Bitcoin Forum

To start with,my local newspaper is so local that it doesn't cover half of the news happening throughout the country.Boy,I'm sure they were astounded by bitcoins beauty that they actually cared to write about it!

I'm not going to translate the entire article because there is nothing new that we need to know.Basically,it states how demonization in India has given "good days" for bitcoins.And there is a chance Indian Government may legally approve the use of bitcoins in India!

The actual article : https://i.imgur.com/5aBVPsS.jpg

obviously cant understand the article but any news in India at the minute must be good news.  Bitcoin should be catching on like wild fire over there at the minute. Thanks for sharing

Hahaha the language was not one that we all would know. Thanks for the translation buddy. This news has been one of the key factors to the rise and it's good for us that bitcoin has taken up a leap of faith. I am very happy that bitcoin is rising, and considering India is a huge country, if even 50% population start using it, bam it's shoot up the btc like anything. But op you did misguided us, use better translation next time.

But modi government may limit the trade volume in Indian bitcoin trading platform rather than approving it as legal currency. I have heard that he have also limited amount of gold anyone can have but as they can't find out how much a person is holding in bitcoin they may try to get all of the personal information regarding every client of local trading platforms in India. And may take action against the one who have bought heavy amount of bitcoin in past...

However demonetization seems to have some effect in the recent pump which i think was started after the demonetization in India.

Modi would definitely hate bitcoins as he already hates gold and doesn't want people to even own over 200gm of gold. Bitcoin is a far fetched thing for him as it's considered black money and many online wallets too say it's an illegal currency. Recently, Citrus told me how they look down upon BTC and if it's legalized, there couldn't be a better way for me to give it back to them.

I have even seen some Indian news channel talking about bitcoin as new type of currency and may become world currency in future replacing fiat. Which is quite unbelievable to hear from a news channel. That sound more like promoting bitcoin but who cares atleast this types of news creating more awareness regarding bitcoin to people which may ultimately boost adoption level.

That's actually pretty cool, I wasn't sure what language that was at first, but considering that it's Indian and there has been a lot of news coming out of India related to their economic woes, it seems every increasingly like there might be some big news coming out of India related to Bitcoin pretty soon. I for one am excited to see where this goes.

That's amazing news! But what's more amazing to me is that you can actually read that. It looks like the scratchings I would expect to see on the side of an alien spacecraft. LOL

if i was you i would look at who wrote the story and utilise that person.

start a local meetup for bitcoiners in your area. maybe as just a social discussion at a cheap cafe/bar/pub to start with. and get the writer to make a story about it.
while socialising, let the group that turn up due to the story start brainstorming how to involve your local community more in bitcoin.
get them to make a short list of regular stores they visit alot and make that the hotlist of stores to prioritise adopting bitcoin so you can all use bitcoin locally regularly.

also use the meetup to do face to face trading. or business networking(startups/partnerships/concepts/idea's).
use the momentum to keep growing bitcoin in your area. learn as much as you can about bitcoin and then teach it to others.

dont just treat the article in the OP as a 2 minute of fame for your town and forget about it. use the article writer as a stepping stone to help you do something productive as its obvious the article writer has an interest in bitcoin, so utilise that interest

Must be one or some guys from this newspaper are making bitcoins and it's good underworking to him in your little city. So that person decided to tell people about bitcoin to provoke them to make some nice money with bitcoin.

There had been tons of indians using btc since time though. I have been to different webmasters forum and saw the rest of them discussing and exchanging with perfect money and the rest.  Sure they like BTC for they don't have to pay terrible amounts to middlemen.

I saw india good news about bitcoin on forbes: http://www.forbes.com/sites/krnkashyap/2016/12/22/indias-demonetization-is-causing-bitcoin-to-surge-inside-the-country/
I don't know why india government have planned to ban on the importation of gold. Besides that they have plan to start regulate bitcoin, it's like replaced gold to bitcoin ???

There's nothing new in here when we talk about demonetization, as the days it started gave a boost in the prices of bitcoins which made people a profit of more than 30% per Bitcoins that were sold with such increments than the actual International market rates. This is catching lots of eyes' attention and will surely wake up the government soon, and I don't think they will ever give it acceptance because they won't be able to trace and that's their disadvantage here.

I am quite skeptical when I read a small local newspaper something which is very good to be really true. I believe that journalist is optimistic or he wants to please his readers. It is too early and shows like the Indian government was defeated by bitcoin if she admits something like that. I urge you to read the article of Forbes where the Reserve Bank of India notes that "....distributed ledgers will be monitored and regulatory framework, as required,...." http://www.forbes.com/sites/krnkashyap/2016/12/22/indias-demonetization-is-causing-bitcoin-to-surge-inside-the-country/#7c107291738a. This statement is very different with the principles that bitcoin advocates.

Good to see that bitcoin is getting much recognition but this local news paper sources seems to be local and unreliable.
There is no question of Indian government going to legalize it as it will become save heaven for people to store their black money which Indian government is trying to fight with demonetization

It's not that surprising that even local newspapers are featuring Bitcoin now that its fiat price is steeply rising. Journalists simply like to write sensationalist stories without doing much research, because these are low effort and generally well digested by their audience.

And for India, given its ongoing war against cash, there's significant real world relevance of Bitcoin as well.

Ridiculous as always is the alleged behavior of the government: Approving something that is already used and outside of its control. :D

ya.ya.yo!

I have seen many news and articles in Hindi newspapers but what is surprising here is too see a regional language (perhaps Gujarati) publishing article about bitcoin.
This will help spread bitcoin in rural India as well

Yeah it seems bitcoin is again gaining some impulse, governments seem to be on a crusade to obtain every single penny they can out of their citizens and it seems they are shocked the people have started to defend themselves against their tyranny.

...

I wrote an article for our local paper (town/suburb in the USA of about 9000 people).  Only a few people that I know even noticed.  The Editor of the paper had a hard time even trying to just understand what I wrote, I kept it very simple.

There is no retail business in town that I know of here that accepts BTC, and apparently very few who dabble in BTC as I presume some reader who did would have contacted me.

Bitcoin being next big topic in India is an amazing promotion.

If even minor local newspapers are writing about bitcoin in India then it is obvious that general stance towards bitcoin is very positive.
Maybe this article was caused by this news - Largest Indian News Network: Bitcoin Will Reach US $10,000?

https://cointelegraph.com/news/largest-indian-news-network-bitcoin-will-reach-us10000 (https://cointelegraph.com/news/largest-indian-news-network-bitcoin-will-reach-us10000)

Bitcoin development in India is indeed good, many developers from India is very serious about developing bitcoin. Bitcoin ATM in india also have been many, surely this could push the government to immediately legalize bitcoin.

many indians are  good in programming and IT so it's no surprise they've become early adopters of bitcoin  :)

अरे वा.. लई भारी..!! Fortunately, I can read and understand entire article as I have the same native language. It’s superb to see that the media is showing  interest in bitcoin but we shouldn’t leave the responsibility of awareness on media as they are just breaking news greedy organizations (not everyone but most of them) and hence we should take responsibility on individual level and build awareness through our blogs, social media, discussion with friends, etc.

it is great to see bitcoin being noticed finally in other countries too even if it is on a small scale. i wish i see some articles and some more people interested in bitcoin in my country.

p.s. i liked what franky1 suggested. you shouldn't let this article just be another article in the newspaper that you throw away, set up a meeting and try to come up with ways to spread the news about bitcoin more. you may even be able to start a profitable business and be the first one in your country.

Local newspapers deliver local news.That`s why it isn`t covering the news happening throughout the country.

Are bitcoins banned in India?This is sad.

Bitcoin needs India and India needs bitcoin. ;)

bitcoin fee's need to drop first then india would be more interested.
so far its only western countries that love bitcoin because they see the fee's as less than a minute of minimum wage labour or 1% of a loaf of bread.
yet developing countries see the tx fee's as valued at alot more than just a few minutes labour and alot more than a slice of bread

Yeah with that may be your government potentially legally approve the use of bitcoins in your country. Or in my point of view at least this newspaper will make a citizens put an interesting on bitcoin. A good start for promoting bitcoin to local people in a country.

Yes government might approve bitcoin and make it legal but I think there should be more efforts to be made on individual level in order to en cash the golden opportunities like demonetization. I believe that in next 5 years, India will have significant amount of bitcoin users than any other country (except china, usa). If we can work something and reduce transaction fees than I am damn sure that people will prefer bitcoin over fiat in coming decade.

The sad thing is that the Government of India is still not thinking about Bitcoin as a currency. The Reserve Bank of India still has to regulate Bitcoins in order to get some official recognition to Bitcoins. It is the future of money and needs to be recognized by governments as early as possible.

no no no

the best thing is for the government to do nothing and not get involved in bitcoin.
just leave it free and open for people to do what they like.

EG indian government dont care about people growing garden plants in their own garden.. but as soon as you grow rice. suddenly you have the government breathing down your neck.

this is not because garden plants are legalised and regulated and rice is illegal.. its that rice is regulated and garden plants have NOT been classified, touched, cared about, or regulated so free to do anything with.

thus by doing nothing to classify bitcoin means people are free to do as they please.
yes india should regulate businesses that want to profit from FIAT trading. and tax people when they convert to fiat.. but going for bitcoin directly is silly and foolish

I am not referring that Indian government should make it the official currency or interfere in the Bitcoin transaction. Am talking about the recognition.
As far as I have understood the government banned the old currency notes to curb the Black money from the tax evaders. And now Bitcoin have become a way for those cheaters to convert their black money into.
The thing is if any government would find something like this, then they will not be bothered about the value of the Bitcoin, rather they will just ban it, which is not good for most of the good people who use Bitcoins.

the government OWN their fiat. so they can ban THEIR OWN old currency.
but by governments getting involved in bitcoin they then become controllers of it.

best thing to do is leave bitcoin as it is and just make laws around their fiat.

it's really great that in India bitcoin is becoming one of the topic on some newspaper . I didn't understand those words that are written in the newspaper but at least I've seen that Logo of bitcoin ;D I don't know if it's also being a topic on some newspaper here in my country as I am not actually reading a newspaper .


yes, they are not just good in IT or Programming I guess they are also good in Engineering and that's what makes me think of migrating to India and transfer to one of their good University. lol ;D by the way you are right maybe it's the main reason why they have become one of the early adopters of bitcoin .

