Wasn't it another fake news that india will ban bitcoin? For 2 years now, anyone publish that bitcoins going to be banned in india.
Just in case it will happen anytime, would it really affect the crypto economy? How many trading volume is caused by india?
Topic: What should we do ? - page 3. (Read 702 times)
Who are the people criticizing bitcoin all over the world? Government or regular people? Not sure we have come to that stage yet? I guess it was people grumbling during bear markets...
Why would governmente jail people for holding crypto? Would they jail people for holding any fiat currency, precious metals or for bartering goods? This can only happen in full-blown dictatorship... I honestly would rather go to jail. My conscience does not feel bad about Bitcoin.
It is just like any other currency . Could be very important to those escaping lawlessness, rogue and evil governments.
No society that depends solely on central government will be free of oppression, lawlessness, harmful secrecy and possibly destruction
Why would governmente jail people for holding crypto? Would they jail people for holding any fiat currency, precious metals or for bartering goods? This can only happen in full-blown dictatorship... I honestly would rather go to jail. My conscience does not feel bad about Bitcoin.
It is just like any other currency . Could be very important to those escaping lawlessness, rogue and evil governments.
No society that depends solely on central government will be free of oppression, lawlessness, harmful secrecy and possibly destruction
There is a huge crowd in India that is into crypto trading. How many of them will they arrest. All the criminals will have to leave if all the Indian crypto users are sent to jail.
Do not you guys think so?
Do not you guys think so?
This is somewhat a ridiculous plan by the Indian Government which is synonymous to banning the use of pirated movies and music which of course is very
difficult task to do! Even the U.S. Government recognizes it as a very difficult task to implement and only promotes it adoption over time.
Banning Bitcoin as such is pretty much impossible, sure. But you see, people still need to exchange their BTC for fiat if they want to make use of the money. And this requires online exchanges or a very good system of interpersonal direct exchanges of money. The government can track such exchanges and pretend to be Bitcoin buyers to learn who the sellers are, thus covering both ways of selling Bitcoins, and it can impose serious sentences like imprisonment or huge fines. This would be enough to discourage the vast majority of users.difficult task to do! Even the U.S. Government recognizes it as a very difficult task to implement and only promotes it adoption over time.
Op, if it's clearly a crypto ban in India, and there's not much hope for a change of heart, and you're not planning to move to another country, I wouldn't risk holding something i can go to jail for, while you still can legally sell your BTC and get your money (if you can).
On this time, you can still actually use bitcoin with some various software like VPN to avoid being caught.
If the Indian Government ban the cryptocurrency then Bitcoin will still going to the sky, it doesn't affect too much. There's a lot of countries who adopt Bitcoin as a payment and I'm proud to say that my country is one of them.
The problem is, how will you transfer or convert your cryptocurrency into fiat in your country?
If the Indian Government ban the cryptocurrency then Bitcoin will still going to the sky, it doesn't affect too much. There's a lot of countries who adopt Bitcoin as a payment and I'm proud to say that my country is one of them.
The problem is, how will you transfer or convert your cryptocurrency into fiat in your country?
I will put my BTC in my cold wallet, Bitcoin is here to stay
I read the post carefully and i see that the issue was mainly targeted on indian country but im not from india so i dont have to worry on ny coins .
there are users here that i think not also from india but why they alarm too much ? The banning news wasnt also new because there are other countries that banned cryptos before up until now but hey cryptos are still alive and kicking.
there are users here that i think not also from india but why they alarm too much ? The banning news wasnt also new because there are other countries that banned cryptos before up until now but hey cryptos are still alive and kicking.
Well, they could trace us here with our IP's but never if we make our transactions offline with bitcoin.
Some may have been cashed out using an exchange but we could still mix it so that they will never find it again.
I guess our history cannot be used for us to be judged by the law.
We could just say we used it once.
Now, for India. I hoped some of the bitcoin holders there have made some move to make themselves safe again.
I still hope this ends well.
Some may have been cashed out using an exchange but we could still mix it so that they will never find it again.
I guess our history cannot be used for us to be judged by the law.
We could just say we used it once.
Now, for India. I hoped some of the bitcoin holders there have made some move to make themselves safe again.
I still hope this ends well.
This is somewhat a ridiculous plan by the Indian Government which is synonymous to banning the use of pirated movies and music which of course is very
difficult task to do! Even the U.S. Government recognizes it as a very difficult task to implement and only promotes it adoption over time.
difficult task to do! Even the U.S. Government recognizes it as a very difficult task to implement and only promotes it adoption over time.
I would advise you to hold your bitcoin in secret places with the hardware wallet and wait for a good time to sell your bitcoin. You could still use bitcoin using a VPN connection in the future. And you don't have to tells other people if you have bitcoin in your home. Keep that secretly for you and even don't tell your family if you don't want. Soon, the Indian government will change their statement about bitcoin, and they will allow bitcoin if they realize the benefits of bitcoin to their people.
I am not sure how the Indian government will be able to trace that you or any individual are still holding coins. Many will stay away for sure and sell their coins or crypto currency especially if they like to avoid any problems in the future and worse being jailed.
But the question here, is whether the Indian government have jailed already some individuals because of this reason? If not, I guess they will have difficulties in tracing those individuals who are still holding coins.
But the question here, is whether the Indian government have jailed already some individuals because of this reason? If not, I guess they will have difficulties in tracing those individuals who are still holding coins.
Maybe if they do not withdraw funds they cannot be tracked by the Indian government, the government has all the information from where their funds are obtained. If their funds are obtained from an crypto service or exchange, it means that the Indian government will suspect anyone involved in it. One of the right ways for me is to ask a friend from another country to withdraw our funds and then transfer them to our bank account, I think it can't be traced. Or better hold bitcoin for a long time and wait for the Indian government to remove the ban.
