Suddenly, Bitcoin to Be Officially Legal in India

coin_1122

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Quote from: jilani on September 28, 2017, 01:18:14 AM

If Bitcoin is officially legal in indea it is great news for Bitcoin fan of india.Although i don't know this news is full right or wrong.Because in this people country easily transaction any how without problem.I want to Bitcoin is legal wrold wide.

coin.

We didn't hear any news about Bitcoin is legal in India and even I never see any such news about that India is regulating the Bitcoin. I think people are propagating the fake news about the Bitcoin regulation. There are no official announcements from the Indian government.

Proton2233

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It seems to me that the key word is suddenly. I don't believe in such a development. Cryptocurrency and the state concepts are not compatible. Never policy not going to lose control of the economy. Even if cryptocurrencies will promise them big money they will not allow it. The poorer the nation the easier it is to manage.

dondexter

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This is great. More and more countries legalising bitcoin means it is more accepted and the value will probably rise.

Lieldoryn

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Quote from: jilani on September 28, 2017, 01:18:14 AM

If Bitcoin is officially legal in indea it is great news for Bitcoin fan of india.Although i don't know this news is full right or wrong.Because in this people country easily transaction any how without problem.I want to Bitcoin is legal wrold wide.

This will never happen. I think that banks which are fully controlled by the government will lobby for permission to issue their own cryptocurrency, but the release of them and the transaction will carry out only the banks themselves or the government. No permit uncontrolled currencies.

endlasuresh

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Quote from: mrcash02 on August 05, 2017, 01:35:15 PM

Quote from: Reid on August 02, 2017, 01:04:42 PM

Why is it that it is always newbies who creates this kind of threads.
It is hard to trust the news if it came from them. Plus, we have many users here which are pioneers. Maybe they could start the news.
Here is one good read about the regulation in India https://www.forbes.com/sites/sindhujabalaji/2017/06/21/bitcoin-india-regulation/#477b00627e4a
They said there will be ID's needed. I am afraid they will tax it a lot. This is bad actually.

Very possible to have to pay extra fees. If they want you to give your ID there will be people employed to check it and these people need to receive money to work, so it's probable the Bitcoin users will have to pay fees to generate money to pay these people... It's just an example, but similar situations can happen, where there is centralization, there are extra costs and we all know who has to pay these costs.

Taxe will be their main goal, if they don't get bribes or taxes, then Bitcoin or anything is illegal for them. I am not getting are these Govt people are Gods?

This type of threads are created by some people to threat Bitcoin as they dont have life to make money. I have seen a lot of threads within 15 days here and they don't stick to one thread or search in forums.

reliable

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Quote from: jilani on September 28, 2017, 01:18:14 AM

If Bitcoin is officially legal in indea it is great news for Bitcoin fan of india.Although i don't know this news is full right or wrong.Because in this people country easily transaction any how without problem.I want to Bitcoin is legal wrold wide.

There is no such news about bitcoin being legalized in India at present. The government is still looking into it and may even introduce their own coin which means they would ban all other coins. Thus btc may get ban in coming time and the country might issue their own coin if they think it is necessary and beneficial.

jilani

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If Bitcoin is officially legal in indea it is great news for Bitcoin fan of india.Although i don't know this news is full right or wrong.Because in this people country easily transaction any how without problem.I want to Bitcoin is legal wrold wide.

shohelalam

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Quote from: BTcSD on August 02, 2017, 12:53:46 PM

bitcoin doesn't need to be legalized in India or any other country because what attract more people to come everyday is freedom of selling \buying using bitcoin without any regulation and limited rules .

Yes. bitcoin is a life change program and so many peoples are going to millionaires from bitcoin and now come to the point yes you are right bitcoin doesn't need to be legalized india or any or others country. but if any country govt legalized bitcoin that time people fill secure to holding bitcoin and use bitcoin.

As you know so many country peoples face money Laundering crime and you know bitcoin use it is also Money Laundering Crime.

