Bitcoin Forum

Any one From India?

Is it true that Cryptos will be banned in India??

Do we have to Pay taxes to Indian Govt. For keeping Cryptos

as far as i know there are some restrictions in India regarding cryptocurrencies and there has been some "rumors" regarding bitcoin ban but there has not been any real news or any laws against it.
if you want a more accurate answer you may want to ask in Indian board here: https://bitcointalk.org/index.php?board=89.0

As far as I know, bitcoin is not yet ban in India and also not yet accepted. So they are still in the gray area as far as bitcoin and crypto is concern.

But personally, I think they will put regulations on cryptos. So it the future India would have to pay taxes specially if you convert your bitcoin to rupees.

There are also news that 2 trading exchanges in India will cease or suspend is trading because of a heavy pressure from the government.

https://news.bitcoin.com/two-indian-token-marketplaces-suspend-trading-regulatory-pressure/

Actually the ones banning these governments are the bankers, because they are threatened by the loss of customers, because investors will switch to crypto investment because in crypto the absolute advantage is taken by ourselves, and the government that understands about crypto will always support, because for the sake of economic progress its people.

No,nothing along the lines of a ban is either in the making nor has it occured yet. I think you're confusing regulatory action and banning something, as India is getting stricter and stricter with the regulations that they're imposing on bitcoin. For more info, I'd check here - https://techcrunch.com/2018/02/03/psa-no-india-hasnt-banned-bitcoin-but-its-still-talking-tough-on-crypto/

There is not any ban on Cryptocurrencies in India as of now. The Finance Minister said in his statement that Bitcoin is not a legal tender, but didn't call it illegal. The government welcomes blockchain technology in its payment gateway systems.
You do have to pay taxes on the profits you earn through Cryptos. It attracts a tax of 30%

What I read and what I understood from the budget document says tat they are not going to ban the bitcoin from India. It is just been declared that all the crypto currency are illegal tender and is responsibility of individual who is using it.

The taxes is thing which we should pay to the government willingly and if you don't pay any taxes if you are from the high tax payer list then obviously they will catch you and will cease your bitcoin in the first place. So its better to go and pay the taxes for your online earnings. Its the best move and also good thing for your credibility.

I do live in India and untill now i have not yet heard any such news. Perhaps the Indian government may apply some new rules and regulations to the cryptocurrencies but I don't think they can ban bitcoins. Even some days ago we had a seminar on cryptocurrencies in my city so hopefully the government has no intention to ban the cryptos and we all can be safe here. I am waiting for that day when each government from each respected nations legalises bitcoins and each other cryptocurrency.

I am not an Indian but I have lot of Indian friends.
No,Bitcoin will not be banned in India because already there are some steps taken by the Indian government tp regulate the bitcoin usage in their county by linking their National ID card to the exchanges.
No we don't have to pay any taxes to any governments for keeping the crypto currencies only we have to pay the taxes while buying and selling the crypto currencies.

Please do not spread any rumor about bitcoin situation in India. Your title of the thread is very misleading, you forget to add a question mark there as you have no idea about this. Now coming back to your question, no one is a astrologer here and thus cannot predict if bitcoin will be banned in India in future or not. At of today, there is no ban and a lot of people are buying and selling bitcoins in India. I am seeing that the Indian exchanges are adding more coins and this means that they are expecting crytpo to grow in Indian only.

As long as my knowledge, bitcoin is not ban in india. Only the thing is that you have to pay tax over your earning.

If India is banning  bitcoin transactions,how does a startup there enter the ICO market?This is all very new,so no one has the answer yet.

No it is not possible to ban Cryptocurrency in India.To ban cryptocurrency it is difficult and for ban they should shutdown the internet so it is rumor that it will be banned in India.

India has its largest population and most people here just live a simple life.In accordance with being involved with bitcoin people here were not as updated on this latest trend of currency.I have seen some reasons behind it in banning bitcoin maybe they won't let people educate about cryptocurrency and government also wont let people  to be involved in crypto business.

I still see some ICO born from India, and unfortunately I started to doubt their project. They make ICO easily just to earn money and this is bad.
This may be the reason why India forbids crypto when in the future this technology will be a good solution.

India's Ministry of Finance said it did not consider the virtual currency a tool of legal transactions. The authorities also mentioned that they would restrict individuals or institutions that make payments using virtual currency. "The government will not yet impose penalties for users of virtual currency, it will only limit and disable access to the use of cryptocurrences as a means of payment," said Finance Minister Arun Jaitley . However, Arun promised to adopt and develop the blockchain technology system used by the virtual currency, for use in the national financial system.

Announcement of the ban on this transaction in India makes this virtual currency exchange rate chaotic. Because the policy taken by the government is beyond the prediction of the observers. People who have a virtual currency are predicted to soon withdraw their virtual money before its value continues to fall. Not long after the announcement of the ban, Bitcoin's sales jumped by 1.5-fold. In one day, the price has dropped 10 percent. Prior to the announcement, the Government of India had given some warnings about economic, financial, legal operations, consumer protection and security-related risks from virtual currencies such as bitcoin.

I don't think there is anything definitive, it rather looks like what all governments do that they just make statements on how risky it is to use and trade cryptocurrencies, which is true

Countries will ban everything that could harm their governmental budgets...but while doing so have their hands wrist deep in the same projects they have banned, but in affiliate countries. China having offices in the US in order to market their countries tourism spots, and homemade products on YouTube is a great example.

India does not even suspect that it only makes itself worse by its prohibitions! After so much time, bitcoin does not feel lonely! a lot of countries and people have completely opened their doors to the entire crypto world! those countries that continue to resist the development of the crypto world will then greatly regret!

no crypto taxes in india, but india bans crypto. and RBI bans crypto transactions to minimize criminal and fraud. whereas electricity in India is very cheap and good to be a mining place.

in the end, many bitcoin mining companies, worried that the RBI regulations would stop its activities

I see in India there is no significant ban on bitcoin, there were also a few months ago a small part of his government gave the rules to be wise in using bitcoin and I think it still makes sense. the project activists actually grew up a lot from India it shows that there is no legitimate ban for people against bitcoin.

The OP started this topic in March and there have been numerous developments after that. I wonder why you guys are still replying.
@OP you should ask this question in Local - India section as you will find a lot of Indians over there and they will be able to answer your query better.

Yes becuase India has such a big population that the government doesn't have enough capacity to check KYC and AML issues. So this raises the different bar.

Bitcoin is not actually banned in India, Government is taking time to decide, as I think. I hope Government will soon accept in with great interest.

The Government of India will only undertake to reduce the use of these crypto assets in the funding of illegal activities or part of the payment system. Nevertheless, the Indian government is interested in the potential of blockchain, the technology that supports the virtual currency. India will not tire bitcoin and will embrace technology blockhain.

bitcoin ban on many desh I do not see any reason to ban bitcoin. India has been bitcoin banned As our Finance Minister Arun Jaitley said, "Bitcoin or any other cryptocurrency will not consider as legal tender in India" Those who are bitcoin illigal in my opinion they are brainless.

I think it is difficult to trade in India because the laws are always changing and your assets can be seized by the authorities without argument. It is better to invest in foreign exchanges or using privacy based p2p trading apps like BISQ.

when bitcoin prices fall because bitcoin issues are banned in india, now bitcoin has increased so now prohibition is no longer a matter of effect

Bitcoin officially not yet banned in india, still govt and RBI is looking at its features and watching around the world for updates as well. Based  on the bitcoin trends around the world indian govt will take decision , so government is still analyzing its pros and cons of it and also closely monitoring in money laundering part as well.

