Bitcoin Forum

India only issue a statement that she is cracking down on cryptocurrency that are used for illicit transaction. India never plan to ban bitcoin according to the country's finance minster Mr Arun Jaitley.

see the link below:

https://www.ft.com/content/9fc05f8e-0720-11e8-9650-9c0ad2d7c5b5

It is very important to be sure of the right source of information and how true it is. The scandal almost cripple the entire cryptocurrency market . We need right people like you who will always keep us acquainted with the right information.

it was very shameful that certain news channels misinterpreted and did not spend time to review all the contents that the minister said and only after a review of the content that the minister said they published on their news channels. but they dont do this. this kind of thing where the journalist takes their own conclusions and post News that are not true are damaging bitcoin and this is becoming frequent.

in the article published in the cointelegraph makes a brief evaluation of this type of behavior

Read it properly (https://cointelegraph.com/news/black-january-why-is-bitcoin-in-such-a-bad-way)


we need to be responsible when we publish some news

Yes, according to Mr. Arun Jaitley India will be trying to put a stop to the illegal activites that are being carried out by using bitcoins and they are not actually going to  ban bitcoins. The media is trying to spread fake and half true news which is surely affecting bitcoin's value. I don't understand why are they trying to spread so much of negativity about bitcoins and it is definitely harming alot of people as they would quicksell their btc after watching all this on the news. I think this should be changed if it is possible somehow.

This is just the hand work of the media who are backed by cryptocurrency haters and enemies. But it will all turn good for good investors. I advise everyone to jump in and buy now

The Minister of Finance of India announced that they do not recognize cryptocurrency as a means of payment (which is the reason for the current failure of the bitcoin course). So what, they did not legalize it. The right news at the right time and paid traffic for advertising this news in the media. Everything is done for the hamsters to dump the cryptocurrency, where large investment funds are waiting for further collapse of the rate.

I have argued that it is more of media hatred taking advantage of government pronouncements to advance their own agenda against bitcoin.  Sure gradually bitcoin will win ultimately.

Really doesn't matter. Bitcoin cannot be banned even if they wanted to. Best they can do is shut down exchanges in India. Most of those exchanges are probably not even housed in the country.

They can prohibit exchange within their country and close access to Internet providers, this is the maximum.

then it will be good for people from India because they could still try to earn more bitcoin and exchange it into their local fiat. it will bring a fresh air to them so they can give contribute in cryptocurrency world and India could be the country that accepting cryptocurrency, especially bitcoin for their people. and besides that, India will become the largest country that will support the new technology which is cryptocurrency in the future.

This has been proved to be false, but it is still causing a lot of panic in the cryptocurrency market.
There has been a big drop in the last few days, when the news was confirmed yesterday as a fake news, and today bitcoin is rose again. ;D

Hahaha, they are trick us. I think the goverment now have a lot of bitcoin, because they were bought yesterday when bitcoin falls down

India and China, also banned the currency trading, I think it is unwise to these countries banned the currency trading decisions, if after the virtual currency development is very good, so these countries is expected to regret it.

I don't know how many times the same wrong news is going to come out and people panic sell and cause a price drop before they stop and think for a moment when they hear a news like this saying some country banned bitcoin!

ignoring the FUD side of it, bitcoin (which the news says they are banning) is a decentralized cryptocurrency. if you think banning it can do anything to it then you shouldn't be using bitcoin anymore because you don't know the first thing about a censorship resistance currency!

So much FUD is spread and so much of it is untrue. It's either entirely wrong or a key part is incorrect. Truth is, most the media sites posting the FUD, probably don't really have a clue about Cryptocurrencies.

You see , there was no intention of Indian government to ban completely bitcoin , you see how stupid minds falsifying informations and let the panic grows up every where , but for reasonable people I think this is not an issue because they search for the true informations and does not believe such craps

India is confusing and misquoted bitcoin and now govt is collecting tax sending 1 lakh notice if they want tax they dont need to say Ponzi