Suddenly, Bitcoin to Be Officially Legal in India

[BTcSD]

bitcoin doesn't need to be legalized in India or any other country  because what attract more people to come everyday is freedom of selling \buying using bitcoin without any regulation and limited rules .

[Reid]

Why is it that it is always newbies who creates this kind of threads.
It is hard to trust the news if it came from them. Plus, we have many users here which are pioneers. Maybe they could start the news.
Here is one good read about the regulation in India https://www.forbes.com/sites/sindhujabalaji/2017/06/21/bitcoin-india-regulation/#477b00627e4a
They said there will be ID's needed. I am afraid they will tax it a lot. This is bad actually.

[akuser]

India is a big country with a lot of people. No doubt that BTC is becoming known and trusted as a tough digital currency.

[mrcash02]

Why is it that it is always newbies who creates this kind of threads.
It is hard to trust the news if it came from them. Plus, we have many users here which are pioneers. Maybe they could start the news.
Here is one good read about the regulation in India https://www.forbes.com/sites/sindhujabalaji/2017/06/21/bitcoin-india-regulation/#477b00627e4a
They said there will be ID's needed. I am afraid they will tax it a lot. This is bad actually.

Very possible to have to pay extra fees. If they want you to give your ID there will be people employed to check it and these people need to receive money to work, so it's probable the Bitcoin users will have to pay fees to generate money to pay these people... It's just an example, but similar situations can happen, where there is centralization, there are extra costs and we all know who has to pay these costs.

[shohelalam]

bitcoin doesn't need to be legalized in India or any other country  because what attract more people to come everyday is freedom of selling \buying using bitcoin without any regulation and limited rules .

Yes. bitcoin is a life change program and so many peoples are going to millionaires from bitcoin and now come to the point yes you are right bitcoin doesn't need to be legalized india or any or others country. but if any country govt legalized bitcoin that time people fill secure to holding bitcoin and use bitcoin.

As you know so many country peoples face money Laundering crime and you know bitcoin use it is also Money Laundering Crime.



Thank you.  

[jilani]

If Bitcoin is officially legal in indea it is great news for Bitcoin fan of india.Although i don't know this news is full right or wrong.Because in this people country easily transaction any how without problem.I want to Bitcoin is legal wrold wide.

[reliable]

If Bitcoin is officially legal in indea it is great news for Bitcoin fan of india.Although i don't know this news is full right or wrong.Because in this people country easily transaction any how without problem.I want to Bitcoin is legal wrold wide.

There is no such news about bitcoin being legalized in India at present. The government is still looking into it and may even introduce their own coin which means they would ban all other coins. Thus btc may get ban in coming time and the country might issue their own coin if they think it is necessary and beneficial.

[endlasuresh]

Why is it that it is always newbies who creates this kind of threads.
It is hard to trust the news if it came from them. Plus, we have many users here which are pioneers. Maybe they could start the news.
Here is one good read about the regulation in India https://www.forbes.com/sites/sindhujabalaji/2017/06/21/bitcoin-india-regulation/#477b00627e4a
They said there will be ID's needed. I am afraid they will tax it a lot. This is bad actually.

Very possible to have to pay extra fees. If they want you to give your ID there will be people employed to check it and these people need to receive money to work, so it's probable the Bitcoin users will have to pay fees to generate money to pay these people... It's just an example, but similar situations can happen, where there is centralization, there are extra costs and we all know who has to pay these costs.

Taxe will be their main goal, if they don't get bribes or taxes, then Bitcoin or anything is illegal for them. I am not getting are these Govt people are Gods?

This type of threads are created by some people to threat Bitcoin as they dont have life to make money. I have seen a lot of threads within 15 days here and they don't stick to one thread or search in forums.

[Lieldoryn]

If Bitcoin is officially legal in indea it is great news for Bitcoin fan of india.Although i don't know this news is full right or wrong.Because in this people country easily transaction any how without problem.I want to Bitcoin is legal wrold wide.

This will never happen. I think that banks which are fully controlled by the government will lobby for permission to issue their own cryptocurrency, but the release of them and the transaction will carry out only the banks themselves or the government. No permit uncontrolled currencies.

[dondexter]

This is great. More and more countries legalising bitcoin means it is more accepted and the value will probably rise.

[Proton2233]

It seems to me that the key word is suddenly. I don't believe in such a development. Cryptocurrency and the state concepts are not compatible. Never policy not going to lose control of the economy. Even if cryptocurrencies will promise them big money they will not allow it. The poorer the nation the easier it is to manage.

[coin_1122]

If Bitcoin is officially legal in indea it is great news for Bitcoin fan of india.Although i don't know this news is full right or wrong.Because in this people country easily transaction any how without problem.I want to Bitcoin is legal wrold wide.

coin.

We didn't hear any news about Bitcoin is legal in India and even I never see any such news about that India is regulating the Bitcoin. I think people are propagating the fake news about the Bitcoin regulation. There are no official announcements from the Indian government.