Need help from Indian bitcoiners: Sign the petition to announce bitcoin as legal

olubams

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Quote from: zebpaysupport on March 30, 2017, 05:22:34 AM

Announce bitcoins and cryptocurrencies as legal

Recently, there have been a few media reports that bitcoin has been declared illegal by the Indian government.

Bitcoin is not illegal as per existing laws. As per media reports, a parliamentary committee is setup to look into the future legality of bitcoi. and cryptocurrencies.

Please sign and share this IMPORTANT petition and make your voice heard. We will collect your signatures and present before the standing committee.

Together, let's make India a global fintech hub.

Click here to sign the petition

Its a good move in the right direction only if we have a listening government all over the world but where there would be issue is if the number of people that will sign the petition will really be enough to move the hands of government. Either way, when it comes to goverrnment, any fact finding committee will still come back with recommendations which most times its always negative because of the control government will not be able to have...

jak3

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i just got a message this morning with this signing stuff and i foolishly ignored it like i thought it was an advertisement thanks for sharing it here i just submitted my sign and shared it to social media, Its rather a good step that has been taken by the parliament i appreciate it and it help me because i am an indian and i am in this bitcoin community for more than 2011 and bitcoin helped me a lot also it provided me with knowledge and money

BitcoinPC

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As you said, it is declared only Indian reporter, not Indian Government announce that bitcoin is illegal, and also i have not listen anything this type of news. But i believe as you are doing something for bitcoin, it will work and hopefully Indian government not announce about bitcoin illegal. Because bitcoin is really work for Indian people who know about it.

aso118

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Widespread support from the public would only make the government more worried about Bitcoin. Grin

By the way, what sanctity does an online signature campaign have? How can you verify that the people signing are indeed Indians, and are not abusing the process by signing multiple times?

JeffBrad12

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Inaccurate headers by a lot of the press.

https://www.cryptocoinsnews.com/fake-news-bitcoin-illegal-reports-indian-press-erroneously/

This news has released today to counter the massive lies by the Indian press.

Quote

The absence of counter parties in usage of virtual currencies including Bitcoins, for illicit and illegal activities in anonymous/pseudonymous systems could subject the users to unintentional breaches of anti-money laundering and combating the financing of terrorism laws.

Meghwal also pointed to the nuanced stance taken by the Reserve Bank of India (RBI), the country’s central bank. “No regulatory approval, registration or authorization is stated to have been obtained by the entities concerned for carrying on such activities,” Meghwal added. The RBI issued a public notice in February, warning bitcoin adopters that companies dealing with bitcoin or digital currencies were unauthorized.

I just think if the Indian minister statement looks like an awareness. But the Indian press were taking it for seriously.

Carlton Banks

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Quote from: Kemarit on March 30, 2017, 10:23:07 AM

However, I don't think that the Indian goverment doesn't care about the petition. It will just add fuel to them to regulate the bitcoin is India. India is turning a blind eye on bitcoin, and will surely miss bitcoin in terms of online payment method.

You don't need officials to recognise facts for the facts to be true.

If Satoshi had asked permission, or for official recognition, before he programmed the original client, can you guess what would have happened? Seeking official recognition, or approval, goes against what Bitcoin is about, you have the wrong mindset, and Bitcoin therefore is not for you.

Bitcoin is valuable because it can't be controlled or regulated, if you pursue that line, you will not get what you're wanting anyway. Real Bitcoiners aren't going to be interested in the outcome, and you might just get official violence bursting through the door to your house. Have fun with that.

Kemarit

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Quote from: zebpaysupport on March 30, 2017, 05:22:34 AM

Announce bitcoins and cryptocurrencies as legal

Recently, there have been a few media reports that bitcoin has been declared illegal by the Indian government.

Bitcoin is not illegal as per existing laws. As per media reports, a parliamentary committee is setup to look into the future legality of bitcoins and cryptocurrencies.

