Topic: NO..India is NOT Banning Bitcoin (Read 726 times)
if it is true that there is no bitcoin ban in India then this will be a very good thing that has an impact on the viability of bitcoin in the future because in the midst of the current decline in bitcoin prices, of course the crypto world really needs adoption or recognition from developing countries, with With this adoption, at least it can re-strengthen the price of bitcoin back to stable as it has happened a few years before
Just an update to the fact that the crypto bill was supposed to be launched in the parliament this year winter session, it has been withheld for now.
https://gadgets.ndtv.com/cryptocurrency/news/cryptocurrency-bill-india-parliament-winter-session-withheld-2662529
This is the second time the bill got delayed - previously on the monsoon session of parliament.
Whatever be the political tensions in the parliament, the winter session was closed early and therefore I guess this issue which is given less importance by the government over present issues, has been delayed.
I hope that something concrete can happen in future, let them analyze what other countries are doing about regulations and take the best route possible.
For now, I think this thread can be locked.
https://gadgets.ndtv.com/cryptocurrency/news/cryptocurrency-bill-india-parliament-winter-session-withheld-2662529
This is the second time the bill got delayed - previously on the monsoon session of parliament.
Whatever be the political tensions in the parliament, the winter session was closed early and therefore I guess this issue which is given less importance by the government over present issues, has been delayed.
I hope that something concrete can happen in future, let them analyze what other countries are doing about regulations and take the best route possible.
For now, I think this thread can be locked.
The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
That is really nice to know. I have already gotten tired at the rate the media kept carrying this kind of news about India and saying that they are banning Bitcoin bitcoin. It is good to know that they have no plans to ban bitcoin at all. The media is always ready to quickly carry any such news that is bad, because they know that people are more likely to click on such news to see what is really happening, and bad news usually travel faster than the good news.India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Every time they kept on refreshing this particular news and I was really tired of it. But despite all that I still noticed that there are people there who are making use of Bitcoin and that was what gave me the confidence to keep believing that it wasn’t over.
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India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
I guess it's a big FUD regarding the somewhat conflicting regulation of disclosure links for bitcoin and crypto. I think this has created a lot of confusion and negative effects that shock people who are gullible and easily spread FUD. Today, the twitter of the prime minister of India was hacked as a motive not a coincidence. They are not banning but that doesn't mean they are advocating and possibly reversing the imperative for regulatory adjustments in crypto.Quote
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
I guess it's a big FUD regarding the somewhat conflicting regulation of disclosure links for bitcoin and crypto. I think this has created a lot of confusion and negative effects that shock people who are gullible and easily spread FUD. Today, the twitter of the prime minister of India was hacked as a motive not a coincidence. They are not banning but that doesn't mean they are advocating and possibly reversing the imperative for regulatory adjustments in crypto. 
The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
Never that i do believe in those news that India is totally banning bitcoin because the government of India seems to be starting to finally realized the help and advantage of Bitcoin for their people and they will never act negative that their people will be disappointed .India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
People will value interests, and the people will, and the government will also chase fame and wealth, but the impact of this kind of news is not very big. It is caused by the wrong guidance of the media, which is a large part of the reason.
you have taken the post in different views because this thread is created to dismantle all those wrong perception in towards the subject of India banning bitcoin .The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
There are too many encrypted news that are false, but India only banned them as a payment method, they can still continue to hold Bitcoin or other encrypted currencies, and there is no complete closure that can change new things in the country. India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
Panic selling is the top priority of these news investors, but India is not saying that virtual currencies are completely banned, so the impact is not large, and there will not be too much negative impact. It just chooses to ban the use as a payment method, so that BTC can still be used. As our asset. India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
Just like China, India is also a developing country, and it may be like China in the future. They are not waiting slowly for withdrawals outside the bank, but banning BTC is not the best choice or way for their country to solve the problem. India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
People will value interests, and the people will, and the government will also chase fame and wealth, but the impact of this kind of news is not very big. It is caused by the wrong guidance of the media, which is a large part of the reason.
