I think this is Fake News
If it is true this will be a good news to us. And There's no news that Bitcoin will be officially legal in India in many sites of bitcoin. So this post is not true.
Topic: Suddenly, Bitcoin to Be Officially Legal in India - page 2. (Read 2783 times)
Rumors such as this one has been going on for many years now, and I am yet to see any communique from either the government of India or the Reserve Bank of India (RBI) which talks about the legalization of the crypto-currency. ZebPay may be spreading the rumors to increase their user-base and trade volumes.
This is a very interesting development for Bitcoin in particular and the whole cryptocurrency market in general. Why? It is because India is a big country in terms of population and it is next to China right now so the potential for Bitcoin users is really, really huge. I also understand that India or rather the people of India are so inclined to adopt new technology like the internet, new communication gadgets and now the cryptocurrency revolution. In fact, India is an undisputed King of the BPO industry which means it has a huge number of young people and this can be the market for Bitcoin usage.
I am looking for India to take its place in the cryptocurrency map and reap all the benefits that the blockchain technology can offer for pioneering country adopters. I can now sense that soon we can see a big shift to Asia for cryptocurrency. This is good news for me as I am from Asia too.
I am looking for India to take its place in the cryptocurrency map and reap all the benefits that the blockchain technology can offer for pioneering country adopters. I can now sense that soon we can see a big shift to Asia for cryptocurrency. This is good news for me as I am from Asia too.
Very nice new. I have 2 friends in India and they are interested about BTC. I think they will really surprised.
Yes.. The are interested about bitcoin. and also india was working with bolck chain. and the create all ready TCC. India every time start first time every thing
There is no official notification/message about legalization from any regulatory body in India.
So very soon India is also joining the Club of Bitcoin acceptance in their local areas. Once many countries are accepting the chance of Bitcoin fame will increase. I hope these are very good news for people in India. Still, I am waiting for my country to recognize the bitcoin.
This is the country that a few months ago choose without any warning to demonetize its largest banknotes. So I find it hard to trust that government. BTC may become legal bit it will be highly regulated, and I'm afraid that the next step will be to tax it. Poor Indians!
Very nice new. I have 2 friends in India and they are interested about BTC. I think they will really surprised.
Leading Bitcoin exchange Zebpay has revealed that the Indian government committee has ruled in favor of regulating Bitcoin.
On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market.
Efforts of Indian Bitcoin exchanges
Over the past three years, the big three Indian Bitcoin exchanges including Zebpay, Coinsecure and Unocoin operated with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place, despite the lack of regulations in the digital currency industry and market.
The efforts of the Bitcoin exchanges in India to self-regulate the market allowed the Indian government to reconsider the Bitcoin and digital currency sectors, regardless of the criticisms by several politicians that significantly lack knowledge in cryptocurrency.
On March 24, Cointelegraph reported that Kirit Somaiya, a member of parliament of the ruling BJP in India, was harshly criticized for his description of Bitcoin as a Ponzi scheme.
In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin.
The legalization of Bitcoin in India
In spite of the negative attitude of certain politicians, the Indian government has come to a decision to regulate the market and provide an even playing field for Bitcoin exchanges that have allocated a significant amount of resources to standardize the market and industry.
Back in April, Mohit Kalra, CEO of Coinsecure, one of the largest Bitcoin exchanges in India, told Cointelegraph in an interview that the Indian government has finally started to take Bitcoin seriously and are considering the possibility of regulating the market.
On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market.
Efforts of Indian Bitcoin exchanges
Over the past three years, the big three Indian Bitcoin exchanges including Zebpay, Coinsecure and Unocoin operated with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place, despite the lack of regulations in the digital currency industry and market.
The efforts of the Bitcoin exchanges in India to self-regulate the market allowed the Indian government to reconsider the Bitcoin and digital currency sectors, regardless of the criticisms by several politicians that significantly lack knowledge in cryptocurrency.