Hard to say because the rules are always changing and they just do it without too much discussions. It shouldn't matter if there is a ban, if you still want to invest in crypto currencies then use BISQ to trade privacy coins, no-one will know and you can still trade

There is no point in worrying about the prohibition of bitcoin in India, The fact is that in China it is already banned and not who does not worry. Of Course, prohibitions do not promote development, but on the other hand prohibitions increase popularity. I will wait for further development.

right now RBI hasnt told much after the rbi instruction banks to stop buisness in 3 months with buisnesses involving cryptocurrency exchanges  such as zebpay,unocoin,buyucoin,etc

We have to wait and see how this turns out.

That is a disaster for the investors from india. I think they lost so many money.

Even before I already heard about this country that poverty  is the main reasons why India has become one of the poorest country around the world.I have seen some reasons behind it in banning bitcoin maybe they won't let people educate about cryptocurrency.More and more people adopt it and if times comes that cryptocurrency would spread around the globe the government has no more source of income in an entire country.

India is one country that has good economic development in the world today, the economic growth of this country can be said to be very good compared to other developed countries. If bitcoin is indeed in the tire then this is a disadvantage, because as we all know that India has a large population. If the tire then bitcoin will lose many users, this is a loss and hopefully there is a way out so bitcoin can finally be legally accepted in India. The active role of Indian society will determine the future of bitcoin in the country.

Hope this Bad news will never become a reality!
If India take this decision it will be a nightmare to the most of people.

I am really tired of these kind of manipulative news, everyday one news is following another one. either bitcoin ban in India or in China. We all know that media, governements and central banks are trying their best to manipulate the market. just pass it away.

Theoretically, there is no ban (yet) on cryptocurrencies in India. RBI is going against it but i have e.g. an account on a private Indian bank and i can still buy on the Indian exchanges.
Off course, India is India, even importing gold has been illegal and they hate the idea of money that can flow out the country in any form so the reasoning is not wrong but for now, there is no real ban, more a practical difficulty.

The prohibition of the use of the government's virtual currency (cryptocurrency) is increasingly widespread in many countries. Now the ban comes from the Government of India.

India's Ministry of Finance said it did not regard the virtual currency as a legal transaction tool. The authorities also mentioned that they would restrict individuals or institutions that make payments using virtual currency.

It’s just false news circulating, the banks on the other hand are prohibiting their customers from using their credit cards from purchasing bitcoins and other cryptos.

no it is not. there has been no bans anywhere in the world for a very long time now. there has been small prohibitions to certain banks not people using bitcoin and cryptos.
and in India everything is still the same as before.

in other words they have not yet regulated bitcoin but it is still legal to invest in bitcoin and using it.

why India government bitcoin banned,,because the deep reason is to fight against money laundering and the funding of terrorism.
 to support this topic this is the link.
https://www.express.co.uk/finance/city/913101/Bitcoin-ban-India-news-BTC-price-crash-cryptocurrency

Atleast its not totally banned. It will be a problem for those from India members of crypto community. Its been a bout the banned but its not yet official. Hope this will not pursue since we havr friends from India that might ne affected with this matters.

It is not false. The attitude of the government of India towards crypto-currency is extremely hostile. Hundreds of thousands of users have been issued with income tax notice and some political figures have even talked about the possibility of charging Bitcoin users under treason.

 If its true,, this is another negative news for cryptoland,,but there always hope to this kind of news.. and maybe this kind of announcement, will threat of bitcoin dumping or devaluation and cause to risk.

I think India is not totally banned Its just banks and payment gateways that have been barred from allowing users to transact in cryptocurrencies.At the moment, you can still trade cryptocurrencies on any exchange of your choice.

Yes i heard from many people thats its banned but its actually not as no law has been framed till now.RBI has informed all banks from usage of cards or bank accounts for purchase of btc so that many people dont lose their money because of the volatality.I see in the future India will understand the importance of digital currencies and motivate them more to make cashless economy.

The Indian government says that they do not regard crypto as a legal tender and will try to remove payments by using coins like bitcoins.

In a meeting yesterday, Jaitley renewed India's commitment to end use of BTC and other cryptocurrencies in what he said was India's struggle against money laundering and terrorism financing.

The Indian government's decision to make the Bitcoin exchange rate slump again I hope the market will recover.

I agree with what you say ...

they dont consider it as a legal tender it means you will not be able to use crypto it is not banned from trading but you just wont be able to use the coins and it is soon going to be fixed i believe soon it is going to be removed as there are many companies who are using blockchain technology to make their transactions more secure there are 5 banks lead by INFOSYS who  are testing this block chain technology though late but at least they are doing it

Well, it is true that government is not much impressed with the usage of cryptocurrencies but I don't think that government will bring any law to ban cryptocurrencies and even if the RBI has instructed banks to stop giving services to the exchanges involved in the cryptocurrencies trade, we are still able to use/trade cryptocurrencies without any issues even using the banking channels without breaking any law so it is not banned at all.

There is no bitcoin ban hust yest and I really do think that there is some restrictions that are much more stringent than the other region and countries. There has also been a lot of chatter in regards to how there is also a plan in place to truly crack down and ban completely the cryptocurrency and bitcoin so that their country would be rid of it. But I still think there is still time and that there is still a lot that we can do to fully be able to let this country have a much closer look to bitcoin

All this is due to some outstanding issues about this prohibition, which is due to the perceived risks or ban imposed by the bank's management, since before it was banned there were several companies providing Bitcoin services in this Indian State, such as BTCXIndia, KYC, and AML, but, for reasons that are not mentioned with certainty and clearly the State of India began to ban the use of Bitcoin with the cessation of cooperation between banks with service providers Bitcoin.

I'm from India and as far as I know,i heard the news that the RBI has given three months time for bitcoin users to convert them in to fiat.May be after that time,the indian government may take steps against bitcoin users.

What it is true? ? Anyone from india who told that how much true in this news or this one is a rumour? If this one is true than its really sad news for all of this government must be make a easy way to this market it's not a good to directly ban a market but after all first thing that have to confirm it is true or not.

Already 2 months over only one month left don't know what action Indian governament is going to take against Bitcoin users and Exchanging sites. They clearly announced in parliament that they will not support for cryptocurrency but they don't know how to stop crypto users in their country so they took this decision.

Now the big question is after completion of 3 months how people can exchange crypto to fiat currency in India? any solution?

The Indian government says that they do not regard crypto as a legal tender and will try to remove payments by using coins like bitcoins.

If the digital currency finally faces a ban, it could mean a decline in sales that could lead to the sluggish price of Bitcoin.

Following solutions are possible:

1) You will have to use a website like local bitcoin and make a deal in cash locally.

2) Exchanges will come with option like PayPal payment.

At the time being it was just news, government giving a signal to banks to monitor Alt coins to prepare some homework, might possible in the future government regulate digital currency so it will be easy for banks at that time.

Secondly in the bitcoin or altcoins trade there is chance of huge profit & loss, government warns all banks & user of altcoins by banning to avoid huge losses.

Actually the ones banning these governments are the bankers, because they are threatened by the loss of customers, because investors will switch to crypto investment because in crypto the absolute advantage is taken by ourselves, and the government that understands about crypto will always support, because for the sake of economic progress its people.
And due to the fact that the government did not give tax, the government, through the bank, gave all kinds of lanes and banned it.

The first option Local bitcoins is ok but it will affect the crypto users how means if they don't have other options to sell there cryptocurrency and only one option left then automatically the buyers will decrease the value it's common in any business. when demand increases people start to use that advantage.