The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
Once this kind of prohibition problem occurs, it is because it affects their own interests. Just like China's severe crackdown on virtual currencies, the reason is because China has its own currency and does not want its own citizens to buy and sell virtual currencies. India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
It's still not a confirmed information about this as I am seeing a lot of news about bitcoin is gonna be banned so still its not a confirmed news... Anyways.... I prefer it shouldn't be banned
I think India will never ban crypto currency because it is not in their interest as Indian developers are contributing a lot for development of this fast growing industry and country is benefiting at large. Certainly they will introduce legislation to regularize it to put check on money laundering but never ban it .India is one of the world’s fastest-growing markets for cryptocurrency trading, even though the ability to trade Bitcoin and its peers freely and anonymously undermines the country’s limits.
https://www.bloomberg.com/news/articles/2021-11-28/is-india-banning-cryptocurrency-how-can-it-do-that-quicktake#:~:text=In%202018%2C%20India%20effectively%20banned,the%20restriction%20in%20March%202020.
The FUD continues.
India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
news like this must be rectified immediately so that there is no prolonged turmoil on crypto movements and it is clear that the main thing is bitcoin. but it's only natural that this news reappears, because in 2018 India indeed banned crypto transactions, but a year later it was canceled by the Supreme Court there, resulting in the development of crypto in India increasing.India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks.
India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
but indeed for a while, there is a ban plan for India, which will ban the use of cryptocurrencies as a means of payment. Even so the country is considering accepting crypto as an asset.
so that only restrictions as a recognized medium of exchange, but all transactions will still be able to run, and as far as I know many countries do things like this. and there will be no problems that are very worrying.
if the news is true then it's a good thing that people there can invest bitcoin freely without fear of being banned. We know that if a country prohibits bitcoin, it will be difficult for bitcoin enthusiasts to invest, even though bitcoin investment is a profitable investment. Moreover, the development of bitcoin is getting better and better, so I think we will miss the moment if we don't invest in bitcoin. I hope that other countries that prohibit bitcoin will also start to open up opportunities to receive bitcoins so that bitcoin can grow rapidly without any disturbance, and that everyone in various countries can get the benefit from it well.
Recently, I saw from newspaper that the Indian government is going to take some steps against the crypto currency that is for Bitcoin. According to Indian government it is illegal to keeping Bitcoins, trading and also selling or buying the bitcoins.
If anyone found for such illegal work then he/she would be gone to jail and that is also non-bailable. So how much it will affect the situation that no one could tell.
If anyone found for such illegal work then he/she would be gone to jail and that is also non-bailable. So how much it will affect the situation that no one could tell.
we have heard discourses like this where the Indian state has never banned crypto from being widely adopted but for now it has not been realized.We really hope that one day, with the adoption of several developing countries, it will be able to make the bitcoin price stable again. which has happened several years before because currently bitcoin is in dire need of adoption from developing countries
It is true that India, like other countries, prohibits the use of crypto as a transaction tool, but does not prohibit its citizens from buying or selling crypto or making it an asset. In other words, you can still become a Bitcoin trader or investor in India because the prohibition only covers buying or selling transactions using crypto. So don't misunderstand the news that will lead to misunderstandings.It is true that India, like other countries, prohibits the use of crypto as a transaction tool, but does not prohibit its citizens from buying or selling crypto or making it an asset. In other words, you can still become a Bitcoin trader or investor in India because the prohibition only covers buying or selling transactions using crypto. So don't misunderstand the news that will lead to misunderstandings.
Thank you for this write up. It’s crazy how many outlets will write up articles with bullshit headlines that make it seem like India was actually trying to ban bitcoin overall. I still don’t like this possible measure, as I think India has plenty of other things to worry about first (like their rape problem).
I had not read this news, if you are a citizen of india then no doubt you should have real news of what is going on, anyway do you have a link to a press release from the government of india where they say they are just ban bitcoin as a method of payment? or are you just giving your theory of how the government will handle bitcoin in india?
Haven't heard any such news yet. Also, it's practically impossible to get it banned in India. A a lot of Indian citizens have invested in bitcoin.
India is one of the big markets for bitcoin, where people are interested in buying and selling bitcoins. Also, the people of India will not let it happen.
I think people should be very careful of what they put out there in public space when it gets out, it is very difficult to control.
Having said that, the govt. of India is not banning crypto. There's no where it said it was banning Crypto, but rather passing a bill to regulate it.
Having said that, the govt. of India is not banning crypto. There's no where it said it was banning Crypto, but rather passing a bill to regulate it.
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