Topic: No Ban. Crypto will probably get Regulated in India. (Read 195 times)
I read some news about this years ago about India banning crypto yet still they haven't done that in the first place. It seems this news keeps making fud all year and for me this is not the first time to do so. Banning crypto in such countries will not stop mass adoption and it will continue to move forward though.
Not probably. Cryptocurrency will be regulated in India. This is not whether the government regulations on cryptocurrency will come or not. The regulations will arrive whether we like it or not. Regulations will be implemented one of these days.
Cryptocurrency has already gone into a stage where the government will have to do something. The creation of policies on cryptocurrency is long overdue. But it would be very unfair if the regulators will implement policies on something they have not yet thoroughly understood. Rather than make things right, it could create problems. Authorities in India should carefully study cryptocurrency first and its implications before crafting and implementing crypto laws.
Cryptocurrency has already gone into a stage where the government will have to do something. The creation of policies on cryptocurrency is long overdue. But it would be very unfair if the regulators will implement policies on something they have not yet thoroughly understood. Rather than make things right, it could create problems. Authorities in India should carefully study cryptocurrency first and its implications before crafting and implementing crypto laws.
We have been waiting with great suspense on what can happen with cryptocurrency in India. On my own view, I think eventually this big country will be regulating cryptocurrency so they can be able to somehow have some degree of control on the market especially in prosecuting scams and frauds but at the same time allowing the business to flourish. I am hoping that leaders of the crypto industry would have a high level of communication and dialogue with those in the government so they can come up with a win-win environment. India is almost as big as China and this country has the big chance to be leading the cryptocurrency adoption if given the chance.
See, this world is a free world everyone have authority to upload anything in social media, some informations about cryptocurrency and more of bitcoin ban and regulations are not authentic provided that social media is still in existence, actually we really know that both state government and federal government is against bitcoin worldwide, but i have not gotten a reliable information that india have joined the queue of restrictions of bitcoin or regulations of cryptocurrencies over there. People who are from there can expatiate or elaborate more better concerning what their are passing true over the country via cryptocurrencies generally.
News 18: Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
I believe that the crypto market has already passed the stage of formation and now countries that previously imposed bans on cryptocurrencies are now ready to regulate the crypto market. In this case, we see that India is also ready to regulate the crypto market because it can bring profit. Of course, this does not mean that cryptocurrencies will be given the green light, but in any case it is better than a total ban. At the same time, this will make it possible to withdraw paper money from the population and speed up the process of transition to a new regional financial system.
Because of bans, fake news, regulations whatever reasons, the trading volume of crypto on Peer to peer marketplace in India is increasing too much.
Same with my country and I think everyother country that has placed ban in Crypto-currency, because in actual reality they really can enforce the ban and completely prevent crypto-currency enthusiast from doing what they love to do. The peer to peer exchange is what the government can't stop and I know how this makes them feel over crypto-currency, like my government some others are creating fake account on exchanges -top exchanges- no monitor activities or stage a fake transaction just to implicate some of the exchange users. 
Overally, I don't see any nation will go to ban Bitcoin. They want regulation, yes. They want tax, yes. but they won't ban Bitcoin.
We have heard and witnessed a lot of them already. As for the news, I would take is as a grain of salt, a lot of news related to this from this country yet it was still considered as good as banned there. There's even a news of bill going to announce of banning crypto there, seriously though I don't know what to believe either.
Because of bans, fake news, regulations whatever reasons, the trading volume of crypto on Peer to peer marketplace in India is increasing too much.
Usefultulips chart shows it. The 2021 Global crypto adoption index report shows that India is one of the most actively nation in Asia particularly and in the world generally.
Overally, I don't see any nation will go to ban Bitcoin. They want regulation, yes. They want tax, yes. but they won't ban Bitcoin.
Usefultulips chart shows it. The 2021 Global crypto adoption index report shows that India is one of the most actively nation in Asia particularly and in the world generally.
Overally, I don't see any nation will go to ban Bitcoin. They want regulation, yes. They want tax, yes. but they won't ban Bitcoin.
This issue is as old as hills. We keep on discussing this issue in one thread or another. The real point is how can government restrict the original BTC rolled out by satoshi aka decentralized Bitcoin. The only way government can get there share from crypto is to regulate it and get tax from it. So I agree that govt wont ban it but will regulate it for its own benefit.
News 18: Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
Then this is better enough than those continues FUD about India Banning Bitcoin.The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
Regulation is much better to implement but i doubt how can the government make this possible .
Hope that this will take place so the community won't feel the effect in the market again as Fake News keeps on bumping about India's stand over crypto .
I don't think it'll affect the market entirely because of a fake news, though it's hilarious how people easily fall off for fake articles like this.
I honestly don't like regulation but I do understand that this is a must for crypto and Bitcoin to operate without any danger, I just hate how some governments are tax-hungry when it comes to crypto, I just find it annoying but I guess regulation is better than having it banned.
News 18: Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
Then this is better enough than those continues FUD about India Banning Bitcoin.The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
Regulation is much better to implement but i doubt how can the government make this possible .
Hope that this will take place so the community won't feel the effect in the market again as Fake News keeps on bumping about India's stand over crypto .