Please sign and share this IMPORTANT petition and make your voice heard. We will collect your signatures and present before the standing committee.

Together, let's make India a global fintech hub.

Click here to sign the petition

We can try to do this one and and this is a small and easy thing to do to make a statement to the government. However, I don't think that the Indian goverment doesn't care about the petition. It will just add fuel to them to regulate the bitcoin is India. India is turning a blind eye on bitcoin, and will surely miss bitcoin in terms of online payment method.

I read that there is a virtual currency club or association in India which aim is to lobby government to recognize bitcoin trading? Any news about them?

Carlton Banks

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Anyone signing the petition runs the risk of the information being abused.

What if the Indian Govenment don't care about the petition, and want to seize all BTC in the Indian states? It only takes one leak of that information for all the people who give their information to a good cause for the whole thing to be turned into a bad cause.

"Be the change you want to see". Don't ask permission, no government can stop you using Bitcoin without destroying everyone's else's rights too.

webtricks

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Yo Zebpay, I signed the petition already. But I am still in confusion whether it will bring any change,
1. Bitcoin is already trending in India and RBI can't do anything in its use except giving warning, banning it or issuing punishment. So legality won't give it any other aspect.
2. On the same note, I don't think government even gonna ban it. Presently there is no country doing same and India is still far to be first Cheesy

Wapinter

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Quote from: Xester on March 30, 2017, 07:11:58 AM

Quote from: Wapinter on March 30, 2017, 06:02:19 AM

Quote from: buysellbitcoin on March 30, 2017, 05:41:01 AM

Quote from: FiiNALiZE on March 30, 2017, 05:33:13 AM

Pretty interesting concept but I don't think that this will do anything towards getting Bitcoin legalized. The customers that pay for goods and use Bitcoin while doing so don't really need to have a Government saying that Bitcoin is legal or not. Plus with the rates of most exchanges, it's pretty expensive to purchase Bitcoin.
Bitcoins could get used by many people without the need of the petition being signed, this looks like a subliminal Bitcoin census and I am against that.

One of the problem with regulators is that they sometimes do not know how many legit users and normal people are using it. This may help them to find that. We can try, thats what we can do.

Regards

How many?I assume in India bitcoin is hardly used by any criminals for their criminal activities.
One of the prime concern of government is that bitcoin is used to fund terrorism.
Do they have any supportive evidence to support their assertions?.

What the Indian government is afraid of is not the use of bitcoin but the potential impact of bitcoin use against national security. Possibly they have not yet find ways to counter or to avoid the use of bitcoin in illegal ways. If they can find ways of regulating bitcoin so they will not be used illegally then possibly they will approve bitcoin after proper rules is made.

They can disallow any non-institutional selling or purchasing of bitcoin illegal.
If anyone want to use it,he be made to keep the records of buying, selling or even spending bitcoin than declaring it illegal.

sartorpc

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I hope you get what you want, bitcoin should be legal worldwide!!

Xester

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Quote from: Wapinter on March 30, 2017, 06:02:19 AM

Quote from: buysellbitcoin on March 30, 2017, 05:41:01 AM

Quote from: FiiNALiZE on March 30, 2017, 05:33:13 AM

Pretty interesting concept but I don't think that this will do anything towards getting Bitcoin legalized. The customers that pay for goods and use Bitcoin while doing so don't really need to have a Government saying that Bitcoin is legal or not. Plus with the rates of most exchanges, it's pretty expensive to purchase Bitcoin.
Bitcoins could get used by many people without the need of the petition being signed, this looks like a subliminal Bitcoin census and I am against that.

One of the problem with regulators is that they sometimes do not know how many legit users and normal people are using it. This may help them to find that. We can try, thats what we can do.

Regards

How many?I assume in India bitcoin is hardly used by any criminals for their criminal activities.
One of the prime concern of government is that bitcoin is used to fund terrorism.
Do they have any supportive evidence to support their assertions?.