Thank you.

mrcash02

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Quote from: Reid on August 02, 2017, 01:04:42 PM

Why is it that it is always newbies who creates this kind of threads.
It is hard to trust the news if it came from them. Plus, we have many users here which are pioneers. Maybe they could start the news.
Here is one good read about the regulation in India https://www.forbes.com/sites/sindhujabalaji/2017/06/21/bitcoin-india-regulation/#477b00627e4a
They said there will be ID's needed. I am afraid they will tax it a lot. This is bad actually.

Very possible to have to pay extra fees. If they want you to give your ID there will be people employed to check it and these people need to receive money to work, so it's probable the Bitcoin users will have to pay fees to generate money to pay these people... It's just an example, but similar situations can happen, where there is centralization, there are extra costs and we all know who has to pay these costs.

akuser

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markaccy.io

India is a big country with a lot of people. No doubt that BTC is becoming known and trusted as a tough digital currency.

Reid

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Why is it that it is always newbies who creates this kind of threads.
It is hard to trust the news if it came from them. Plus, we have many users here which are pioneers. Maybe they could start the news.
Here is one good read about the regulation in India https://www.forbes.com/sites/sindhujabalaji/2017/06/21/bitcoin-india-regulation/#477b00627e4a
They said there will be ID's needed. I am afraid they will tax it a lot. This is bad actually.

BTcSD

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LoveMe

bitcoin doesn't need to be legalized in India or any other country because what attract more people to come everyday is freedom of selling \buying using bitcoin without any regulation and limited rules .

Vishnu.Reang

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So this one proved to be a fake news, right? ZebPay wanted to attract more trade, and they succeeded in it by spreading these rumors. Most of the Indian exchanges are operated by people without any morals or ethics.

naidray

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There is a misconception with regulations and legalization. As of now, in India Bitcoin is not officially declared illegal. Something which is not illegal is automatically legal. But at the same time, Bitcoin is neither recognized as currency. If news are to be interpreted correctly, the Indian Government is considering to regulate Bitcoins.

Bitcoin is something which cannot be regulated by anyone by the way it was envisioned and created, what is to be watched is, what the steps the government takes to so called 'regulate' it.

shohelalam

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Quote from: biskitop on July 12, 2017, 06:23:31 AM

This is good news from Bitcoin. This shows how Bitcoin is very profitable, especially to its users in making transactions. India took the decision to legalize Bitcoin, of course this is the first step for them to start using a digital currency called Bitcoin widely, legally. safe and comfortable.

India Always One Step First for that Now there star there Own Crypto Currency. and That coin also stable Good. and Every investor profit from them. Now btc legal then the also huge profit from that.

biskitop

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This is good news from Bitcoin. This shows how Bitcoin is very profitable, especially to its users in making transactions. India took the decision to legalize Bitcoin, of course this is the first step for them to start using a digital currency called Bitcoin widely, legally. safe and comfortable.

mountainview

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As India has just started moving towards digitization and also promoting more usage of online transactions, government has given a thought whether bitcoin can be declared legal or not keeping in mind its popularity in the present market. It can take another 3-4 years for government to decide on and various pros/cons needs to be considered.

dihari

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If implementation of legalization bitcoin in India bring good impacts for economy in India, it may be called a successful move from the government. And i am sure, many countries will follow this step to grow their economic country with cryptocurrencies.

Gatubela

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That it’s an excellence notice by Bitcoin community!, so when the indian government committee has ruled in a favor of regulating bitcoin they has recognized the currency digital sectors like as an legal cryptocurrency in the sector of country’s economy; this is certainly meaning very important to introduce the cryptocurrency knowledge in another countries and to grow up the marketing and financial operating systems. Cheesy

1.btcwonder

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The Bitcoin trend is easily spread on in India. Though tech nerds and young depositors check the digital currency as its price climbs, the government, also, is expecting a course of action close its regulation. After Prime Minister Narendra Modi’s demonetization act last November, statistics flowed and it supposed there is approximately 600,000 Bitcoin utilizes in India, according to the creators of some bitcoin outfits.

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