On March 24, Cointelegraph reported that Kirit Somaiya, a member of parliament of the ruling BJP in India, was harshly criticized for his description of Bitcoin as a Ponzi scheme.
In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin.
The legalization of Bitcoin in India
In spite of the negative attitude of certain politicians, the Indian government has come to a decision to regulate the market and provide an even playing field for Bitcoin exchanges that have allocated a significant amount of resources to standardize the market and industry.
Back in April, Mohit Kalra, CEO of Coinsecure, one of the largest Bitcoin exchanges in India, told Cointelegraph in an interview that the Indian government has finally started to take Bitcoin seriously and are considering the possibility of regulating the market.
This is another good news coming from that end and I hope to see some offshoot on how it progresses with much more information coming in the following days. Also, I hope this does not come at a very expensive price where the issue of KYC will now be taken to an extreme length thereby negating the fundamental principle that bitcoin rests which is anonymity and freedom.
This is good news for bitcoin. The more countries recognize it legally the more power to bitcoin and more value of course. For people who are storing bitcoin as an investment for longer term this is perfect news. More countries will surely follow if India manages to regulate bitcoin successfully.
Yes You Are Right .. Day by day bitcoin grow up and also recognize every country. Now India then Pakistan after that Bangladesh by day by day it will recognize every sarc country.bitcoin will be legal every country.
This is good news for bitcoin. The more countries recognize it legally the more power to bitcoin and more value of course. For people who are storing bitcoin as an investment for longer term this is perfect news. More countries will surely follow if India manages to regulate bitcoin successfully.
Leading Bitcoin exchange Zebpay has revealed that the Indian government committee has ruled in favor of regulating Bitcoin.
On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market.
Efforts of Indian Bitcoin exchanges
Over the past three years, the big three Indian Bitcoin exchanges including Zebpay, Coinsecure and Unocoin operated with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place, despite the lack of regulations in the digital currency industry and market.
The efforts of the Bitcoin exchanges in India to self-regulate the market allowed the Indian government to reconsider the Bitcoin and digital currency sectors, regardless of the criticisms by several politicians that significantly lack knowledge in cryptocurrency.
On March 24, Cointelegraph reported that Kirit Somaiya, a member of parliament of the ruling BJP in India, was harshly criticized for his description of Bitcoin as a Ponzi scheme.
In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin.
The legalization of Bitcoin in India
In spite of the negative attitude of certain politicians, the Indian government has come to a decision to regulate the market and provide an even playing field for Bitcoin exchanges that have allocated a significant amount of resources to standardize the market and industry.
Back in April, Mohit Kalra, CEO of Coinsecure, one of the largest Bitcoin exchanges in India, told Cointelegraph in an interview that the Indian government has finally started to take Bitcoin seriously and are considering the possibility of regulating the market.
Source Link : https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market.
Efforts of Indian Bitcoin exchanges
Over the past three years, the big three Indian Bitcoin exchanges including Zebpay, Coinsecure and Unocoin operated with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place, despite the lack of regulations in the digital currency industry and market.
The efforts of the Bitcoin exchanges in India to self-regulate the market allowed the Indian government to reconsider the Bitcoin and digital currency sectors, regardless of the criticisms by several politicians that significantly lack knowledge in cryptocurrency.
On March 24, Cointelegraph reported that Kirit Somaiya, a member of parliament of the ruling BJP in India, was harshly criticized for his description of Bitcoin as a Ponzi scheme.
In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin.
The legalization of Bitcoin in India
In spite of the negative attitude of certain politicians, the Indian government has come to a decision to regulate the market and provide an even playing field for Bitcoin exchanges that have allocated a significant amount of resources to standardize the market and industry.
Back in April, Mohit Kalra, CEO of Coinsecure, one of the largest Bitcoin exchanges in India, told Cointelegraph in an interview that the Indian government has finally started to take Bitcoin seriously and are considering the possibility of regulating the market.
Source Link : https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Jump to: