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Topic: Now its India's turn.Indian Supreme court asks government to regulate bitcoin - page 3. (Read 827 times)

full member
Activity: 182
Merit: 100
The days of the crypto wild west are coming to an end.

Scammers have been running wild and it's time this ends. Unfortunately this requires some forms of regulation.

You are correct. If ICO's are regulated then it will be Ok.But what if Bitcoin is banned completely because of its volatility?
legendary
Activity: 1946
Merit: 1007
The days of the crypto wild west are coming to an end.

Scammers have been running wild and it's time this ends. Unfortunately this requires some forms of regulation.
full member
Activity: 182
Merit: 100
Regulation for cryptocurrencies is pretty much inevitable, sadly. The question at his point is when regulation will come, and how it will be implemented. As for India's case, it doesn't look like anything is set in stone yet, so it's too early to talk of bans. The way it usually goes, though, is regulation is announced and is typically is slated to take effect on a future date. This way, there should be a small window for you to cash out. India is a very populated market though, and it would hurt Bitcoin's future outlook if it gets banned there. For now it doesn't look like there's anything you can do but hope for the best, and avoid getting involved in anything shady to stop Bitcoin from getting an even worse reputation.

Yes, India is a huge market. If the happens, it will really be a huge blow to bitcoin.But I just want to know if we can cashout our bitcoins even after the time  window for cashing out has finished.It would be good if any completely decentralized exchange is there.In my opinion if paypal accepts Bitcoin, it would be good.
hero member
Activity: 1834
Merit: 759
Regulation for cryptocurrencies is pretty much inevitable, sadly. The question at his point is when regulation will come, and how it will be implemented. As for India's case, it doesn't look like anything is set in stone yet, so it's too early to talk of bans. The way it usually goes, though, is regulation is announced and is typically is slated to take effect on a future date. This way, there should be a small window for you to cash out. India is a very populated market though, and it would hurt Bitcoin's future outlook if it gets banned there. For now it doesn't look like there's anything you can do but hope for the best, and avoid getting involved in anything shady to stop Bitcoin from getting an even worse reputation.
full member
Activity: 182
Merit: 100
USA,CANADA, CHINA and now INDIA.
Its growing.Now India is trying to regulate Bitcoin.

Source : https://www.coindesk.com/indias-supreme-court-calls-government-regulate-bitcoin/

Though the correction on the website says that the court just asked the government to respond to a petition, but it can be foreseen that, Its India's turn to regulate ICO's or Bitcoin.
What happens if India regulate bitcoin and ban all exchanges.How do we Indians get our money back in INR( Indian currency) which we have invested in Bitcoin?
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