Bitcoin Forum

Today i read an article ICICI bank in India accept bitcoin.

can you just give us source ?

 (bitcoin mean P2P or No bank ) so how bank accept it ???

it is better to say blockchain technology

i think mate this news are for excahange converting bitcoin into fiat money if i'm not wrong, but there's nothing possible this good news from our mate one of the bank in india accepting bitcoin directly, but ofcourse i agree with you everytime have an good news for bitcoin or bad news need to give an proof link to verify of the people this true or not.

I don't think ICICI is accepting bitcoins. Both Zebpay and Unocoin (Indian Wallets) now don't have ICICI available for deposits or purchsing bitcoin directly.

That can be good news for many based in India and who have the desire to get into the Bitcoin bandwagon. When you say accept Bitcoin am assuming that you can sell and buy the coin in the bank which can spell convenience and trust for the buyers and sellers. Anyway, am hoping that India would finalize its decision on Bitcoin and cryptocurrency and I am hoping that it will recognize the cryptocurrency by introducing the regulatory framework needed. India is representing a very huge market and this is what I preferred over China.

I am a long term account holder of ICICI Bank. I am absolutely clueless about this news. I didn't read any such article that they are accepting bitcoin or planned for any crypto related activities. I am also subscribed to their mailing list and I receive every update they share with the community. I didn't receive any such update. You mentioned about an article, can you please share a link fo that article or post a screenshot? Because if it happens, it will bring a very positive news to the crypto community of India. But before we start celebrating this news, we need to understand the authenticity of this news.

How can a bank accept bitcoins when it isn't legal in India. Also can you provide source of your saying. Also how will they manage bitcoins??

Yes even I had surf about this. Their is no view of such thing will happened. Which means it is not a official announcement came from ICICI .Even I had get through the entire details from ICICI official page,it's not at clear details from it.If you have any proof for this means,show it to us.Don't talk as it is,with out knowledge.
I had one question for you..
Whether you want to make it accepted or you sharing the information about acceptance??

You'd need to provide some sources for that because last I remember India was saying that they didn't want anything to do with Bitcoin, and a bank accepting it would definitely be something that would be unexpected considering the political climate. I'll be honest and say that I don't believe that they're actively accepting Bitcoin, but they're considering it as an option for the future. They'd be losing a lot of money off of Bitcoin right now if they were accepting it, and this recent market trend might make them change their minds.

Oh really it's a good news but we need to confirm news, please give your news source

You should have provided your prove for this information,but if this information is true than it is a great news for investors in india

Is your information true true, why do not you put proof of your article here let everyone can read it.
I'm a little hesitant about what you say, because I have read the official website of ICICI bank and sorry there is no statement that ICICI bank received bitcoin.
it looks like you read the wrong article, you have to check it again.

I dont think this is true, I have many friends studying and investing in crypto right now and none of them seem to have even heard of this.

Are you kidding? because if ICICI bank which India's second largest bank would have started accepting bitcoins are new channels would have flourished with this news. Indian media is giving their claims against bitcoin and suddenly ICICI to accept it really doesn't makes any sense and that also when RBI is clearly stating Bitcoin as not legal. Its absolutely rubbish.

My friend has the account with ICICI bank and as of now, the bank has nothing to do with Bitcoin, to be honest. However, the news is true that they are working on blockchain technology in order to make their internal infrastructure more efficient and cheaper than that of the current one.

* ICICI Bank executes India’s first banking transactions on blockchain in partnership with Emirates NBD (https://www.icicibank.com/aboutus/article.page?identifier=news-icici-bank-executes-indias-first-banking-transactions-on-blockchain-in-partnership-with-emirates-nbd-20161210162515562)

can you give us any reference ? how its possible !!

I am happy to hear it, and I also want to say that Indonesia is the next country that will become the biggest market for crypto.
hopefully in 2018 the Central Bank in Indonesia will make good rules for bitcoin. and we want to like them in India. :D

If you want to provide good news and great then you should also include where your link read the article, at least everyone read it correctly on this thread

i think it's good idea, because bitcoin will be expensive
Good luck Bitcoin in the world :)

If this news has been confirmed, then this will be an important message for the entire encryption Monetary Community, India is one of the important sectors, here are the world's best IT engineer, has a large population, it is very suitable for the development of block chain technology.

The government has not given approval in Bitcoin India.  Some traders have got recognition. I have to admit the rules of the government by bank, I think ICICI Bank can not accept Bitcoin.

Fake news and stop following such shitty news channel which publish fake news without verifying facts.And some newbies mislead in such scenario of fake news and start buying or selling their crypto-assets. So try to double check such a news before coming to action.

I don't think ICICI is accepting bitcoins either. It would be very weird

I never heard of this bank, so I don't think it will influence BTC in any way..

Please don't mislead the community.First learn the difference between bitcoin and blockchain.Most banks have shown interest in adopting blockchain and not bitcoin as they consider it as their main rival.Same is the case with ICICI bank india as it has only decided to adopt blockchain technology.In future too,banks may accept bitcoins but not directly and through third party companies only due to market pressure.

I really don't know that icici bank accept Bitcoin. The  government has not given approval in Bitcoin India.  Some traders have got recognition. I have to admit the rules of the government by bank, I think ICICI Bank can not accept Bitcoin.

It’s a very big achievement by bitcoin because bitcoin first enter to India and the after some time Indian high court give an order to regulate bitcoin because India is a very big country and its trade market is also very big but it’s also a fact that still in some states of India there is a poverty and thousands of people are jobless so bitcoin really play a role in economy of India that’s why Indian bank ICICI start accepting bitcoin and in future more banks will join bitcoin.

India has one of if not the fasting growing/appreciating currencies in the world. It wouldn’t surprise me if they are very quick to integrate bitcoin into some sort of payment system.

Is that Bank popular? I haven't heard about that Bank till now, I guess that it's a good thing that they are adapting to newer tech though...

Yesterday income tax department of India issued notices to 4 lack+ investors from various bitcoin mobile wallet users. Reserve bank of india warned Indian citizens not to invest or trade in bitcoin currency. According to them it is risky to invest or trade in any cryptocurrency. I such circumstances no bank would dear to accept bitcoins. If they did strict action will be taken against by Reserve Bank Of India.