You may not be knowing Franky1, but India is a crazy place for online users.
They banned many Porn sites when there were some Rape cases got widely publicized. Although there were rape cases found from long time and more than 75% of the time it won't even reach a Police station.
They banned many torrent sites when the "Bollywood" movies got leaked before their release and most of the people downloaded them from torrents. Where the real fact was the films were leaked from Censor board, which is a govt body.

I guess you know what am pointing at. The BTC community needs India. It is a big market for anything which is new and valuable.  :)

i know what your trying to say. but right now.. india doesnt by default treat everything as illegal until they say yes..
bitcoin doesnt need indian government to say yes to make bitcoin legal.. bitcoin is already legal by default.

what should not happen is for india to get a grasp of bitcoin because to get control. they have to first rule it out and then they get to play around with exceptions, licences, allowances, and other things..

so logically its better to not rule it out in the first place to then play around with licences, but instead get india to strengthen the FIAT edges into and out of bitcoin. by requiring FIAT touching exchanges to require consumer protection insurance. and tax filings. rather then trying to go for bitcoin itself

in other words dont tax bitcoin.. just tax people when they withdraw fiat

Im not sure if bitcoins will be approved in India since there are already news broadcasted in the television in India as well as it was being posted here in this forum. The news calls Bitcoin "a scam money" and made a detailed information on how illegal activities were being done using bitcoin. Drug trades and other illegal trades in the black market are being done in secret and out of the eyes of the government due to this anonymousity feauture of bitcoin. Therefore that local newspaper may have a good news but the approval of bitcoins will undergo many debates since a bad publication in the televisions were already made and it has probably affected the views and opinions of many citizens and lawmakers.

I don't think the government will legalize bitcoin, because there are so many controversial that can happened if bitcoin being legalize, the first one will be money laundry, the best thing is the government take care its own fiat and let the bitcoin user used the currency freely, everything will be messy if the government interfere in bitcoin

Thanks for sharing this OP, it's great to see & I hope it can attract new investors from your area into bitcoin. Even if it's only a handful, every little counts.

There are many languages spoken in India in particular local areas I also can't under stand the full article but yes I can understand many words and can understand what is the article saying. Btw there are many article printed in my local area news paper about Bitcoin.

Another thing India does not need to make Bitcoin legal because Bitcoin is not illegal in India there many Bitcoin exchanges in India. 

India has more than 1B people living there but more than half are too poor to contribute anything to bitcoin but still a few hundreds of millions are something. which countries are not allowing it's people to use bitcoins? because I think governments around the world wouldn't even mention bitcoin to avoid their people to know about it in the first place.

I think he started to pay attention to the bitcoin once considered dead. I feel this is due to price increases bitcoin fairly fast, and can be said to be high. I think this will be describing the effect is very meaningful to the people who read the news. maybe they will start to think, that the coin is not a scam, and bitcoin could be a second source of income.

We think 50% Indians are poor but this is not reality, Indians have money but we can say 50% people are not educated they do not trust on new investment schemes or opportunities. India will adopt Bitcoin as soon as more people become educated and more people start to use internet. 

That is already in process. The people who exchange their money from the local exchange websites/applications like Zebpay or Unocoin have to pay taxes in fiat.
Hope Indian govt won't do anything bad to bitcoin society in their black money curbing actions.  :)

Thanks a lot for your inputs. I've read each post and like the fact people are actually taking this positively.For the negative replies,I can't really do much.

What is your definition of contributing to bitcoin ? Where are you getting your statistics from ? 50% of Indians are poor? We just crossed British Economy like 4 days back.

Again,50% of Indians are not poor.You guys really need to look at your GDP.For once,check bitcoin trading volume in India at localbitcoins.

That's great! I was also seen an article in an english newspaper and inclined myself towards bitcoin few years back where they had published few bitcoiners story. Great to see India is thinking about bitcoin. But again too much popularity through newspaper is not good though as it may draw unwanted attention from enforcement agencies.

But overall it is a positive news.

I still don't understand how things are going there in India. The only thing I've seen on the news is that the government has banned the higher denomination fiat to prevent hoarding. I suppose they'd try to limit the use of bitcoins as well. Still, I'm hoping for the better. If bitcoin goes big in India it could be a start of increased global adoption for India is definitely not an isolated country. Hopefully it becomes accepted there and that Indians would start building mines in the near future. There are plenty of people here in the forums feeling queasy that the Chinese are heavily involved in mining the crypto. Give them a run for their money! Go Indians!  ;D ;D

I'm always happy when I see things like this! I remember that some months ago here in Italy we had a documentary on the national TV that in part talked about the bitcoin, I was super excited! Anything that spreads knowledge about the "cryptocurrency world" is well accepted.