Actually , you should know that even if the government banned the bank payments and all we still have many options to trade in Bitcoin .
Some people sold off majorly while hearing the news that everything is going to be banned , while there were others who actually knew this is something that cannot affect Bitcoins as a whole since it is not controlled by government.
You just have to pay a little more fee now and it is not that profitable for the smaller transactions but at least you can get money in your bank account or even buy .
They banned a part of it and made it difficult for us , but still that's just because they want to bring out their own cryptocurrencies.
Topic: whats happend to india and the world (Read 607 times)
With in regards to India which I am familiar with, many people have issues accessing their bank accounts and making transfers. India is very much interested in Bitcoin. Many people now in India have smart phones and are very much willing to engage in buying bitcoin and transferring. It is just a little surprising to people there that they don't receive physical cash instead of digital means of exchange.
India is a rich country and most of them don't think of blockchain adoption because all they know is they don't need it. They would want regulation and manipulation so they don't want crypto adoption since it's decentralized.
Rich country? It is a developing country with a couple of crazy rich people who are a minority while the majority are either from the middle class or poor basically. Every country needs the blockchain tech while some accept crypto completely.The Indian government at present is basically filled with fools who are basically scared of how crypto can affect their power which is why they outright banned it.
I think they are held back by a lot more than cryptocurrency. You see if people can work and get paid crypto they might stop working for the country and rather working for other parties elsewhere in an online environment.
The fact is that the position regarding cryptocurrency in each country should be made up thanks to a strong civil society. Every government must do what its people want, and not vice versa. It turns out that the citizens of India will do everything as stated by the Indian government. Apparently the Indian society is not yet ready to use cryptocurrency, if they can not defend their right to use cryptocurrency.
Exactly! Since the people were the ones that voted them in in the first place. The problem is when personal agenda gets in the way and propganda is started and the weak fall prey to it.
I think that it is impossible to say that the government of India completely wants to give up cryptocurrency. The media states that they want not only to impose a ban on cryptocurrency, but also to impose a punishment for using cryptocurrency in India. But at the same time they want to create their own national digital Rupee, which can be used by all citizens of the state. Nevertheless, it seems to me that with this they want to create a monopoly.
India is a rich country and most of them don't think of blockchain adoption because all they know is they don't need it. They would want regulation and manipulation so they don't want crypto adoption since it's decentralized.
Rich country? It is a developing country with a couple of crazy rich people who are a minority while the majority are either from the middle class or poor basically. Every country needs the blockchain tech while some accept crypto completely.The Indian government at present is basically filled with fools who are basically scared of how crypto can affect their power which is why they outright banned it.
I guess Cryptocurrency is very popular among countries that are underdeveloped and that has many people in extreme poverty, They are truly seeking things that could let them get out from poverty, And a strengthening proof that India is fully aware on how crypto can handle their countries problem is because of this article.
https://www.gulftoday.ae/news/2019/07/05/india-among-top-5-nations-who-tweet-most-about-bitcoin
Because India belongs to the Top 5 nations that have tweeted most about Bitcoin
https://www.gulftoday.ae/news/2019/07/05/india-among-top-5-nations-who-tweet-most-about-bitcoin
Because India belongs to the Top 5 nations that have tweeted most about Bitcoin
UPDATE : It looks like India’s Prime Minister Narendra Modi made a complete 360 on his opinion on Crypto currencies at the latest G20 Summit in Osaka Japan. See : https://bitcointalksearch.org/topic/m.51701972
I think they were uncertain about the technology and how to regulate it and now after the G20 Summit, they received good guidelines with the FATF standards that was provided. India might even become one of the strongest supporters of Crypto currencies, if they apply these standards.
I think they were uncertain about the technology and how to regulate it and now after the G20 Summit, they received good guidelines with the FATF standards that was provided. India might even become one of the strongest supporters of Crypto currencies, if they apply these standards.
It feels like you're an Indian trying to figure out the situation by pretending to be from somewhere else since Bitcoin is banned in India. The thing is India is pretty positive about this ban and they don't want anything to do with it for public safety reasons which definitely makes sense cuz India is the second largest population country and there's so much responsibilities. Its honestly too complicated for me and have no idea whats gonna happen in future, Until then let's just hope for the best 
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India is really a very big country, but people live there to a greater extent beyond poverty. Apparently such a state device satisfies almost everyone. But if most of the population of India was negative about Bitcoin, but the state would not have to introduce criminal liability for the use of cryptocurrency..Slowly the people too have begun to learn and as a part it is the second largest number of smartphones using country. People have been moving towards digitized growth, this is good and the government is supportive.
Only for Cryptocurrency they have a opposite opinion and this is nothing a big thing to discuss, the prime reason is the decentralization which might make people go away from the control of government.
It feels like you're an Indian trying to figure out the situation by pretending to be from somewhere else since Bitcoin is banned in India. The thing is India is pretty positive about this ban and they don't want anything to do with it for public safety reasons which definitely makes sense cuz India is the second largest population country and there's so much responsibilities. Its honestly too complicated for me and have no idea whats gonna happen in future, Until then let's just hope for the best .
India is really a very big country, but people live there to a greater extent beyond poverty. Apparently such a state device satisfies almost everyone. But if most of the population of India was negative about Bitcoin, but the state would not have to introduce criminal liability for the use of cryptocurrency. .
Ahead of the G20 summit, India’s new finance secretary has confirmed that the report detailing the country’s crypto regulation is now ready. It will soon be submitted to the finance minister for approval. Since Arun Jaitley opted out of cabinet responsibilities, Prime Minister Narendra Modi has appointed a new finance minister. https://news.bitcoin.com/indian-cryptocurrency-regulation-ready/
You can see India like Russia. Russia is in just investor, there is no exchanger, but India is much ahead from there. Indian governor is not blocking crypto.
