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Title: India's crypto regulation framework might be ready by September Post by: jrolivar on July 24, 2018, 09:51:32 AM India's crypto regulation framework might be ready by September It looks like India is about to see crypto crypto-rupees - according to The New Indian Express, detailed cryptocurrency guidelines are expected to be issued by September. As it was reported , stakeholders, including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and the Internet and Mobile Association of India (IAMAI), have already started to give consultations. https://s22.postimg.cc/9skv3ybnl/image.png Indias country crypto ban might be changed for good Now, the country’s government has finished drafting the regulatory framework for cryptos. An unnamed senior official from India’s Ministry of Finance informed the news outlet: “ The draft is ready, and consultation is on with all the stakeholders…before coming up with the final paper. We expect it to be ready by September.” This announcement follows the statement made in June by Subhash Garg, the Economic Affairs Secretary, claiming that this draft-law would be ready by the middle of July. Despite the delay, the framework is a great step forward for Indian crypto community, since, in April of this year, RBI declared its decision to stop providing services to individuals and businesses dealing with cryptocurrencies because of high risks. The Supreme Court’s final hearing will be held on September. Although it is not officially confirmed how cryptocurrency will be regulated, some sources indicate it will be regulated as a commodity. It is highly unlikely that cryptos will be banned altogether, and the issue here is about regulating the trade and where the money comes from. Allowing it as a commodity would allow to regulate it in the best way, said the aforementioned source. Title: Re: India's crypto regulation framework might be ready by September Post by: chanc3r on July 27, 2018, 11:02:55 PM If India allows crypto to be allowed, even in a regulated state then it would bring a revolution for the South East Asian crypto scene. Many countries that were against crypto might follow India's footsteps to either legalize or regulate cryptos because, India has been cited as on of the most developed countries in terms of tech development. Other developing countries will definitely try to become like them and grab the opportunity. No, it's about that and at least the ban from the indian central bank to the crypto will be lifted consider it has been regulated by the government and there will be a law support for the operational of cryptocurrency in india and that's the main point. Title: Re: India's crypto regulation framework might be ready by September Post by: sinachy on July 27, 2018, 11:59:17 PM I just hope and believe their decision will be in favor of crypto currency, India as a country has a huge population and legalizing cryptos in their country will be a plus to crypto space because more of them will engage into crypto trading.
Title: Re: India's crypto regulation framework might be ready by September Post by: TomJ.Lawson on July 28, 2018, 01:13:46 PM A good news indeed. I think issuing the detailed guidelines of crpto framework will help to extend the market integrity and it will also make the amount of illegal transactions less.
Title: Re: India's crypto regulation framework might be ready by September Post by: KennethDarnell on July 30, 2018, 06:29:50 AM We all know in India crypto currency is banned. But now situation will change because they may accept this market in recent time.
Title: Re: India's crypto regulation framework might be ready by September Post by: tamango on July 30, 2018, 06:33:04 AM I hope they will stop to ban crypto...India can have a big impact in crypto if the government change its mind about that.
Title: Re: India's crypto regulation framework might be ready by September Post by: GantVolnov on July 30, 2018, 06:34:56 AM India's crypto regulation framework might be ready by September It looks like India is about to see crypto crypto-rupees - according to The New Indian Express, detailed cryptocurrency guidelines are expected to be issued by September. As it was reported , stakeholders, including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and the Internet and Mobile Association of India (IAMAI), have already started to give consultations. https://s22.postimg.cc/9skv3ybnl/image.png Indias country crypto ban might be changed for good Now, the country’s government has finished drafting the regulatory framework for cryptos. An unnamed senior official from India’s Ministry of Finance informed the news outlet: “ The draft is ready, and consultation is on with all the stakeholders…before coming up with the final paper. We expect it to be ready by September.” This announcement follows the statement made in June by Subhash Garg, the Economic Affairs Secretary, claiming that this draft-law would be ready by the middle of July. Despite the delay, the framework is a great step forward for Indian crypto community, since, in April of this year, RBI declared its decision to stop providing services to individuals and businesses dealing with cryptocurrencies because of high risks. The Supreme Court’s final hearing will be held on September. Although it is not officially confirmed how cryptocurrency will be regulated, some sources indicate it will be regulated as a commodity. It is highly unlikely that cryptos will be banned altogether, and the issue here is about regulating the trade and where the money comes from. Allowing it as a commodity would allow to regulate it in the best way, said the aforementioned source. It seems to me that India, with its news, does not particularly affect the crypto currency market. If to look, then in the past when India negatively or positively spoke about this market, then there were no sharp movements. Therefore it seems to me that this news is second-rate which is important only for the citizens of India. Title: Re: India's crypto regulation framework might be ready by September Post by: jezus on July 30, 2018, 06:35:36 AM How is ban electricity shutdown?