Second option PayPal. i think PayPal will not support any exchanges because cryptocurrency is the biggest enemy for PayPal in the market.

I don't know how true this is. I have a feeling it is just a rumour but so far it has generated a lot of fud in the past few months. India will miss out if the parliament succeeds in banning cryptocurrency and bitcoin. Very wrong of them to do this at a time when the rest of the world is considering its adoption

In India, the government decided to take control of the market and create a level playing field for Bitcoin, which has spent a lot of effort and money to standardize the money market in India. Degrees

if this real then what will happen to the new ICOs from india? i can see nowadays more and more ICOs popup from india. what a huge loss for india. im hope it will not be real. sad to hear more and more countrys banning cryptocurrency.

If the news really happens it will make a turmoil on the world of cryptocurrency but we as traders must remain patient and optimistic that coin various prices will continue to rise and provide an opportunity for them to make a profit.

With these prohibitions we can never go. It's like an activity that was designed to keep the price of Bitcoin constant. Forbidden news comes in succession. It's not nice.

 I am not an indian,  So i think Indian government do not ban bitcoin now  but the indian government says that they do not regard crypto as a legal tender and will try to remove payments by using coins like bitcoins.

Finance Minister of India said to his statement that btc and other cryptocurrencies are illegal in india.He doesn't said this ban,so it doesn't mean to stop crypto.If btc pay it's tax in due time then there are no problem use it till.

whenever i hear some country ban bitcoin, i think they do this for a purpose. you know what they purpose is :)

Furthermore, we must first understand the limits given by the government regarding the use of bitcoin in which aspect. Since most governments only forbid bitcoin to be used as a means of payment, that means bitcoin can still be used as an investment tool or commodity.

Even localbitcoins also becomes hard to use if the governments ban crypto currencies in their country and all the bank accounts will be watched carefully so if a trader sending money often to the random bank accounts then surely he will get caught.So local transaction si the only possible way for trading and it becomes very tough to make every transactions locally.But we can still access the exchanges by using TOR so what they can do?

I have heard of it. Yea it is true. India has banned bitcoin. I wish one day The Government will welcome bitcoin. The day will be near.  

I am not from Asian countries. But I had some friends in India,China.Upto to my knowledge ,bitcoin is not a illegal one.Finance Minister of India had announced bitcoin is not a legal tender. But he doesn't mentioned bitcoin is a illegal asset.This shows bitcoin is a neutral asset in India.

well i saw a piece about the rumour also about bitcoin ban in india but till date nothing has come up though there are few restrictions for the now. i believe in the days to come it will become clear whether bitcoin will be banned or not

Actually, as far as i know Bitcoin is still not ban by Indian government. Even it's not allowed yet. Maybe it's a rumor that, Bitcoin is banned in India.

It's important to note that the RBI is the one that put up the restrictions regarding regulated banks not being able to trade with essentially any crypto exchanges, or businesses that accept crypto. That is not a "bitcoin ban". The RBI has no power to prosecute individuals or businesses for using bitcoin. But they do have the power to unlicense banks if they don't comply.

You won't get taxed for keeping bitcoin, but there are rumours currently circulating about India trying to implement a 18% VAT on bitcoin.

Essentially, they are regarding bitcoin as a good. And that may result in worse tax rates for traders, in the long run. But this isn't yet in place.

I am not from India but I have heard something about this, I don't think that this is true because btc is really a currency that deserves to become the main currency in the world and I am sure that time will come and it will be as most experts expect

means the news is wrong, because the Indian government did not approve of bitcoin as a legitimate payment transaction. so in the information we also need to be careful. because everything is not necessarily true

The Indian government's decision came a few months ago, India's Ministry of Finance said it did not regard the virtual currency as a legal means of transactions. The authorities also mentioned that they would restrict individuals or institutions that make payments using virtual currency.
The Indian government's decision to make Bitcoin exchange rate back from US $ 10,214 per coin on Thursday (1/2) at 8:26 pm to US $ 9,428 per coin at 20:09 pm on the same day.

Bitcoin is nt completely banned now Indian courts are restructuring bitcoin to Gst taxes soon we will see more regulation

As far i know it is just a rumor. It is true that they are seriously thinking about it.

This is not confirmed news and they are doing many mistakes as per the news. The decision will get challenged in court as well.

I think Indian government do not ban bitcoin now, but the indian government says that they do not regard crypto as a legal tender and will try to remove payment by using coins like bitcoins.

as far i lnow it is still running but don't know what will going to happen.

India says that they do not regard crypto as a legal tender and will try to remove payments by using coins like bitcoins. If the digital currency finally faces a ban, it could mean a decline in sales that could lead to the sluggish price of Bitcoin.

Most of the negative news about bitcoin and the cryptocurrency entirely are most times rumors and FUDs spreading Lie's in other to take advantage of the market, they are out of stock and are looking for ways to cause panic in the system so that newbies will begin to rush into panic selling and they buy cheap. The government can only place some regulations on it operations but not total ban.

as i read the news from here and other link said that india has banned bitcoin just a rumors because as we can see right now there are many people from india in this forum and they still can use the bitcoin and other cryptocurrencies like a normal days

It is very impossible for bitcoin to be banned on india, the indian government knows the power of blockchain technology and bitcoin itself as their economy starts to get well when bitcoin entered their country. Maybe its just the Indian government did not approve the use of bitcoin as a main mode of payment for some transaction and does not mean to be prohibited on their country.

 If its true,, this is another negative news for cryptoland,,but there always hope to this kind of news.. and maybe this kind of announcement, will threat of bitcoin dumping or devaluation and cause to risk.

What I know is the words of Finance Minister Arun Djethaly: he will take all steps to eliminate the use of these cryptic assets to fund illegal activities. But I have not seen news of further action.  ???

Yes.Bitcoin Banned In India.

The status of cryptocurrencies still remaining a mystery in India. Actually it's neither legal nor illegal at the moment. Recently Reserve Bank of India had made a statement to banks to stop all crypto related transactions. As a result many are facing issues on converting these to Fiat now. An appeal was made against this whose final hearing is scheduled in July. Possibilities of a complete ban exists. But my opinion is it may allow crypto transactions under strict surveillance. Also I have seen some random articles mentioning taxation is coming for cryptocurrencies, which means it ll be legalized. Can't rely much on these news anyway. We should wait out few more months for an official statement I guess.

They can not Ban Any cryptocurrency in their country because it's work Worldwide It's not their Currency So Ignore news and don't panic from their.

the news is still uncertain, maybe the reason the government of India asks for taxes is too many people in india who are inves in bitcoin, be it trading or really invest. i also often meet the people of India tutorial gaming tutorial on youtube.

More and more countries are following the bitcoin banned China, and most recently India, the second largest country after china with a population of more than 1.3 billion, surely this is bad and can induce panicky Indian users to sell their bitcoins.

I know that their are not yet banned any think Cryptocurrency in india. Unfortunately more countries got banned Bitcoin. But I read in some news already their countries got him planned it can make accept.

The Indian government says that they do not regard crypto as a legal tender and will try to remove payments by using coins like bitcoins.

In a meeting yesterday, Jaitley renewed India's commitment to end use of BTC and other cryptocurrencies in what he said was India's struggle against money laundering and terrorism financing.

He said: "The government does not recognize crypto as a legal coin and will take all measures to eliminate the use of this crypto asset in funding unauthorized activities or as part of the payment system".

