a set of bills regulating the crypto-currency industry. Future rates will not include a direct ban on crypto-currencies
although India has a strong economy its economy is heavily reliant on agriculture with the world superpowers which means that for the sake of its diplomatic relations with united states and the Republic of China it has to support their stance on the ban on cryptocurrencies and bitcoin
but the Reserve Bank of India has issued a press release on Thursday that has directives to attract support for the virtual currency business. The news sent madness across India's cryptocurrency community and everyone can only talk about how India's central bank has banned cryptocurrency. The large FUD wave following in the market pushed up the price of cryptocurrency in India significantly. But, does RBI actually prohibit cryptocurrenci
in fact the Reserve Bank of India stopped doing business dealing with cryptocurrensy, but they plan to develop their own cryto as a potential solution in the future. the Indian government began to follow developed countries such as Japan, America, Denmark, South Korea, Finland. entering the digital era that requires transactions between countries is very fast the Indian side should see the potential of cripto currency is very promising, RSI certainly will not miss that opportunity.
Its a good thing that people are reconsidering the ban its more reasonable if they studied the blockchain first before banning the technology because they are ignoring the positive sides of it and where can be used in the country will it be much better than other industry so for us to move a step to another level evaluating something new is a good move.
For now ,the ban on cryptocurrencies in india is still in force.Maybe as adoption grows globally, the pressure will be on the government to repeal or lift the ban.It will happen
Not only India but so many other countries will do that. In fact bitcoin is going to spread throughout the world and now the governments are understanding and realizing the importance of bitcoin, therefore i can see that not only India but so many other countries including China is going to review their decision and make bitcoin a legal currency.
Governments years ago already realized what Bitcoin was capable of, they just didn't believe it would actually be adopted by the average person as is the case right now. It's their fault entirely.It leaves them no other choice but to make sure they ride it out as it comes. If they really wanted to put a stop to it they should have attempted it years ago, and even then it might not have worked as they planned.
It's probably safe to say that the majority of the people have heard of Bitcoin by now already. They may not know what it is other than a volatile beast, but its name is hard coded in their brain by now.
All the bull runs are great for Bitcoin's brand awareness.
I see a slight chance in acceptance, after a wide adoption of BTC or any crypto in general. The sad thing is that we will lose all the benefits of early adopters, many people from India have started seriously working on crypto for years, they took heavy losses also..with time everyone will recover.. but what is lost is lost.
Not only India but so many other countries will do that. In fact bitcoin is going to spread throughout the world and now the governments are understanding and realizing the importance of bitcoin, therefore i can see that not only India but so many other countries including China is going to review their decision and make bitcoin a legal currency.
Let's see how far this goes. It is quite possible for the government to uplift the ban since some countries like South Korea have also reversed their ban.
I see a slight chance in acceptance, after a wide adoption of BTC or any crypto in general. The sad thing is that we will lose all the benefits of early adopters, many people from India have started seriously working on crypto for years, they took heavy losses also..with time everyone will recover.. but what is lost is lost.
Recently, bloomberg and some other cryptocurrency media channel published a news that they have information from the sources in indian govt. that government is planning to apply 18% GST on bitcoin purchasing.
it means people are still buying and trading on cryptocurrencies in india and it is in knowledge of indian govt.
so the govt. is now wants earn from the bitcoin buy sell,
another point of concern is that if the govt. apply the GST on bitcoin buying then to the indian people it would be paying double tax while trading, once when they are buying and later when selling as incometax,
so what do you think, being hard on cryptocurrency trading, now govt. looking for taxation on buying of cryptocurrencies, is it possible in coming time gov. may lift the ban on cryptocurrencies in india?
I think india is a few steps away for lifting the banning for cryptocurrency because many post that India governments has a good look on this community and if im not mistaken their stands on us are positive and maybe now considering to force rbi accepting this cryptocurrency for thier own benefits it means people are still buying and trading on cryptocurrencies in india and it is in knowledge of indian govt.
so the govt. is now wants earn from the bitcoin buy sell,
another point of concern is that if the govt. apply the GST on bitcoin buying then to the indian people it would be paying double tax while trading, once when they are buying and later when selling as incometax,
so what do you think, being hard on cryptocurrency trading, now govt. looking for taxation on buying of cryptocurrencies, is it possible in coming time gov. may lift the ban on cryptocurrencies in india?
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