The G20 summit, India is presenting people with cryptography in a new way. There are trouble in almost several countries about Bitcoin, and India will continue to play pioneering role.
You can see India like Russia. Russia is in just investor, there is no exchanger, but India is much ahead from there. Indian governor is not blocking crypto.
Quote
Indian Supreme Court Postpones Crypto Case at Government's Request
https://news.bitcoin.com/indian-supreme-court-postpones-crypto-case-governments-request/The G20 summit, India is presenting people with cryptography in a new way. There are trouble in almost several countries about Bitcoin, and India will continue to play pioneering role.
It feels like you're an Indian trying to figure out the situation by pretending to be from somewhere else since Bitcoin is banned in India. The thing is India is pretty positive about this ban and they don't want anything to do with it for public safety reasons which definitely makes sense cuz India is the second largest population country and there's so much responsibilities. Its honestly too complicated for me and have no idea whats gonna happen in future, Until then let's just hope for the best .
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i heard about india and actually whats happend to cryptocoins not just india but in some other countrys too ithink that take about bitcoin a wrong idea and theres tunisia too their gouverment sayed how that use bitcoin make big toroble that how world move ifeel so sad about that
Recently, the representative of Russia also expressed the opinion that cryptocurrencies will never be officially recognized on the territory of Russia.But nevertheless, a lot of investors in cryptocurrencies are in Russia.I think that all this news is a temporary phenomenon. Cryptocurrency is the trend of the entire 21st century. It is an inevitable fact and many countries will still have to use cryptocurrency.
India may be a smart developing country. I think in an Indian country with a large population. There may be a lot of technology and thinkers there are better and will use bitcoin later. probably will grow bigger in the whole world. I think bitcoin is very beneficial for the success of life today
i heard about india and actually whats happend to cryptocoins not just india but in some other countrys too ithink that take about bitcoin a wrong idea and theres tunisia too their gouverment sayed how that use bitcoin make big toroble that how world move ifeel so sad about that
If I am not mistaken, the government of India is actually doing some serious research as to the final fate of crypto, especially Bitcoin, in their country. This has taken different twists and turns already. But even with the government pronouncing disadvantageous remarks about Bitcoin, a good number of Indians are actually having access to Bitcoin. As to Tunisia, I am not sure, but a lot of Arab countries are not really open to crypto.
i heard about india and actually whats happend to cryptocoins not just india but in some other countrys too ithink that take about bitcoin a wrong idea and theres tunisia too their gouverment sayed how that use bitcoin make big toroble that how world move ifeel so sad about that
remember to think with sharp logic , peer to peer money is come from peer to peer file sharing which mean it will eat the entire system , like file sharing it come from this idea and it will happen without any speculation and we dont need to predict the future and nothing , its just going to happen.
yet to scale peer to peer money comapre to peer to peer file sharing ,the friction in peer to peer money is much more high then peer to peer file sharing but it will over come and fast.
there will be countries that will ban crypto for sure!!!
but to stop it , its impossible.
i heard about india and actually whats happend to cryptocoins not just india but in some other countrys too ithink that take about bitcoin a wrong idea and theres tunisia too their gouverment sayed how that use bitcoin make big toroble that how world move ifeel so sad about that
India will adopt Bitcoin and government cannot help this. There are more than 1.3 Billion people with more than half living in poverty. Cryptocurrency is their only escape.
great answer mate at last somebody here know what he speak compare to all the bullshit here...
i heard about india and actually whats happend to cryptocoins not just india but in some other countrys too ithink that take about bitcoin a wrong idea and theres tunisia too their gouverment sayed how that use bitcoin make big toroble that how world move ifeel so sad about that
you need to understand that if something happen to the usd and it start to crash the richest people in the world from paper money will lose the game,
country like india and others like this are not for the people, nothing new about this, what will happen in the future is crypto peer to peer money will eat the entire system like peer to peer file sharing and the countries that ban crypto will left behind, they already in deep shit because their money dont worth nothing and the poverty is so huge and after they ban crypto they will crash, because their money dont worth nothing and if the usd start to lose power, no body and i mean no body will ever touch india money...very simple.
the richest people of india convert their money to other money like usd and euro because they know there money paper has shit value...but in the future they will left behind and crash very hard..''
SAVE THIS POST AND COME BACK IN 15-20 YEARS...
India is a rich country and most of them don't think of blockchain adoption because all they know is they don't need it. They would want regulation and manipulation so they don't want crypto adoption since it's decentralized.
india is rich country hhhhh from where you bring this bullshit and how you even speak here hhhhh
the paper money coin dont worth nothing the poverty is so fucking huge, mercy on your soul with this kind of knowledge which is based on nothing, the economy of india i shit and will be shit ask any expert economist.
how much bullshit you probably talk on a daily basis compare to what you said now.
i heard about india and actually whats happend to cryptocoins not just india but in some other countrys too ithink that take about bitcoin a wrong idea and theres tunisia too their gouverment sayed how that use bitcoin make big toroble that how world move ifeel so sad about that
Government of India is sick with their judgements and I can say this from my personal experience as I am from India. The political matters take ages to bring forward a a legal justified judgement.Implementing new laws takes ages as well excluding the monetization act. To be honest, not only India but there are many similar countries which are still lacking behind in terms of accepting cryptocurrencies as a legal tender. Regulation will still take good amount of time before being implemented in these nations.
India is the largest democracy in the world and thus the government of India is playing safely around cryptocurrency as they know the twist of this industry but yet the audience ratio in India who likes crypto and bitcoin is higher and increasing with the passing time.
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