Topic: RBI ban Bitcoin? - page 4. (Read 909 times)
If that would happen I really think there are a number of percent on the community that are in india and they are really using bitcoin as payment, And Zebpay and Unocoin will have to shut down operations and might move their companies to some other countries, And if that happen RBI will issue guidelines on what may happen to all existing bitcoin and money transfer on Zebpay and Unocoin.
Though Indian is the most populated country country in the world and also in the world of internet and technology, but these does not determine the existence on bitcoin. As many other country are still and and still continue to patronize cryptocurrency.
If this news comes to be true, it will have huge impact on the prices. The current trends in Indian exchanges show the same.
RBI ban Bitcoin?
India is a country with a large number of people interested in Bitcoin. Indian central bank warns Bitcoin users of possible risks. That does not mean that Bitcoin is prohibited or violated by the law . Notification of the Reserve Bank will not adversely affect Bitcoin or any other virtual company. Which can make people more interested in Bitcoin.It is not easy for more than 200 countries to accept the presence of Bitcoin in their country. I believe Bitcoin will soon become an official currency all over the world.
Well, I do not know if this is just fake or FUD, but this was posted 4 hours ago :
https://www.bloombergquint.com/business/2018/04/05/rbi-bans-regulated-entities-from-dealing-with-virtual-currencies
and this 2 hours ago :
http://www.business-standard.com/article/finance/reserve-bank-of-india-considers-issuing-its-own-virtual-currency-118040500757_1.html
and
https://www.ndtv.com/business/bitcoin-ban-banks-given-3-months-to-stop-dealing-in-bitcoin-like-digital-tokens-latest-on-bitcoin-1833294
None, looks like reputable sources.
*One of the countries that need it the most... f#$%#*
https://www.bloombergquint.com/business/2018/04/05/rbi-bans-regulated-entities-from-dealing-with-virtual-currencies
and this 2 hours ago :
http://www.business-standard.com/article/finance/reserve-bank-of-india-considers-issuing-its-own-virtual-currency-118040500757_1.html
and
https://www.ndtv.com/business/bitcoin-ban-banks-given-3-months-to-stop-dealing-in-bitcoin-like-digital-tokens-latest-on-bitcoin-1833294
None, looks like reputable sources.
*One of the countries that need it the most... f#$%#*
Its a small market in crypto terms. Who cares?
Bro Indian is a huge crypto market remember it Its a small market in crypto terms. Who cares?
What you mean by small market?India is one of the more populated country in the world holding 132 million people which is small? 
But I don't know this is a true or false new,can anyone confirms that the news is true or not?
Size means nothing, also it's a lot more than 132 million...
Volume is everything.
India has rather small trade volume in crypto, to compare:
Australia, 24 million people = https://coin.dance/volume/localbitcoins/AUD/BTC
India, 1.324 billion people = https://coin.dance/volume/localbitcoins/INR/BTC
Even Nigeria has India well and beat = https://coin.dance/volume/localbitcoins/NGN/BTC
I wonder how we would react to that news
"Nigeria bans crypto currency"
hmm I'm waiting for another comment, what makes you think RBI block bitcoin? if there is any news, please be clear
well india has one of the biggest population but we dont know if they have more people know about bitcoin.. well if it so the market will affect this news
Its a small market in crypto terms. Who cares?
What you mean by small market?India is one of the more populated country in the world holding 132 million people which is small? But I don't know this is a true or false new,can anyone confirms that the news is true or not?
Its a small market in crypto terms. Who cares?
RBI ban Bitcoin?
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