Title: Re: India's crypto regulation framework might be ready by September Post by: virendarnagpal on July 30, 2018, 06:38:43 AM India is the sixth largest economy in the world. India is having the largest growth rate in the world. Indian Prime Minister is much much supporter of digital currency. India will not allow it's economy to remain backward in the cut throat competition era.
So India will never ban crypto. Because crypto is the future of currency. Rejecting crypto for Indian economy will mean a big halt to it's race of development. But on the other hand; India is worst affected by terror attacks by religious fundamentalists. So it will not allow crypto to be used by illegal terrorists / money launderers. So a regulation will definite be there. Title: Re: India's crypto regulation framework might be ready by September Post by: DwaneJacky on July 31, 2018, 03:01:36 AM With putting regulations on cryptocurrency, RBI will be unbanning the cryptocurrency. I think it's a great news. Previously RBI had totally banned cryptocurrency . But recent declaration of Supreme Court stated that cryptocurrency will be legalised in India by putting some regulations. The framework of the regulation might be ready by this September 2018.
Title: Re: India's crypto regulation framework might be ready by September Post by: hxtop on July 31, 2018, 03:10:28 AM News from India about the future of cryptography regulation is follows with interested by crypto investors. Making regulations on cryptocurrency, Indian citizens will be able to invest comfortably.
Title: Re: India's crypto regulation framework might be ready by September Post by: JohnDcosta on July 31, 2018, 05:18:51 AM This is the time for the Indians to rejoice after countless and endless fights, they have finally lifted the ban on the crypto from entering the Indian market. This will be a great opportunity for the Indians to improve their economic conditions.
Title: Re: India's crypto regulation framework might be ready by September Post by: dollurs on July 31, 2018, 05:22:55 AM It will be a good news if it comes in favor of crypto. Because there are lots of people in India who are using crypto already. Also that will be a green signal about the future of the crypto.
Title: Re: India's crypto regulation framework might be ready by September Post by: Vit83 on July 31, 2018, 05:32:40 AM IMHO India will have very strict rules. As I know they have problems even with cash in large bills. They have very active fight with money laundering.
Title: Re: India's crypto regulation framework might be ready by September Post by: Gromx on July 31, 2018, 05:41:55 AM I doubt that this will greatly affect the course of the entire market.The crypto-currency market is not so sensitive to the news as before.
Title: Re: India's crypto regulation framework might be ready by September Post by: RalphNorman on August 01, 2018, 02:12:23 AM India initiating crypto currency and digitalization of it is really a positive note for the whole of South East Asia. India being one of the influencial points of Asia subcontinent, will definitely increase the chances of nearby countries to legalize digital currency in their country too. This only brings postivity as a whole for the crypto community.