The government of India banning the use of cryptocurrencies has no specific influence on the entire crypto space and ecosystem and moreover, people can easily use cryptocurrencies even if the government ban the use of it publicly. People were using cryptocurrency (Bitcoin) for a while before even governments and other officials became aware of what cryptocurrency was.
Exactly. I believe that "India" is a government meaning word while "Crypto currencies" is non-governmental word.
How exactly is nasscom adding to the fuel? I'm actually grateful that established body like nasscom is against banning of cryptocurrency.
Also, 'India is going to ban cryptos soon' — don't be so confident in your statement.
it's a draft and until it has passed, stop sweating over it.
Also, 'India is going to ban cryptos soon' — don't be so confident in your statement.
it's a draft and until it has passed, stop sweating over it.
I am not sure how the Indian government will be able to trace that you or any individual are still holding coins. Many will stay away for sure and sell their coins or crypto currency especially if they like to avoid any problems in the future and worse being jailed.
But the question here, is whether the Indian government have jailed already some individuals because of this reason? If not, I guess they will have difficulties in tracing those individuals who are still holding coins.
But the question here, is whether the Indian government have jailed already some individuals because of this reason? If not, I guess they will have difficulties in tracing those individuals who are still holding coins.
So we all know how Indian government is banning cryptocurrencies soon.
https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.html
Now nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point
*They themselves think this is overboard and doesn't want to actually associate with it*
Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement.
Nasscom is actually the Indian IT sector more like a non profit organization.
Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term.
So , should you sell or hold onto bitcoins .?
All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine.
I am holding onto my coins , what are you gonna do ?
https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.html
Now nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point
*They themselves think this is overboard and doesn't want to actually associate with it*
Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement.
Nasscom is actually the Indian IT sector more like a non profit organization.
Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term.
So , should you sell or hold onto bitcoins .?
All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine.
I am holding onto my coins , what are you gonna do ?
My advice is to hold your bitcoin and wait for the time it will be settled down like what happened in China which they totally banned crypto currency but what happens now is the government itself promoting crypto currency .
I have no personal knowledge of the actual situation in your country. What I have are little surface knowledge based on what I've read in online crypto magazines. From what I've read and understood so far, this situation in your country is very temporary. I think that sooner or later the stance of India regarding cryptocurrency is going to change in favor of people like you. What you are going to have is basically a policy which is influenced by certain personalities in your government who happen to be against or at least ignorant about crypto. The good thing is that these personalities are always replaced or could be enlightened.
Jail time is always included in government policies if only to provide teeth to them. As to whether they are actually meted, especially on crypto owners, is most unlikely for me. And so, if I were you, I would continue to HODL my Bitcoins.
Jail time is always included in government policies if only to provide teeth to them. As to whether they are actually meted, especially on crypto owners, is most unlikely for me. And so, if I were you, I would continue to HODL my Bitcoins.
In the long run, India will legalize cryptocurrency. If you are only thinking of selling because of the ban, don't do it. No one will know if you have BTC or not.
In my local, we are facing the same issue, cryptocurrency is banned here. As a result, it's very much risky to buy/sell bitcoin. Although I barely sell BTC, if I do, I do with my own networks and chance of getting noticed by the authority is low.
In my local, we are facing the same issue, cryptocurrency is banned here. As a result, it's very much risky to buy/sell bitcoin. Although I barely sell BTC, if I do, I do with my own networks and chance of getting noticed by the authority is low.
I believe in bitcoin, and if I were an Indian citizen being oppressed by the government, I'd still hold and trade with it even if the repercussions are severe. There are no finalizations whatsoever in the bill and only 'proposed' ban with no legal framework backing it yet, so legally and technically, I won't be jailed for anything yet. After receiving backlash from the global community based on what they have done, now they are trying to disassociate themselves with the people who proactively suggested to ban cryptocurrencies just so the people would still trust them. This is a shame from the Indian government, and NASSCOM are trying to keep the slate clean just so they can gain some form of relevance from the issue.
It's real sad and this ban is ridiculous, but if I were you I would sell, but fighting with another people to government liberate BTC
My liberty is worth more than anything, more than BTC and money, I would not risk, take care my friend
My liberty is worth more than anything, more than BTC and money, I would not risk, take care my friend
So we all know how Indian government is banning cryptocurrencies soon.
https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.html
Now nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point
*They themselves think this is overboard and doesn't want to actually associate with it*
Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement.
Nasscom is actually the Indian IT sector more like a non profit organization.
Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term.
So , should you sell or hold onto bitcoins .?
All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine.
I am holding onto my coins , what are you gonna do ?
https://www.livemint.com/news/india/banning-cryptocurrency-in-india-not-a-solution-nasscom-1564476081539.html
Now nasscom is adding fuel to the war along with the Reserve bank of India suggesting that they didn't have anything to do with it makes worth a point
*They themselves think this is overboard and doesn't want to actually associate with it*
Earlier this week it was criticised by people all around the world also at the same time the committee was submitting the records rejecting any good involvement.
Nasscom is actually the Indian IT sector more like a non profit organization.
Earlier today there were websites suggesting how you should sell your coins so that you don't get jailed for long-term.
So , should you sell or hold onto bitcoins .?
All I know is if we all held onto our bitcoins , they won't be able to send each and every one of us to jail .. the supporters are actually a lot more than you could imagine.
I am holding onto my coins , what are you gonna do ?
If I were those guys at India who have bitcoins and are afraid of being jailed, I would just keep it a secrete and hold their coins unless the ban is lifted if ever that may happen. No one would know that they have Bitcoin, it is anonymous and they could just withdraw it outside the country if they wanted too, a country that is legalizing Bitcoin and trading for it.
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