Topic: The date is very close when Indian government will ban the crypto trading. - page 2. (Read 283 times)
June 23, 2018, 01:29:29 AM
YEP. Some people say the government can not ban crypto. But when they forbade the transfer from crypto to paper money. Everything is really hard. This like ban the crypto. My country is doing the same thing. bored
June 23, 2018, 01:29:01 AM
The date is very close when Indian government will ban the crypto trading.So It will be impossible to trade in indian currency. Should one exit from crypto or transfer all holdings to outside Indian exchanges.
Actually even if its ban from your country or any other country you can still trade and you don't need to transfer any since your account isn't the one who will be banned its the exchange. What I'm trying to imply is that even if its ban in your country you can still gain access from exchanges by having an IP address from a country nearby you can always do this as long as you have an IP tunnel.
June 23, 2018, 01:23:44 AM
Any youtuber said this news is fake and does not any proof. I think this is only FUD that want to try dumped the price of crypto and they buy back at cheaper price.
I don't know if it's fake news or not, but I'm not Indian and don't really follow crypto news anyway, so it would be nice if OP provided a link to support his assertions.If India is going to ban crypto, I'd definitely move your money out of it and into fiat. Don't know what the penalty would be for not doing so, but I wouldn't risk being branded a criminal for using bitcoin. If a government criminalizes crypto, there's not really much you can do.
June 23, 2018, 01:08:20 AM
Any youtuber said this news is fake and does not any proof. I think this is only FUD that want to try dumped the price of crypto and they buy back at cheaper price.
June 22, 2018, 06:07:59 PM
This FUD doesn't help the crypto community. Are you sure of the date, why say is so close without any official announcement. Well, if it happens, you can use a vpn to access an outside exchange to trade over there.
June 22, 2018, 04:55:03 PM
According to zebpay announcement that if zebpay bank is disrupted, rupee deposit and withdrawal is impossible.
So, I think for the safety of your funds start to move all of your funds out from the zebpay exchange if your all crypto funds are there.
There is still some alternative way to withdraw your crypto without using local exchange in India.
You can try to make a perfect money verified account because there are many options to convert your crypto to perfect money then you can use some service to withdraw your perfectmoney to western union or any other available remittances in your country to receive your money.
So, I think for the safety of your funds start to move all of your funds out from the zebpay exchange if your all crypto funds are there.
There is still some alternative way to withdraw your crypto without using local exchange in India.
You can try to make a perfect money verified account because there are many options to convert your crypto to perfect money then you can use some service to withdraw your perfectmoney to western union or any other available remittances in your country to receive your money.
June 22, 2018, 08:51:10 AM
Why would you trade in indian currency? you can always use USDT for that reason.
Also its not so easy to ban something in nowadays
Also its not so easy to ban something in nowadays
June 22, 2018, 04:56:15 AM
I do not know about the legal status of bitcoin in India" Some articles talk about it but are contradictory," but you must try to avoid breaking the rules even if it generates profits.
Bitcoin is Peer 2 Peer, So you do not need any system to use it. " second trusted part."
try online sellers from localbitcoin or exchange your coins into any form of payments accepted in India. "PayPal, Skrill, ...etc"
Bitcoin is Peer 2 Peer, So you do not need any system to use it. " second trusted part."
try online sellers from localbitcoin or exchange your coins into any form of payments accepted in India. "PayPal, Skrill, ...etc"
June 22, 2018, 03:57:22 AM
The date is very close when Indian government will ban the crypto trading.So It will be impossible to trade in indian currency.
Do you have proof that on what's the update regarding this issue on India? If there's a whale on India and your government doesn't allow to do such trades, he will just migrate to a better close country.Should one exit from crypto or transfer all holdings to outside Indian exchanges.
Depends on your situation, I can't you something that I haven't been into situation. If you want to exit because of the law go for it but don't regret when you miss the up's of cryptos. copper member
Activity: 33
Merit: 0
Converting Mining over "Internet of Transactions"
June 22, 2018, 02:41:15 AM
well i think one can't ban crypto so easily, there are many other platform like local bitcoin, remitano , and unocoin haven't released any statement yet, statement is only released by Zebpay.
Why don't you use crypto for what it is made for, not for trading. sorry but i strongly think that you don't know what actually crypto is for.
Why don't you use crypto for what it is made for, not for trading. sorry but i strongly think that you don't know what actually crypto is for.
June 22, 2018, 12:10:45 AM
The date is very close when Indian government will ban the crypto trading.So It will be impossible to trade in indian currency. Should one exit from crypto or transfer all holdings to outside Indian exchanges.
Jump to: