Reserve Bank of India Ban to the Bitcoin But Bitcoin are not Ban in India [news]

stayeduptolate

hero member

Activity: 980

Merit: 502

Quote from: Chandan01998 on April 07, 2018, 03:00:28 PM

Hi Everyone
My Name is Chandan
I am a citizen of india,

Bitcoin is not ban in India.A Bitcoin user can do all the work in the bitcoin, Like Treading, Investing, Transaction, send and receive, buy and sale to the Bitcoin easily.

But the Reserve Bank of Indian (RBI) has banned Bitcoin and altcoin cryptocurrency and ban to the including all business at cryptocurrency. RBI said no bank will deal in crypto currency again.RBI has given time of 3 month to get out of Bitcoin.

I suggest, If you are an Indian citizen, do not sale Bitcoin hold your Bitcoin
Because bitcoin can not ban any country. Remember it is a decentralized cryptocurrency.
You do not have store Bitcoin on Indian Exchange. immediately send Bitcoin International exchange like Binance.

Chandan, you are very right for this statement that bitcoin is a decentralised crypto currency and no country could ban its use in their nation. They can ban crypto currency use only to that places where they are regulating bodies, so RBI can ban bitcoin from all Indian exchanges only so just transfer your bitcoins from Indian exchange to any international exchange like binance and bitrex so RBI has banned bitcoin from their domestic sites otherwise in india people people could own bitcoin, its not a crime.

BlasterS

full member

Activity: 420

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Actually in India most of the people are cash basis and never tend to engaged in banking or electronic banking.
I think the reason behind why many reserve bank banned bitcoin because they will have a big competitor in a small marlet, wherein all demands they receive will be limited.

hosseinimr93

legendary

Activity: 2380

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Quote from: Chandan01998 on April 07, 2018, 03:00:28 PM

You do not have store Bitcoin on Indian Exchange. immediately send Bitcoin International exchange like Binance.[/color]

Why send your bitcoins to an exchange like Binance? keep your coins in a wallet which you control your private keys. It's the best option.

nsasuiteb

full member

Activity: 406

Merit: 100

BAILOUT

If you are outside of india, then don't care about this news even don't read it because it really has not affected bitcoin price at all. Bitcoin is being more resistant as time goes by.

sarajahon

newbie

Activity: 44

Merit: 0

As Bitcoin is blooming in the market, I think RBI imply such regulations that ban bitcoin and other cryptocurrencies.

Chandan01998

newbie

Activity: 113

Merit: 0

Hi Everyone
My Name is Chandan
I am a citizen of india,

Bitcoin is not ban in India.A Bitcoin user can do all the work in the bitcoin, Like Treading, Investing, Transaction, send and receive, buy and sale to the Bitcoin easily.

But the Reserve Bank of Indian (RBI) has banned Bitcoin and altcoin cryptocurrency and ban to the including all business at cryptocurrency. RBI said no bank will deal in crypto currency again.RBI has given time of 3 month to get out of Bitcoin.

I suggest, If you are an Indian citizen, do not sale Bitcoin hold your Bitcoin
Because bitcoin can not ban any country. Remember it is a decentralized cryptocurrency.
You do not have store Bitcoin on Indian Exchange. immediately send Bitcoin International exchange like Binance.

Topic: Reserve Bank of India Ban to the Bitcoin But Bitcoin are not Ban in India [news] (Read 160 times)