What the Indian government is afraid of is not the use of bitcoin but the potential impact of bitcoin use against national security. Possibly they have not yet find ways to counter or to avoid the use of bitcoin in illegal ways. If they can find ways of regulating bitcoin so they will not be used illegally then possibly they will approve bitcoin after proper rules is made.

Wapinter

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Quote from: buysellbitcoin on March 30, 2017, 05:41:01 AM

Quote from: FiiNALiZE on March 30, 2017, 05:33:13 AM

Pretty interesting concept but I don't think that this will do anything towards getting Bitcoin legalized. The customers that pay for goods and use Bitcoin while doing so don't really need to have a Government saying that Bitcoin is legal or not. Plus with the rates of most exchanges, it's pretty expensive to purchase Bitcoin.
Bitcoins could get used by many people without the need of the petition being signed, this looks like a subliminal Bitcoin census and I am against that.

One of the problem with regulators is that they sometimes do not know how many legit users and normal people are using it. This may help them to find that. We can try, thats what we can do.

Regards

How many?I assume in India bitcoin is hardly used by any criminals for their criminal activities.
One of the prime concern of government is that bitcoin is used to fund terrorism.
Do they have any supportive evidence to support their assertions?.

FiiNALiZE

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Quote from: buysellbitcoin on March 30, 2017, 05:41:01 AM

Quote from: FiiNALiZE on March 30, 2017, 05:33:13 AM

Pretty interesting concept but I don't think that this will do anything towards getting Bitcoin legalized. The customers that pay for goods and use Bitcoin while doing so don't really need to have a Government saying that Bitcoin is legal or not. Plus with the rates of most exchanges, it's pretty expensive to purchase Bitcoin.
Bitcoins could get used by many people without the need of the petition being signed, this looks like a subliminal Bitcoin census and I am against that.

One of the problem with regulators is that they sometimes do not know how many legit users and normal people are using it. This may help them to find that. We can try, thats what we can do.

Regards

Hopefully this works out, the Government aren't usually within the same side of the citizens opinion unless the higher-ups approve it. Since this involves money then it will remain a slippery subject when talked about in the courtroom.
If there is a bunch of people signing the petition and physically making a difference between fiat and Bitcoin without that much violence then Bitcoin does a chance of legality. Maybe there will be a person who has the connections for that to be possible.

buysellbitcoin

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Quote from: FiiNALiZE on March 30, 2017, 05:33:13 AM

Pretty interesting concept but I don't think that this will do anything towards getting Bitcoin legalized. The customers that pay for goods and use Bitcoin while doing so don't really need to have a Government saying that Bitcoin is legal or not. Plus with the rates of most exchanges, it's pretty expensive to purchase Bitcoin.
Bitcoins could get used by many people without the need of the petition being signed, this looks like a subliminal Bitcoin census and I am against that.

One of the problem with regulators is that they sometimes do not know how many legit users and normal people are using it. This may help them to find that. We can try, thats what we can do.

Regards

FiiNALiZE

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Pretty interesting concept but I don't think that this will do anything towards getting Bitcoin legalized. The customers that pay for goods and use Bitcoin while doing so don't really need to have a Government saying that Bitcoin is legal or not. Plus with the rates of most exchanges, it's pretty expensive to purchase Bitcoin.
Bitcoins could get used by many people without the need of the petition being signed, this looks like a subliminal Bitcoin census and I am against that.

zebpaysupport

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Announce bitcoins and cryptocurrencies as legal

Recently, there have been a few media reports that bitcoin has been declared illegal by the Indian government.

Bitcoin is not illegal as per existing laws. As per media reports, a parliamentary committee is setup to look into the future legality of bitcoins and cryptocurrencies.

Please sign and share this IMPORTANT petition and make your voice heard. We will collect your signatures and present before the standing committee.

Together, let's make India a global fintech hub.

Click here to sign the petition

Topic: Need help from Indian bitcoiners: Sign the petition to announce bitcoin as legal (Read 580 times)