But he did not rule out the possibility to see more blockchain technology.

if India forbids the circulation of crypto, I think maybe they are not ready for that development yet. India should be able to accept crypto, the population of the country there is very large, certainly the potential and opportunities there is quite large.

Bitcoin is not banned in India. It is not considered a legal tender. Neither is gold. You can sell your Bitcoins to an exchange in India or a person.

Why? Bad influence on the country's economy? Well, so many countries do not accept bitcoin in everyday life, but it has already reached the ban bitcoin from the countries in which they used them.

It looks like the decision is still not clear and the administration of India supports 70% not and 30% might be. According to recent news, Arun Jaitley stressed that the Center's position was reliable that such currencies were not legal tender. Arun Jaitley told the parliament, "The administration is looking at the issue. A board of trustees under the chairmanship of secretary, branch of financial issues, is pondering over all issues identified with cryptographic forms of money to propose particular moves to be made."

It is a threat to their social caste system. Suddenly, people at the lower caste are beginning to become rich and have a voice. So the idea to ban.

I think this problem has passed, and yes India has banned bitcoin just like china. but currently bitcoin does not have a problem with it. see, bitcoin still has a great value despite several times the correction and accident occurred.

Hmmm , i don't think the problem has passed because the problem is the prohibition that the India goverment has put on Bitcoin and til the day they don't remove it, i don't think the problem is passed at all.

Today, news resources globally cover the issue of the prohibition by the Indian authorities of Bitcoin and other crypto-currencies, but India does not prohibit crypto-currencies and trade on exchanges.

Satvik Viswanath, Executive Director of Unocoin, one of India's largest and most financed Bitcoin-exchangers, said: "We did not see any changes in the government's position. We are pleased that the authorities are taking measures against the illegal use of crypto-currencies, but today there is no reason for any panic. It's a common thing in Unocoin. "

I dont think bitcoin banned in India, may be there will be risk warning by govt, and bank authorities, every country is warning to people involved in bitcoin and crypto currency, many big traders and buyers are involved in bitcoin in India, so may be some regulation in India and I dont think govt, will ban bitcoin or cyrpto currency in India because govt, getting high tax amount

India's leading Bitcoins have announced that they have not yet launched any plans to support Bitcoin Cash, which is expected to be the result of a hard drive forcibly activated by the user. That is their policy

India has banned the running of Bitcoin in India, there is no point in the concern, in fact it has already been banned in China and does not think of anyone. Of course, the issue of promotion of restrictions is still not avoided, but restrictions on the other hand increase popularity. I will wait for further development. But there are some reasons to ban bitcoin.India has banned this bitcoin, especially the bankers who have banned the movement of Bitcoin in India, not accepting its claim that India does not support Bitcoin banks.But the crypto currency is coming out because those who make the currency are the only bitcoins and the government has bitten the bitcoins.Earlier, I hope all countries support Bitcoin.

Omg really? Are you serious Bitcoin banned in India. Actually some month before I have reading about article bitcoin accept in india.then when again banned in India?I don't think so that ,I have not come to this news.

Actually the ones banning these governments are the bankers, because they are threatened by the loss of customers.

Such prohibitions can not be postponed inevitably. Future is crypto currency.

Yes that is right to say, bitcoin is already banned in my country but still its popularity is continuously increasing from time to time. Actually bitcoin is now the need of the time and with the passage of time its importance is increasing. Hope that very soon all the countries of the world will turn bitcoin as legal currency in their countries.

I agree with you , there is no such thing as banning of crypto in India, maybe the government of India wants to prevent crypto to maximize their economy, because they think that crypto is gaining much than the economy taxes.

there are no indications of prohibition of bitcoin turnover in India, no funds have been frozen, users of exchangers can continue their activities. In turn, the banks did not warn Unocoin about any changes in the work with crypto-exchanges. Nevertheless, the government of India continues to actively invade the crypto-currency industry.

I didn't hear something like this that you are sayi ng. India has not banned Bitcoin.

The Indian government is exploring whether or not to buy bitcoins with black money during the demonetization in India. In the meantime, the Finance Ministry has already issued a statement that they will not buy these Bitcoins or Cryptocurrency.

Yes there is no Cryptocurrency ban in India as of now. The Finance Minister said in a statement that Bitcoin is not a valid payment instrument, but does not call it illegal. The government welcomes Blockchain technology in its payment gateway system. You still see some ICOs born from India and unfortunately. I started to doubt their project. They make ICO easily just to earn money and this is bad. This may be the reason why India forbids cryptocurrancy when in the future this technology will be a good solution.

Exactly, not only India but also many other countries impose a ban in using bitcoin. Yep, one of the most countries that take a big ban in bitcoin is China, that period is such a crutch time of bitcoin market. I take it for granted because much bad news that is about every country’s governments is trying to ban bitcoin from using. Personally, I think that they will never put off their plan because bitcoin or cryptocurrency is a big market, which is used in various parts of the world and especially it does not belong to any manager. Even some big business  like Samsung is joining in bitcoin market, it’s a pretty good news. I hope that someday all users can have a chance for using bitcoin easily.

Base on what I read, bitcoin was not ban in India. The government accept bitcoin or allow their people to use bitcoin for trading or any transaction but there is rules for using it. And that was good, if all government in the world accept bitcoin there is a possibility that many people will have a better life with the help of bitcoin because many people have now a successful life with bitcoin.

I am not from india, but I know that is true there is a ban crypto there. Before the ban, Indian government has often issued a warnings to against crypto. It's been a month since the Indian central bank or Reserve Bank of India (RBI) has ordered banks and financial institutions under its control to stop providing crypto currency exchange services. The central bank has given watu to the bank for three months to end their relationship with crypto operators. However, since the decision, the volume of currency trading crypto in India even increased dramatically.
People rushed to take advantage of RBI's three-month window by more actively entering in market. If an investor enters this moment then the move allows the investor to convert the rupee into a crypto currency.

Agreed. This is not happening only for India and it is happening through out the world. Mostly banks and other financial institutions are using governments to ban crypto to make banks survive. There are so much of pressure from banks to governments on this and most of the banks are governed by government so they take these step of banning and considering the welfare and economic growth of people.

I didn't hear this news.
As I know India didn't banned it or accept it. they used it like new thing.

It is wrong to say that bitcoin has been banned in India .  Though Reserve Bank of India the Indian central bank instructed the banks of India not to allow their customers to buy bitcoin by debit to the accounts maintained with them. so now while purchasing bitcoin no one can buy bitcoin through his bank account.

Regret is a country that forbids anything about Bitcoin, it is not legalized in this country. This market does not exist here, but there are a lot of people in the place.

I know there bitcoin is banned, Well I do not know electronic money in India but I know that there are many people who are joining their crypto even if the government issues a cyrptocurrency ban.

I will share an article about the misconceptions with regards to this topic.

There are a lot of misconceptions regarding a recent decision by the Indian government. Various sources claim India has banned Bitcoin trading. That is not the case whatsoever. Instead, the RBI is ending its relationship between its own banks and any user or corporation dealing with cryptocurrencies. According to Unocoin, there isn’t much to be worried about. There is no ban on Bitcoin and no indication the RBI deems it an illegal currency. No funds have been frozen either, and exchange users can continue to use the platform as they always have. With no banks alerting Unocoin of any impending changes, business will resume as normal until stated otherwise.

