What is your view on 2018 about crypto in India? - page 2.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: @prashant on May 10, 2018, 04:35:10 AM

Many companies have filled a lawsuit related to rbi ban on btc-inr transaction,soon it will lifted of as crypto is great tax income for the country through exchange.but it will take 1 year more to settle everything out in my opinion.we can see adoption of blockchain technology by native companies and use of it as payment in nearby future.

Cryptocurrencies are a great source of tax income? Where did you get that information from?
Cryptocurrencies have a very niche audience and will contribute only a negligible amount to tax revenues.

superstarbtc

jr. member

Activity: 378

Merit: 3

the indian crypto market is in confusion state now court hearing if court hearing is positive we can see so many exchangers coming up and accepting bank payments

@prashant

hero member

Activity: 910

Merit: 505

Many companies have filled a lawsuit related to rbi ban on btc-inr transaction,soon it will lifted of as crypto is great tax income for the country through exchange.but it will take 1 year more to settle everything out in my opinion.we can see adoption of blockchain technology by native companies and use of it as payment in nearby future.

ankurguta87

full member

Activity: 364

Merit: 117

No one knows which currency is going to hit the economy at what time……means no can be accurate to this question.

As per rumor india is going to have its own crypto soon and definitly it ll have its own crypto which will be regulated by RBI. In the mean time it is my advice to collect some free coins from ICO and keep it for 5–10 years for a good return.

Reserve Bank of India (RBI) has barred Indian banks from serving Bitcoins & cryptocurrency exchanges. We need to look at countries similar to China, and now India, to understand the implications on the flip side.

drmilind2004

member

Activity: 280

Merit: 28

For India, with the elections due in May 2019, YR-2018 is essentially a "shake nothing, disturb nothing" phase. Only urgent matters will be 'patched', everything else will be in 'kick the can forward' mode.

The real approach of the Indian Government toward all matters crypto will be formulated in 2019, 2020.

So, expect 2020 to be the real game-changer. And, to some extent 2019 as the foreshadowing, test phase of whatever new approach the fresh team (even today's team continuing counts as fresh!) configures.

shekhar0005

newbie

Activity: 65

Merit: 0

Many Indians might have left the cryptocurrency market because of RBI regulations. Only interested people will continue that too by using foreign exchanges.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: hdclover on May 05, 2018, 01:47:48 PM

Many Indians might leave the cryptocurrency market because our banks and RBI is fucking up with the investors. Only interested people will continue that too by using foreign exchanges. Get rich quick guys will vanish after this.

Do not assume that buying at foreign exchanges will be easy and smooth in the future. You still have to transfer money from your Indian bank accounts (which are governed by the RBI). Don't be surprised if banks stop transfers to foreign exchanges, saying that it is against their terms and conditions.

hdclover

hero member

Activity: 1120

Merit: 501

www.bitcoin.org

Many Indians might leave the cryptocurrency market because our banks and RBI is fucking up with the investors. Only interested people will continue that too by using foreign exchanges. Get rich quick guys will vanish after this.

botany

legendary

Activity: 1582

Merit: 1064

2018 has already been an eventful year for cryptocurrencies in India. We have had the RBI order asking for banks to cut their links with cryptocurrency companies. We have had the Coinsecure hack. Resolving these two will be more important than any development on the price front.

Pattberry

sr. member

Activity: 448

Merit: 250

Quote from: angela24 on February 25, 2018, 02:58:44 PM

Zebpay and Unocoin both two major bitcoin exchanges now allow 4-5 altcoins to trade against INR. But still the regulation is as usual nothing changed since a long. What is your expectation?

We have more exchanges that trades alt coin and since you posted this well before the RBI circulation, the things are not looking great, it all depends upon the case that is filed against the circulation and some of the exchanges that i am in contact with informed that they will be starting the INR transaction from next week as most of them halted their transaction once the circulation was out. I enquired about the expected changes but the support team could not give more clarification but told that is what the back end team informed them.

Soundharthulasi

newbie

Activity: 7

Merit: 0

Later 2017 bit coin market going very largely ...currently pennisula and japan bitcoin as thier one of curreny for forthcoming year india going accept the bit coin

racheta

newbie

Activity: 28

Merit: 0

I guess by the year end crypto might be regulated in India
I don't think it will be banned or such
but there haven't been any ICOs in India as such to cause any issue, right?

dongamk

member

Activity: 154

Merit: 14

Just need to recover. Good time ahead.

TRS-HARDWARE

jr. member

Activity: 62

Merit: 1

It can be good for indians if regulated by gov. And overall it has a potential to gain more value in upcoming days. Current situation is bad but it is not surprising. This is a normal phenomenon.. now in my opinion, btc price has been positioned in 10000 usd and this price can reappear many times due to ups n downs in coming days

angela24

newbie

Activity: 23

Merit: 0

2017 is a great year for bitcoin and altcoins. Cryptocurrency got a huge popularity through local main-stream media. Even negative feedback cause awareness about crypto which was unknown to many people. From the end of 2017 the whole market loosing it's value and there is no such development seen since two months. Zebpay and Unocoin both two major bitcoin exchanges now allow 4-5 altcoins to trade against INR. But still the regulation is as usual nothing changed since a long. What is your expectation?

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