No, not at all. We ban something which is harmful for the society as a whole. But Bitcoin does no harm to our society; rather it is giving us many advantages of less- cost, speedy transactions, transparency, etc.BITCOIN is the best and the safest digital currency ,so it should not be ban in india.
and its a currency of future so baning it means we baning our future altogether.Our progress will tank 
Topic: Should Bitcoin be banned in India? - page 2. (Read 14730 times)
if their is a ban of bitcoin in india the bitcoin lovers will flew to other nation where its legal. But their will be always a secondary option to use them.
We can trade in international exchange easly,Localbitcoin to convert btc to fiat.Job done
if their is a ban of bitcoin in india the bitcoin lovers will flew to other nation where its legal. But their will be always a secondary option to use them.
No, not at all. We ban something which is harmful for the society as a whole. But Bitcoin does no harm to our society; rather it is giving us many advantages of less- cost, speedy transactions, transparency, etc.BITCOIN is the best and the safest digital currency ,so it should not be ban in india.
The government banned or restricted bitcoin users from using through bank is the main reason what they are giving is that it is used mainly in money laundering and they are not able to control it. But even their are other commodity like gold and silver etc are also used in money laundering or in illegal activity but still they are allowed in the society. So it is more like government are not fully aware about bitcoin and its technology and just in fear started to restrict it by giving orders to bank through RBI to stop the traders account to use in crypto.
No, it shouldn't. BITCOIN is the best and the safest digital currency ,so it should not be ban in india.
Crypto Trading shouldn't be banned in india we can have regulation crypto trading give us lot of jobs and new employment opportunity and financial strength of the country
Most of the people are not aware of digital currencies. They are just flowing with the flow. That's where fraudsters have managed to cheat people. Recently 1 person was arrested for cheating 2000cr worth of bitcoins.
Bitcoin is a spin-off from the global financial system. Moreover, it can be particularly anonymous when desired, as opposed to its usual cover under the KYC umbrella. Both these features mean that while on the one hand its impossible to 'ban' an anonymous transaction, there are sufficient 'handles' for KYC based functionality to encourage some regulated operation.
Hence, these being 'early days yet' wait-and-watch seems to be the government policy. After all, in a sense, Bitcoin is just a kind of in-game currency; albeit, one that has bloated beyond recognition.
Hence, these being 'early days yet' wait-and-watch seems to be the government policy. After all, in a sense, Bitcoin is just a kind of in-game currency; albeit, one that has bloated beyond recognition.
Indian government is not controlling the Bitcoin ecosystem. So that Cathy do anything other than banning INR/BTC pairs in exchange. Thus will open grey market in India just like China.
bitcoin should nt be banned in India we are third fastest growing economy in the world and fastest growing economy world is looking at us at this point of time banning bitcoin will create job losses and stop innovation
No bitcoin cant be banned in india they will form a regulation very soon we can see good news very soon
In india not aware of crypto currency and block chain ....but now usage of bitcoin in all over the world is going big and huge ....futhur india govt not going to ban the bitcoin
Bitcoin trade has already been banned in the India, Check following link:
https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
RBI has directed banks and other e-wallets not facilitate crypto related transactions. Now onward it is not possible to use any bank or e-wallet to purchase or sell your bitcoins or alt-crypto using bank/e-wallets.
RIP crypto
https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
RBI has directed banks and other e-wallets not facilitate crypto related transactions. Now onward it is not possible to use any bank or e-wallet to purchase or sell your bitcoins or alt-crypto using bank/e-wallets.
RIP crypto
i don't think it is going to ban,, since may of big celebs and personalities are using it. whereas, it is very much required to safeguard the policies for cryptos, as india is a big country, and there must be a good policies for it. however due to the functionality of crypto it is very hard for government to introduce a clean policy. hence they are forced to ban the transactions in the banks. and i feel they are going to bring a simple format to trade cryptoassets in india. this can be like demat account is used to trade shares,, similarly,, saperate cyptotrading account might be required to trade. this is just my opinion. story can be totally different however.
I do not want comment to ban bitcoin in INDIA.But INDIA should create own cryptocurrency.Because this technology might be the future of the world.IT WILL BE BENEFITED FOR COUNTRY IN FUTURE.
I think India is looking to have its own crypto currency as per the last rbi release where they want to make the best benefit of the available technology but where they have full control of the coin which they will issue and know exactly the status of everything .
i really dont think so bitcoin should be banned , and ofcourse i am reading everybodies commnts, they cant actually ban bitcoin or any other crypto , blockchain technology its really unique and ground breaking , india should embrace this tech. lots of india's issue can be solved by using this tech.
I do not want comment to ban bitcoin in INDIA.But INDIA should create own cryptocurrency.Because this technology might be the future of the world.IT WILL BE BENEFITED FOR COUNTRY IN FUTURE.
You have to be new to the crypto world.
Bitcoin is not owned by any government and transfer through internet. So practically no government can ban bitcoin unless we don't value them.
Bitcoin is not owned by any government and transfer through internet. So practically no government can ban bitcoin unless we don't value them.
Obviously no, it shouldn't. India being a developing country need to understand the importance of online transactions .Also nowadays India is on the way to become cashless so i do not think that there is any other suitable way for this . BITCOIN is the best and the safest means to complete this dream of Indian Government.
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