The government in india is working on actively ragulating cryptocurrency. But we can't determine on how that will play in india. Therefore Bitcoin is not banned in the country.

if the government still imposes tax on the owner of crypto, it should be all the assets in the form of crypto legal
and should get a legal umbrella
this is unfair, if the government categorizes crypto as an illegal asset

every country's view of the btc is different. let alone btc is currently experiencing such a high decline. causing many countries to think twice before taking further action. but my view is hopefully btc it will experience an increase again, although the current state of India has banned the development of btc.

INDIA is one of those states that were quick to ban Bitcoins, and the ban has been in place for a while now, there ha been warnings concerning Bitcins befeore he ban  and they finanllydid it, its quite a loss as the population of the country could have given Bitcoin a solid market cap foundation

Although Bitcoin is approved in many countries, Bitcoin is not allowed in India. Inda's President Narendra Modi has banned the grant of Bitcoin approval.

This is absolutely right. And it seems that long time ago, Indian government wanted to completely control Bitcoin, so they banned Bitcoin. However, transactions in India are still in progress, and many Indian citizens are involved in campaigns and investments.

Bitcoin will surely go up again in the future and that is for sure because a lot of big investors are now getting into bitcoin and since the price of bitcoin is dropping it makes its market even more attractive than before because of the opportunity that it shows to the possible investors or traders since they can make money because of the volatility.

This could be only fud spreaded by some bad peoples. just ignore it.
Cryptocurrency should not be banned in every country because it is a modern technology.

There is no such news tgat states that bitcoin will be banned in india. Infact there was a recent article that states that govt will start charging taxes on trading. Uncoin exchange in india has launched "Unodax" in which we can trade witj INR too.

there is no crypto ban in India ..as i know the government in India is working on actively regulating cryptocurrency. .. anyway there are taxes for BTC .. i believe should not be banned in any country .. because it's the future

As far i know there are some restrictions regarding concurrency in India.There also some rumors spread in India about Bitcoin.There are taxes for Bitcoin. Actual information regarding this issue
https://news.bitcoin.com/two-indian-token-marketplaces-suspend-trading-regulatory-pressure/

I'm from india.Yeah it's so old news even i see a lot of people asking same question it's like spamming.BTC officially banned in india i know that surely.But people are not stopped to using BTC also i use even some few exchange are keep good job.I convert BTC to Neteller or Skrill than i cash money by bank it's simple.

I have heard that the ban on bitcoin in India. I do not know how accurate this is. But I really think that bitcoin has been banned in India, its cause or the Indian government is very tough.

Bitcoin is not banned in India  :)

Well i am a little bit confused about the bitcoin or cryptocurrency in india. I read a thread from the other day that india is taking steps to legalize bitcoin in their country and now another thread stating that bitcoin is being ban in india.

yes.I read a news about this.

I think that if such a ban does not prevent Indians from being fond of bitcoin, it is normal to pay taxes in India, and if bitcoin needs to be developed then it should be taxed in India.

I think indian government do not ban bitcoin now but the indian government says that they do not regard crypto as a legal tender and will try to remove payment by using coins like bitcoins.

The India government's understandability of the ban on encryption is understandable. They do not want bitcoin to destroy the country's economy.

Really? Cryptocurrency banned in india? Then why? I think this is the best way to earn money and help someone to sustain their family needs. Is it they dont see the importance of cryptocurrency? We can use bitcoin in terms of emergency needs.Because it it digital currency.

As far as I have heard, India canceled the ban and decided that crypto-currencies will be available inside the state, but they will be subject to new regulations

Now everyone knows that India is the place where everything is banned, BTC is not approved in this place

It seems this information is helpful :)
But if it’s true India bans bitcoin/crypto and about the tax for bitcoin/crypto holders to keep save their bitcoin/crypto, it seems the Indian government is trying earn benefit from bitcoin holders.
Even I’ve never heard if the Chinese government which had banned ICOs is taxing the bitcoin/crypto holders.

I would get worried only if USA ban Bitcoin.

Third world countries are not relevant at all.

Right, even I haven’t heard rumors that are so accurate about the government of India made the law and opposed the crypto in their country
And it’s also true for better and accurate information can be asked on the India board forum that has been provided by bitcointalk.
Maybe there will be a good news about Indian government bans bitcoin. :)

why India is exposed to bitcoin banning virus?
when India recently became a favorite of the developers of blockchain in investing projects that have the potential to shine in the future, it is very dear ,,, the Indian government also indirectly, burden the developers to develop

Wow that's a pretty huge amount figure for taxes up to 30%. It looks like the government of India will gain great tax profits from crypto if altcoin is used for payments in India. I think it’s good because the government of India accepts the cryptos without having to limit the cryptos in India.

I recently in the crypt world, but as far as I understand, there are very many programmers and experts in the crypto world from India! India is keen to actively develop in the direction of the crypto market! India, like many countries are concerned about the appearance of new ico! the emergence of these fraudulent projects, which are not controlled by anyone, very much disturb the state and many politicians! This is the main headache in the crypto market! but I am sure that the world community is already fighting with this and will soon be able to resolve this issue! that's exactly after solving this problem, very many people and countries will open their doors to the crypto market!

India is an open country. I don't think the government will launch strict prohibition against the special currency.

Banning of cryptocurrency or Bitcoin by some countries is not longer strange to us here in the crypto community. My believe is that many of those countries will have a rethinking and rearrange their plans towards crypto as most of them are just against cryptocurrency just to save the economy and citizens of their nation. Besides crypto to me has caused more good than harm as it serves as employment opportunities in today's world.

I think that is just rumors of sharks who want to subdue BTC prices at this time so they can lose more buy at low prices. There will be nothing when there is official information.

No it's not banned in India, though there is no clear stand on this by Indian government. As far as I know you can still trade on indian exchanges and deposit/withdraw funds through those exchanges. Zebpay, Koinex, BitBnS are some of the good exchanges. Yes there's some restrictions applied to them by banks and there is court case filed by crypto space people against the reserve bank of India. But it will take some time till this situation got clear in India.

Some of my friends in Mumbai are investing in bitcoin, which has little impact on India's domestic investment.

If the ban in my own Indian country,not really understand but we as hunters should remain optimistic that bitcoin will continue to experience rapid growth.To continue open opportunities in the business of making income every time and help the economy become more secure.

There is no Cryptocurrency ban in India as of now. The Finance Minister said in a statement that Bitcoin is not a legitimate means of payment, but does not call it illegal. The government welcomes Blockchain technology in its payment gateway system. You are still seeing some ICOs born from India, and unfortunately you are starting to doubt their project. They make ICO easily just to earn money and this is bad. This may be the reason why India forbids cryptocurrancy when in the future this technology will be a good solution.

i think this could be only rumour spreaded by some bad peoples. just ignore it.
Cryptocurrency is a modern technology, it should not be banned in every country.

As far i know it is just a rumor.If the digital currency finally faces a ban,The government can only place some regulations on it operations but not total ban.

It is understandable that the government may control the trading of bitcoin in the country by strengthening tax revenue, which will not limit the development of bitcoin.

Latest information from the bitcoin mayor in India is that the efforts of the Indian exchanges have scored in the eyes of the government, making lawmakers reconsider Bitcoin and the mainstream electronic money segment. India has decided to conduct market management and create a fair environment for the exchange

If India launches moderate supervision, it will be advantageous to the development of bitcoin in this country, so that more people can join the encrypted world.

In the past year we have seen a lot of Indians starting to invest in bitcoin, and in the ICO field there have been India projects, and I think the India government will not launch too much of the ban on bitcoin.

These prohibitions have no effect. I think young people in India will rush to buy bitcoins like they rush to buy gold.

