Topic: Will Bitcoin will be declare as legal or not ? - page 15. (Read 7369 times)
When government is ready to take a decision, no one will force them and I would suggest preempting their decision line is not the best as this would lead to unnecessary speculation which is going to further worsen the volatility issues surrounding bitcoin at the moment. All I know is one of the major factor that will influence government decision is that tax that will be generated and how it will be done by the exchange site. The moment this has been achieved every other thing will fall in line.
Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users
How can you say , may be in next two year , lol .today is 31 may and this is last day to suggestions for the government of India .
I don't think we would see Bitcoin being declare as legal during this couple of years, maybe it can happen in the future
no brother , it will get ban or illegal in the same year , because the ransomeware attack made the attention fully , you can see at the mygov.in about the petition .If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.
Yes , totally true , This will be the solution for use .Because at the one side we can't exit from the Bitcoin but also at the second side we have the responsibility to not to violate the law of taxation , so regulation is better option and then we will be able to use Bitcoin legally .
If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.
I think if bitcoin is managed by the government will certainly change all rules that have become bitcoin performance system, of course function of bitcoin freedom will be eroded by new regulations that may be applied by government
Because if it get legalised or even get regulated then still we can use Bitcoin for the trading as well as for payment worldwide .
If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.
I think if bitcoin is managed by the government will certainly change all rules that have become bitcoin performance system, of course function of bitcoin freedom will be eroded by new regulations that may be applied by government
If the government is against the black money the easier solution is to regulate BTC, because if they ban it, people will continue using Bitcoins and government won't have control over it, regulating can make things easier to manage for the government, what doesn't mean it will be better for ordinary people using Bitcoin for honest purposes.
I don't think we would see Bitcoin being declare as legal during this couple of years, maybe it can happen in the future
Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users
Here I am confused whether the Indian government want to declare the Bitcoin legal or not ?.
Here are the proof that they will declare it as legal
1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.
Here are the chances to declare it illegal , due to following conclusions
1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .
Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin at www.mygov.in resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .
If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in
note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .
Here are the proof that they will declare it as legal
1) Why government of India asking to the public for the suggestion whether to regulate , ban , or just leave it as is currently .
2) Why government taking action against the zebpay , whether everyone paying tax or not .
3) If government want to ban , then why they are waiting , why they are not directly declare the Bitcoin as illegal way of payment or asset .
4) Why government want make tax from the Bitcoin earner , but don't want declare it as legal .
5) The big bank in India SBI want to use technology of blockchain but still they are not supporting Bitcoin.
Here are the chances to declare it illegal , due to following conclusions
1) They already banned in the year 2010 , but after they unbanned , so chances to ban it again are much possible .
2) If the government of India can stop the use of old currencies , without any prior notice , then it is possible that they can ban easily the Bitcoin .
3) Since most of the millionaires are in the favour of the Bitcoin but still few celebrities are against the use of the Bitcoin .
4) The current government ruling India is against the black money , so may be possible that with the name of the black money they can ban it ( regardless of the factor that every transactions are publicly open for everyone to see ) .
Well here I would like to suggest everyone , whether he is Indian or not , just support Bitcoin at www.mygov.in resister your account and say about the Bitcoin .
And tell them that Bitcoin is a best option to destroy the system of the black money , because everything is open to see .
If you have still any suggestion then feel free to share below about this thread and also I requested to you to support Bitcoin at www.mygov.in
note : we have time until 31 may to give our suggestion , so be fast to support Bitcoin .
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