CryptoCurrency in India

[~Money~]

https://inc42.com/buzz/cryptocurrrency-bit-supreme-court/

reviewing the news above is useful for followers
it seems indian govern don't want to let crypto currencies  survive easily
I think it can end with more and more regulated rules to keep crypto under thumb !!!

i think bitcoin core should start defense before it gets late!!!

[cryptotaste]

Every country has the power to impose any rule on Bitcoin according to their law. India trying to do so .It is good .Everyone has the right to save their economy. If Bitcoin would vanish someday then what the people will do? India is a very strong country by economy. I think all  country has to set rules on Bitcoin and allow it in their country.

[saif.shaikha]

I believe government all over the world can regulate crypto currency only to a limited level through exchanges. Good thing about crypto is that they are anonymous till the time you convert into FIAT currencies. Even with regulation, people who are buying crypto currency through exchanges with their own money need not worry. Governments can only impose taxes on crypto trading at max and that should be beneficial for the crypto community as it will accord a legal status to crypto. I believe next year will be very interesting to see as world would have to finally agree to the potential of crypto.

[ihaveaquestion]

I dont know why they are are always trying to ban bitcoin in there.. They do not even want to regulate it, they just want to ban it in there. I am sorry for the guys from there, but you should know that each country has their own rules.

[illusioNiZt]

This article is a month old however I saw post on FB about government getting info from Indian exchanges and finding the source of income used to invest in BTC only for people who have invested huge amounts of INR in Bitcoin, not sure how true it is but if its real then there should be regulations made soon.

[leopard2]

Unregulated trading? They don't like that?

Unregulated trading means free trading which is a good thing...if you work for your money.

If you are a parasite living off taxpayers money then of course, you do not want freedom for your host. Funny how Modi tries to steal money from people, to fight "corruption" when the entire government itself is corrupt: involuntary corruption == taxes. 

There would be less corruption if the people had more rights so they don't need to bribe someone to get something. 

[Zilonglong.bucks]

https://inc42.com/buzz/cryptocurrrency-bit-supreme-court/

reviewing the news above is useful for followers
it seems indian govern don't want to let crypto currencies  survive easily
I think it can end with more and more regulated rules to keep crypto under thumb !!!

i think bitcoin core should start defense before it gets late!!!

I agree on this. Crypto can save our fellow Indian friends to have additional income, in that way we can prevent poverty as well. Defending bitcoin is a double thumbs up thing to do exactly.

[moynul2050]

I dont know why they are are always trying to ban bitcoin in there.. They do not even want to regulate it, they just want to ban it in there. I am sorry for the guys from there, but you should know that each country has their own rules.

There is no future for Banks and other financial institutions. this is the reason the government is afraid to legalize bitcoin.
we just wait whether this situation will survive