India haven't ban bitcoin or accept yet.
Its a rumor maybe . india is a one of the big bitcoin user country.

Bitcoin is not as such banned in India. RBI has filed a case  against all the crypto exchanges due to which no bank is allowing these exchanges to convert crypto into rupees from 5th july.So that is why these exchanges are not able to provide any services until the next hearing which is on 18th or 20th of july. If the decision will come in the favour of these exchanges then they will start working again and if the decision will come in the favour of RBI then I don't think that people in India will be able to work with crypto as they will not be able to convert crypto into fiat and if the decison will be postponed to the next hearing then these exchanges will not be able to work until the decison.So lets wait for the next hearing.

While the government is considering the use of blockchain technology to organize records,
 it doesn’t consider cryptocurrencies as legal tender and will take all measures to eliminate their use in financing.
 India’s central bank is opposed to cryptocurrencies given that they can be a channel for money laundering and terrorist financing.

I think cryptos are not banned yet in India. but I am sure there are some pros and cons with cryptos so rumors fly. as I know there is no law to set this yet, but if the cryptos are spreading more I guess government will set the rules and laws for it

Govt. may want to regulate cryptos in India. As of now one cannot trade cryptos and we all should wait and watch.

this ban is just a temporary restriction on the part of the government, but they will not be able to keep it for long because of their desire for development because bitcoin is a new unique resource for the economy

Many speculations and so called "news"have already spreaded regarding bitcoin being banned in india but there is still no confirmation from their goverment or any law regarding it. I think its still best to ask someone who living or have been in that place since they are the ones who know the real thing there. I think there may be some restrictions regarding the use of it but still it is not totally banned.

No , its not true.It is not banned in india. Court case is still pending.But till the next hearing the banks are not allowed to entertain any request of investor of exchanging bitcoin into currency.As per news 20th July is the deciding day.On 20th July  the court will give orders and after that we can surely say that whether Bitcoin is banned in India or not.If again on 20th july the result gets postponed  than present scenario will prevail and banks will not exchange bitcoin into rupees till the further orders.

The leaders of the three leading bitcoin exchanges of India Unocoin, ZebPay and Coinsecure unanimously stated that the information that the crypto-currencies were banned in this country is false. yes, the government does not recognize bitcoin and other crypto currency legal tender and will take all necessary measures to prevent financing of illegal activities by means of crypto-currency payment systems, but representatives of the same stock exchanges report that in general the ban on crypto currency is not talking: the media simply misinterpreted the statement minister.

As far as I know, there is no ban on cryptokrunning. The Finance Minister said in his statement that Bitcoin is not a legal tender but the Government of India has declared it illegal and the government welcomes BlockKen Technology to its payment gateway systems.
You will pay taxes on earnings via the Cryptoscope, it has been assigned a 30% tax and will pay taxes on it.

What we need to note is that India's encrypted currency exchanges are increasing, which will be a good trend, which shows that some prohibitions do not prevent people from investing in bitcoins.

Bitcoin is not banned in India. It is not considered a legal tender. Neither is gold. You can sell your Bitcoins to an exchange in India or a person.

The government of India may be worried about the risks in encrypted transactions, which are considered by many governments.

"India's highest court has declined to end a ban enacted by the national central bank that bars the country's crypto exchanges from doing business with regulated financial firms".

Reference : https://www.coindesk.com/indias-supreme-court-continues-ban-on-cryptocurrency-exchanges/

I know from my friends that in India it is still relatively open to bitcoin, which is a relatively free country, and will certainly not be completely banned in the country of bitcoin.

I think Indian government do not ban bitcoin now, but the indian government says that they do not regard crypto as a legal tender and will try to remove payment by using coins like bitcoin.

As I know Still not confirmed it from the Indian government, Still under supreme court case, and not get a decision yet, It is a ban or not but there is some restriction,

Most of spread the rumours keep calm and be aware from the rumours

It is impossible for bitcoin to be completely banned in India. There are already many India IT engineers working in Silicon Valley investing in bitcoin, which is known to all.

I think that this is just the manipulation of the market. There were no official statements. Therefore, so far, everything is fine.

A total ban is impossible, but the Indian government should enact measures to limit bitcoin trading.

It may be that the country's foreign exchange will be consumed because it is very convenient to use Bitcoin, so a big country like India will be very worried about this factor.

False news i don't believe this false news, always i ignore this type of fake news. But Indian bank don't permit open trading system without permission of governments.

I have heard that already that government in India has banned the cryptocurrencies but for sure I'm not familiar with the requirements and what actually is Forbidden there,  need to know more in case if it will happen in my country also.

It is not just a country in India. I think most countries will soon begin to collect taxes on bitcoins. This is only a matter of time.

I hope that this news is not true because there are many people in India that wants to invest and trade in bitcoin. I think that we don't need to pay tax for Indian government because bitcoin is decentralized.

They don’t like Indians trading in Crypto, hence they have decided to withdraw their support from all the organisations that are dealing in crypto.

As I heard there are even Blockchain training institutes in Mumbai. So I don't think that India will ban bitcoin or Cryptocurrencies. There could be some regulations. that's very normal.

India does not have a comprehensive ban on bitcoins. There are many IT workers in India. Their acceptance of bitcoin is very high. The government of India may only have some regulatory measures for bitcoin.

Soon I'll go to India. Will I be able to use my crypto assets there, or should I be very careful?

Government has no directly ban the crypto currency in INDIA. So the case  is in supreme court , it can provide some relief and come up with some rules.There are many companies who got license from indian government for crypto trading , so they can not be easily thrown out o country.

If they took taxes to unban crypto.I'll still love to pay tax instead of getting banned..  I hope today we'll have a positive hearing from the court. just crossing  fingers

Bitcoin cannot be banned by india country.And they also want to adopt Blockchain Technology to make a successful digital India.

No bitcoin is not banned in India but they are trying to make laws regarding bitcoins. There were some rumors that bitcoin is banned in India it all spread by the Indian news channels and the news papers but reality is RBI is keeping all the people aware that bitcoin is risky and any loss will not be their responsibility but people and media took it wrongly. Government set up a committee to whether regulate it or restrict it and now it will depend on the committee's report.

Theres really no confirmation regarding the ban of bitcoin in india which means it is still a speculation. There may be some restrictions regarding its use but not really completely banned. Banning bitcoin in such country would really be a loss to them.

The vast majority of the negative news about bitcoin and the cryptographic money totally are most circumstances bits of gossip and FUDs spreading Lie's in other to exploit the market, they are out of stock and are searching for approaches to cause freeze in the framework with the goal that amateurs will start to race into freeze offering and they purchase shabby. The administration can just place a few directions on it tasks yet not add up to boycott.

Bitcoin and other cryptocurrencies transaction has been banned in India by the Supreme Court. They have banned it stating that the currency must be in physical form with the government's stamp on it.

India says it does not consider the code to be a legitimate bid and will try to remove payments using coins like bitcoin. If the digital currency finally faces the ban, it means that sales dropping can lead to slow Bitcoin prices.

This is the wrong message that many people in India use Bitcoin, which cannot be banned.

Maybe there is a huge community of bitcoin coming from India, but it does not make much sense in here, i mean, there are a lot of people from there, but most of investments are coming from other countries, so it does not affect much after all

India’s Supreme Court has upheld the central bank’s directive of prohibiting banks from offering services to the domestic cryptocurrency sector in July 20,2018. India’s Supreme Court sets September 11 date for final cryptocurrency petition hearing .Howerver, it is rumored an inter-governmental committee of multiple ministries tasked to form a framework for the cryptocurrency sector isn’t considering any outright ban of cryptocurrency trading. Instead, authorities could enforce new regulatory norms that are likely to classify cryptocurrencies as commodities.

this is a big disadvantage for India in my opinion, because with a large population may be able to utilize bitcoin well. but this may be the government's consideration of the established regulations and this may be the best for India.