Title: Re: India's crypto regulation framework might be ready by September Post by: jrolivar on August 01, 2018, 07:04:04 AM If India allows crypto to be allowed, even in a regulated state then it would bring a revolution for the South East Asian crypto scene. Many countries that were against crypto might follow India's footsteps to either legalize or regulate cryptos because, India has been cited as on of the most developed countries in terms of tech development. Other developing countries will definitely try to become like them and grab the opportunity. Some banks do not accept crypto or bitcoin as in the Philippines do not accept the crypto, because they know they are losing money when there is no investment in the bank, you know how much money you can earn in the bank if you place the money they avoided competing Title: Re: India's crypto regulation framework might be ready by September Post by: jrolivar on August 01, 2018, 07:07:44 AM I just hope and believe their decision will be in favor of crypto currency, India as a country has a huge population and legalizing cryptos in their country will be a plus to crypto space because more of them will engage into crypto trading. Do you think the country mentioned in the event that they will allow and increase the bitcoin or other crypto? Title: Re: India's crypto regulation framework might be ready by September Post by: ShawnJessie on August 01, 2018, 07:13:09 AM India imposing crypto framework and regulations is a really great news for the crypto community of South East Asia. India being one the powerhouses of Asia might inspire other countries' governments who were against cryptocurrency. In future, we may see the small countries stepping up either by legalizing or imposing regulations on cryptos.
Title: Re: India's crypto regulation framework might be ready by September Post by: Hudora on August 07, 2018, 07:12:19 PM India is indeed of great importance to cryptography worldwide. It seems to me that this will significantly change the world of cryptocurrencies and the market may become green
Title: Re: India's crypto regulation framework might be ready by September Post by: jayendo on August 08, 2018, 05:54:35 AM India has always been more advanced in the field of cryptocurrencies and ICO developers there is much more than in any other country. (by the way I was in India last summer, I really liked it)
Title: Re: India's crypto regulation framework might be ready by September Post by: bayarau on August 08, 2018, 06:42:40 AM For low-income people of India, the introduction of crypto currency will significantly raise their living standards. But India will not change the opinion of most countries regarding crypto currency, even if it officially legalizes the crypto currency in its economy. A much greater impact on the crypto market will be provided by the countries of the Asian region: China, Korea, Singapore, where a very large number of people are engaged in the crypto industry.
Title: Re: India's crypto regulation framework might be ready by September Post by: Jpt on August 08, 2018, 06:56:32 AM I think it is good news for investors and crypto enthusiasts. Something is better than nothing, and regulation is better than ban when it comes to cryptocurrency. Not only India, many countries are considering regulations for cryptocurrency at present. I think regulations will ultimately further strengthen and stabilize it.
Title: Re: India's crypto regulation framework might be ready by September Post by: moepaing on August 16, 2018, 06:36:46 AM I am the supporter of crypto's independence and total spreading and frames could make problems for its future development and increasing in common.
Title: Re: India's crypto regulation framework might be ready by September Post by: Nalbo on August 16, 2018, 06:41:32 AM I am the supporter of crypto's independence and total spreading and frames could make problems for its future development and increasing in common. Too much freedom can allow you to infringe on the freedom of another person. And the same can be said for all the scams, money laundering, ransoms and illegal buy and sell with crypto. If we want to crypto to stay, we should let it be regulated by authorities. Title: Re: India's crypto regulation framework might be ready by September Post by: Iyeman on August 16, 2018, 06:41:36 AM For low-income people of India, the introduction of crypto currency will significantly raise their living standards. But India will not change the opinion of most countries regarding crypto currency, even if it officially legalizes the crypto currency in its economy. A much greater impact on the crypto market will be provided by the countries of the Asian region: China, Korea, Singapore, where a very large number of people are engaged in the crypto industry. Cryptocurrency is not a magic, not a get rich quick scheme, it's simply a money, a digitalised money with the benefits of wealth transferring without limit. I really think that you get the idea about bitcoin wrong from the first time you entered cryptocurrency and still is. Just want to help you to know better about crypto, it's always good to seek what's the real meaning of cryptocurrency.Title: Re: India's crypto regulation framework might be ready by September Post by: kritiana008 on August 24, 2018, 06:27:20 AM I am sure that crypto will die if it has some frames, it is too independent system and it is not necessary to make frames for this one, its speed of development will has been decreased and it will let a lot of losses like money, volumes, value and so on.
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