News 18: Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
I don't know why news channels love to spread these kinds of lies and fake news, so far I have not seen any government source where it is written that government will ban any Cryptocurrency, so far I have just read about regulation, even in the meeting with the stakeholders they concluded it's impossible to ban Cryptos I don't know why these news channels are spreading these sort of news.The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
The media now is different than the old time where.
In the past, the media helps the public by serving the real data but the situation now is different.
Money or rating or other things will be their reason to spreads the lies and fake news to the public so it will no wonder if they will still do that because of their goals.
People need to be wise to filter the news and not just think that the news is real but we need to find out more and check the truth.
News 18: Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
I don't know why news channels love to spread these kinds of lies and fake news, so far I have not seen any government source where it is written that government will ban any Cryptocurrency, so far I have just read about regulation, even in the meeting with the stakeholders they concluded it's impossible to ban Cryptos I don't know why these news channels are spreading these sort of news.The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
As already, India from the beginning often issued this kind of policy and said it banned this type of crypto exchange. But the fact is that in India, cryptocurrency users are even more massive and continue to increase from year to year. not even a few crypto projects launched in India are enlivening the crypto industry by almost 30%. I'm not sure the new policy will actually be fully implemented either. Even if you read from the article there are investors who are excluded. means that there is an imbalance in carrying out the rules there.
You are wrong. India has never issued any kind of policy or ban of any cryptocurrencies. You and many others are probably being carried away in the FUD.
India has never issued any official statement regarding cryptocurrencies and it was the media and news articles online every single time who were creating a FUD.
I being an Indian citizen can say that India is not planning to ban any cryptocurrencies as of yet and even if they do then I will strongly recommend not to believe it until they have made an official statement.
Economic times, NDTV etc... and all other popular news channels are only telling what's rumored in the market.
I wonder why people believe whatever they read on the internet. People should only believe if the news is from official sources. So only believe when they have actually banned the coins.
News 18: Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
Well, that's good news! because I believe India is one of the biggest crypto players globally correct me if I'm wrong, so it is not good for the crypto industry to lose another big crypto player if India will totally ban cryptocurrency trading, so I think this is a piece of positive information, and thanks for sharing it. Anyway, I'm hoping that many countries will follow that positive moves instead of banning cryptocurrency totally.
Its good news indeed knowing how big the participation of India in this industry and for sure they will not do it since for sure they are the one who will lose a opportunity to adopt the economical changes. Also its really good to see how this end up with them and for sure those regulation they plan to do would really help their citizen to have protection from frauds or it could help them strengthen the usage of cryptocurrency on their country.
News 18: Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
Well, that's good news! because I believe India is one of the biggest crypto players globally correct me if I'm wrong, so it is not good for the crypto industry to lose another big crypto player if India will totally ban cryptocurrency trading, so I think this is a piece of positive information, and thanks for sharing it. Anyway, I'm hoping that many countries will follow that positive moves instead of banning cryptocurrency totally.
At present, there is no legislature that covers cryptocurrecies in India. However, that does not make cryptocurrency illegal in the country. It simply indicates that there is no regulatory framework to safeguard cryptocurrency owners in the country.It also “seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses”. Currently, there is no regulation or any ban on the use of cryptocurrencies in the country
It clears now those FUDs and news about the nonstop banning of bitcoin by RBI which has been in the discussions since a year ago.
Overally, I don't see any nation will go to ban Bitcoin. They want regulation, yes. They want tax, yes. but they won't ban Bitcoin.
This is for sure for those countries that are neutral to bitcoin. They'll regulate it and take the advantage that it's going to be another source for the blood of their economy. But there are still those countries that really don't want to intervene and not welcoming with bitcoin.
No country will be able to completely ban crypto. They have become too giants. Now, you have to understand that there are differences between Bitcoin, ETH and many other styles of investing. Each with a purpose. Eventually society will understand the revolution that is taking place and everything will be adapted and much will be regularized. But banning is simply impossible and impractical. Crypto is stronger and more resilient than the drug trade. There's no way to fight, just understand and get the best out of them.
Regulating cryptos are much better than a total ban just like what China and other anti-crypto countries did. Yes there are very big risks when accepting BTC as mode of payment no matter if it’s traditional or digital business due to the market volatility.
Whales are taking advantage of this FUD by playing mind games in selling a lot and then buy at lower prices. Just saying.
Whales are taking advantage of this FUD by playing mind games in selling a lot and then buy at lower prices. Just saying.
News 18: Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
I don't know why news channels love to spread these kinds of lies and fake news, so far I have not seen any government source where it is written that government will ban any Cryptocurrency, so far I have just read about regulation, even in the meeting with the stakeholders they concluded it's impossible to ban Cryptos I don't know why these news channels are spreading these sort of news.The Times of India: India to consider allowing crypto trading for some investors
NDTV: Crypto Bill Will Regulate, Not Ban, Claim Industry Sources: 10 Facts
That is a problem. And like I mentioned in a different related topic here earlier, I saw that NEWS flash on a Business news channel in one of the local news channels in my country but they too never give detailed information about what it is but that, "The Indian Government moves to Ban Crypto" and this is one of the major problems we have because most often, people will just react to the Headline rather than knowing the details of it. So sometimes, the media too are part of the problems.
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