Bitcoin and other cryptocurrencies transaction has been banned in India by the Supreme Court. They have banned it stating that the currency must be in physical form with the government's stamp on it.But
many people in India use Bitcoin, which one cannot be banned it.

As i've heard india central bank officially banned bitcoin and other cryptocurrencies along with they statement they say they will be launching their own fiat currency. The Central Bank says entities regulated by RBI will not be dealing with or provide services to any business or individual dealing with cryptocurrencies effective immediately due to the risk it possesses.

Bitcoins are not banned in India but they are trying to implement laws related to bitcoin. The government set up a commission whether to adjust or restrict it and now it will depend on the committee's report.

Im still don't know how the exact decision of India's governments regarding to the bitcoin. I think they still considerating the negative or the positive side if they decided to banned the bitcoin in India.

So, it seems like Bitcoin to be banned in India is not yet final, because it will still be depends on the committee's report. So there are still hope for what the country of India are planning regarding the use crypto currencies by their citizens. I hope this will not happen to other countries but a good news.

The Indian government set up a commission whether to adjust or restrict it and now it will depend on the committee's report. The government can only put a few directions into its mission but not add to the boycott.

As far as I know india's supreme court didnt banned bitcoin they just made some regulation regarding bitcoin. There is no confirmation about that. They are trying to implement laws about bitcoin

So this "rumor" is already spreading. India didnt ban bitcoin they just provide laws regarding bitcoin since some of india citizens is afraid to risk. It will now depends on the commitee's report. Any confirmation about that? lets wait until they announce something about that.

Bitcoin and other electronic money transactions have been banned by the Supreme Court in India. But many people in India use Bitcoin, they can not ban it.

India is a wealthy country as well as a great deal of investment from India. The Indian government's ban on Bitcoin is a bad thing for Crypto, which has had a negative impact on the market, causing it to fall sharply after the information was released.

It is a rumor that India has not banned Bitcoin, and the government may have issued some regulatory voices.

India and all other countries have taken an initiative to include the field of (KYC) in cryptocurrency buying and selling wallets. Meaning everything you buy and sell can be tracked. So, there is no reason for india to ban cryptocurrencies. Bitcoin can be banned because they are just a cryptocurrency.

I'm a little bit relieved that it's just a rumor, I though it was legit. Just like the other author said, there's a lot of people who use bitcoin in India, and India is a rich country, it will be bad if India ban bitcoin, if they did, it's expected that there will be a lot of falls in the market. We just need to wait it out, let's just hope that they wont.

I heard that India has banned cryptocurrency but i simplest suppose that it is only a rumour. Rumours are created by way of haters who need people to sway away from cryptocurrency. India has a totally big strategic price in terms of cryptocurrency.

India is not banning Bitcoin, and in this area the Indian government is relatively neutral, and I think it will soon loosen the ban.

Currently, they are not aware of the state of bitcoin and how to regulate it. Relaxation in the ban would occur.

yes we hope India does not prohibit the existence of bitcoin as well as other countries, which I hope all over the world will accept bitcoin and come together develop it

As far as I know you can still trade on the Indian stock exchange and deposit / withdraw funds through the exchange.Zebpay, Koinex,BitBnS are some good exchanges.Yes there are some restrictions imposed on them by banks and there are court cases filed by the crypto space people against Indian reserve banks. The Finance Minister said in a statement that bitcoin is not a legitimate means of payment,but does not call it illegal.The Government welcomes blockchain technology in its payment gateway system.You still see some ICOs born from India,and unfortunately you are starting to doubt their project.

this news is almost the same as in my country that many people are corrupt,
in my country buy and sell bitcoin in must pay 0.3% tax every time doing sale or buy transaction,
and I do not know why pay taxes,
but if the government does not prohibit buying or selling bitcoin if paying taxes,
yes I will take this tax, the most important bitcoin trade in my country is not banned by the government.

As far I know, India banned bitcoin ago, but recently they come into another decision that The Indian governments are pulling bitcoin under regulations inareAD OF BANNING. So, I can say now, Bitcoin is not banned in India and we need to wait more days to reach the actual answer.

From many sources I heard that bitcoin in India was being quashed, but as I know, this is false information. People from there still continue to work with crypto currency.

The supreme court didnt ban bitcoin it only make some regultions against bitcoin i think that government is still planning about the bitcoin use in india most of people are not aware of bitcoin but in future it will.

In India, bitcoin transactions are getting difficult day by day. India has always been an influential country in Southeast Asia and many neighboring countries adopt the same policies which India adopts. The policy decisions are always monitored closely and that's why I feel if RBI's (Reserve Bank of India) Bitcoin ban finds success, it will have a ripple effect as other countries will us this blueprint to implement cryptocurrency ban.

I think this should not bother us any longer, this is not a news any long we have been hearing this since the beginning of this year and nothing change. Just as you said above I think it will be right if the  Indian government can rethink about the banning of crypto to help there citizens how are involve in crypto.

There is no any ban on bitcoin in India only banking support services not available for crypto buy and sell and also there is no any law for taxation on gain of bitcoins but you can show it as capital gain.

I dont know how evident it is. In any case, if the india government has chosen to take control of the market of bitcoin in their nation and furthermore to make a level playing field for Bitcoin, which has spent a great deal of exertion and cash to institutionalize the currency advertise in India. No problem

Bitcoin is already well-known In India, in India, bitcoin has been done by many people, in many big countries now there are many who work in bitcoin forums, in Japan bitcoin has become a job by teenagers

I think in This time bitcoin not banned in india,  because India is a big country in the world,  many People's live here and we know many People's are work in crypto world.
So i think bitcoin is not banned in india. It is a fake news.               

This is completely right. Also, it appears that long time back Indian government needed to totally control BTC so they banned BTC. Nonetheless, transactions in India are still in advance and numerous Indian subjects are associated with battles and investments.

Hi mate, there are 2 different things here: banning cryptos, which is terrible wrong and paying taxes on profit, which is a normal thing.

However regularisation of cryptos is nit that bad because with no control, you cannot gather taxes. Taxes are necessary for country development. Without taxes, we haven't social system. Without social system, we have revolutions every few years, when poor people attacks rich. It's wrong, we have it for last 500 years. Wars, revolutions, because non social system and monarchy. If we want peace, goverments needs to give some shit to people: social system and something called democracy. People need to think, they have any impact.

If Indian SC lift the ban then it will become good for the rest of the community too because it will pump the prices.

Indian government says bitcoin is not illegal they used but it is not a legal tender so bitcoin is not ban india but tax pay most needed that indian government says

Actually it is the bankers who are proposing the government to ban Bitcoin, because they are threatened by the loss of customers, because investors will turn to crypto investment because in crypto the absolute profit is taken by ourselves, and the government that understands crypto will always support, because for the sake of economic progress his people.

its not ban its not legal tender in india

The reserve bank of India unanimously stopped banks from transacting with crypto exchanges and this decision was taken without even consulting the Indian government. Currently hearing is going on in supreme court of India between RBI and crypto exchanges. There are hopes that RBI ban will be overturned.

I think this news is very bad for the development of the cryptocurrency world later because with the prohibition of the possibility the population is afraid to invest and it has a very negative impact on their lives in the future.

I tell you that ban is fake as you can ever imagine,  banning bitcoin is like trying to ban internet,  in short it's like trying to ban the future

We at bitssa.com (http://"https://www.bitss.com") believe that India will accept Bitcoins sooner or later. In his budget speech of 2018, Indian FM Arun Jaitley rightly pointed out that "Cryptocurrency is not a legal tender" which means it is not like any other regular fiat currency which can be used for buying or selling products and services.  However, this does not mean buying cryptocurrency is illegal in India. It is just a matter of time when the Indian Government will seriously consider the option of giving legal status to Bitcoin in India. There were some real fears on account of which the RBI came out with certain guidelines against the use of bitcoins such as terror-financing, black money laundering owing to the unregulated and decentralized character of bitcoins. But, terror-financing and money laundering also happen through Hawala-channel via cash. So, bitcoin is not solely responsible.  If we consider the volatile nature of Bitcoin, imagine the kind of remittances it will generate if it was made legal in India adding to the GDP of the country. Bitcoin is a byproduct of a revolutionary technology (blockchain) which is here to stay for good. There are speculations that in the coming years Cryptocurrency will replace cash money. And we hope that is soon to happen.

As much as I know. At present there is no restriction on Bitcoin in India. Apart from this, there is nothing in the statement of the Finance Minister that the bitcoin has been banned in India. But there is news that two trading exchanges have been seized in a single state. However, there is nothing to fear about it. There may be a small problem. Now our job is to take Bitcoin forward. Bitcoin is the International Virtual currency. So long as there are Bitcoin in the market, there is nothing to worry about. You have to look at the international market.

How the country that still living behind the old concepts can accept something new? Something like new vision of money. I don't know, I don't think that they (Indian government) will.

There is no ban till now but at the same time crypto currency is not legal also, i have heard that there are some notice from Indian government because of which most of the Indian crypto traders have stopped operating and also few Indian crypto exchange have freeze their operations till the next hearing.

The Supreme court of India refused to abolish a ban laid by the Reserve Bank Of India (RBI) on making transactions via cryptocurrencies. This would censor cryptocurrencies in the country.

India is the third largest economy in Asia.

Bitcoin cannot be treated as currency under India’s existing law, It imposes that currency used as a medium of exchange must be made either from metal or exist in a physical form and needs to be stamped by the government said the RBI during the court hearing.

The court was headed by Chief Justice Dipak Misra, who said that the ban on banks and other financial institutions providing any services related to cryptocurrencies will remain implemented, Bloomberg reported. Initially, all institutions were given three months to cease such operations, effective from April 6th.

Countries such as Korea are taking steps to guarantee more procure crypto trading, while Malta had already ingrained itself as Europe’s blockchain and cryptocurrency hub which leaves India a step behind the digital platform.

According to the Director of DigiXhub ‘Nitin Jagtiani’ , One of the leading cryptocurrency and Blockchain solutions provider based in Bangalore, believes India contributes a very significant share of volume for cryptocurrency trading and ban in cryptocurrencies will allow the government to plan and implement the required regulations and laws to have a secure environment for investors and traders. Other countries have also made such steps but later have created a regulated environment to allow cryptocurrency business to safeguard the investors and traders.
https://www.digixhub.com/ (https://www.digixhub.com/)

As fair I don't know but 2018 year may month I have reading this news but I can't confirm.then one month later again I have reading one news of the Twitter account Bitcoin accept in india.best for you can called India People hope this People give you right answer.

I think the government ban the cryptocurrency in india because they also know that there is a possibility that bitcoin can make their bank disappear.

i think bitcoin yet not ban in india nd also yet not accepted

I am not from India but I know that crypto is not banned. This is just fud to be honest, The Indian Government is working on regulations as far as I know.

I think even if the government banned it, there are still a lot of ways how to bypass it and still continue buying and selling. For now let's continue what we are doing and let's also continue to monitor governments future plans.

I've never heard or seen a newspaper that India would ban bitcoin. I don't know where you got the news? please explain.
I think the people in India have been very well connected with the crypto market, we can see the number of Indians working on ICO projects.

right now bitcoin is not ban in india. but goverrment of india is consistently taking massive actions against cryptocurrency.

if you are constantly planning to cash it, then Yes, and if only for private use then I think you can come up with alternative ways

Bitcoin is decentralised crypto currency all over the world as there is no such proper authentic regulating body over the bitcoin and only those countries has the right to regulate the bitcoin activities who has legalised bitcoin in their nation as there was a notice by reserve Bank of India that crypto will be banned and in month of July they has banned crypto from India but being decentralised, owning bitcoin is still not illegal as people could use international exchanges with very ease and there are assumptions that there could be some amendments in this notice also .

Where did you get this information anyway? as far as I know the Government of Indian are not yet opened into crypto currency, in fact, their government itself are discouraging their co-citizen about in crypto currency, but not in the sense of banning crypto currency. You shouldn't believe so easily in a FUD news dude, be resourceful and search first.

hello am from india . Bitcoin not ban in india. indian bank not accept withdrawal from exchange like unocoin and zippay .

Yes, I agree with you, bitcoin is not completely banned in India. But right now in India, you can not withdrawal from Indian local exchange.

I heard so many opinions on this topic! some say its banned others say its not possible and on top of that there are so many misleading articles.

The Indian government says that they do not consider crypto as a legitimate payment instrument and will try to remove coin-based payments such as bitcoin. India's commitment to end the use of BTC and other cryptocurrency in what it says is India's struggle against money laundering and terrorism financing.
The government does not recognize crypto as a legal coin and will take all steps to eliminate the use of crypto assets in financing illegal activities or as part of a payment system.

The cryptocurrency market is experiencing a lot of volatility, especially in India.
Regulatory tightening and policy ambiguity have shaken investors' trading. However, trading in these currencies isn't banned but remains ambiguous. Hope the cryptocurrency market will soon grow back.

As per RBI guidelines Bitcoin is not Ban in India , they are working on it make some regulations. They said that we cannot accept it as currency but trading is allowed. At the moment they ask banks to discontinue their service to buy and sell crypto but we can trade.

According to me India till date has not imposed any strict ban on crypto, But according to Indian Finance minister's(Mr. Arun Jaitely) speech, he had advised to stay away from crypto. Moreover in Indian banks, notice boards are carrying a notice regarding "Be aware of Crypto" .Don't invest in crypto, increase your wealth by making a Fixed Deposit.

As far as I know the Indian government has accepted bitcoin and electronic money. This is good news for investors in India and around the world. It will help the bitcoin market to prosper and bitcoin prices will increase in the coming time.

Zebpay closed their trade function,now is only a wallet for cryptocurrencies.Mostly we wont be able to use zebpay and other centralized exchanges for cryptos.But P2P still works fine

honestly i have not read about this matter further but, i think the government of India still not making a final decision regarding to the bitcoin. In one side they haven't accept bitcoin, but also on the other side, they're warning their people about the danger of bitcoin.

I know from my friends that in India it is still relatively open to bitcoin, which is a relatively free country, and will certainly not be completely banned in the country of bitcoin

as I know that bitcoin is not fully officially accepted in India, still it's under maintenance to get some the final decision in india

Why they banned bitcoin in India  ?Is that because they do not get taxes from the people who using this when their people getting lot’s if money because it is has no taxes at all.Im just little bit curious on this Or maybe because they banned it because they are afraid of crimens using this transaction.

I don't think it will last long, and I make sure bitcoin in India in the future will start receiving payments and transactions using bitcoin because technology will always develop.