Banning Crypto and ICO will take India in Backward direction?

[ankurguta87]

Hi,

In my opinion, Banning crypto India will pull India down from the finance battle. As the story of raising funds of startup is completely changes now. Instead of looking for angle investor, now founders have to launch ICO and investor from across the globe will contribute if they found it suitable for investment. An example of this is OTPPAY, where they are developing a paytm like app for paying in cryptos.

Another benefit is, these ICOs products are global so these products can make image of country globally. and the base of ICO is cryptocurrency.

Now if India ban all such stuffs, entrepreneur from India will loose this easy process. And instead of bullet train they will keep running with passenger train and old investment model.

I think, RBI and India authorities should take this into account before making any decision. But I highly doubt on their understanding on crypto currency.

What is your opinion on this. Please share meaningful thoughts...

[Tushar Ramani]

Firstly, This is not possible. So, don't worry.

[Guvn0r]

Oh! I see it now alright..  



I respect your freedom to express your opinions, please see if there are similar threads (on the same subject) already posted in the same section, lets keep Bitcoin Forum > Local > India clean.

[ankurguta87]

Oh! I see it now alright..  



I respect your freedom to express your opinions, please see if there are similar threads (on the same subject) already posted in the same section, lets keep Bitcoin Forum > Local > India clean.

Hi,

I respect your effort of making this forum clean. Still there is no meaning of sharing your reply like this. Such type of reply are very demoralizing for a member like me. I checked there is no other thread which is exactly same as my thread. And also it is difficult to check 46*40 (1840) threads before starting a new thread. I am a regular visitor of this forum board and dint find any similar thread in this board.

Since RBI in India has given 3 months of time to exchange to ban all cryptos related transactions in rupees (a step towards banning crypto), the reason of making this thread to aware ppl about the positive side of crypto and ICOs. The thought I shared is in the interest of startups, in the interest of crypto and also in the interest of the nation.

As you are a Sr. member of the forum, I still not able to get what is the reason of your effort of taking snapshot of a very old activity (which is already resolved) to blame my reputation.

It is my request plz comment meaningful in the forum. Not to demoralize other junior members.

[Guvn0r]

~snip~

~snip~

Still if a senior member is pointing out, I checked your trust summary to learn and correct my error if I made any.

https://bitcointalk.org/index.php?action=trust;u=860161

I saw there are many red marks and few ppl even called you a scammer. It is my request plz comment meaningful in the forum. Not to demoralize other junior members.

Accusing me of scamming other members itself shows how much attention you really give to the forum and its content. Those red marks are being 'sent' by me as feedback to people who scammed or made an attempt. You can see there are no feedback sent towards me as a result of some suspicious or malicious action by me such as trying to scam.

Also, There are at least 10 threads discussing about the latest news regarding RBI and BTC in India.
Here are few of them:

https://bitcointalk.org/index.php?topic=3278263.0 (Should Bitcoin be banned in India?)
https://bitcointalk.org/index.php?topic=3638186.0 (The Great Indian Blockchain Migration has begun)

I had no intention demoralize you and I apologize if my comment seem condescending. I only suggested to check all latest posts before making new topics intended to discuss about same topic.

[ankurguta87]

~snip~

~snip~

Still if a senior member is pointing out, I checked your trust summary to learn and correct my error if I made any.

https://bitcointalk.org/index.php?action=trust;u=860161

I saw there are many red marks and few ppl even called you a scammer. It is my request plz comment meaningful in the forum. Not to demoralize other junior members.

Accusing me of scamming other members itself shows how much attention you really give to the forum and its content. Those red marks are being 'sent' by me as feedback to people who scammed or made an attempt. You can see there are no feedback sent towards me as a result of some suspicious or malicious action by me such as trying to scam.

Also, There are at least 10 threads discussing about the latest news regarding RBI and BTC in India.
Here are few of them:

https://bitcointalk.org/index.php?topic=3278263.0 (Should Bitcoin be banned in India?)
https://bitcointalk.org/index.php?topic=3638186.0 (The Great Indian Blockchain Migration has begun)

I had no intention demoralize you and I apologize if my comment seem condescending. I only suggested to check all latest posts before making new topics intended to discuss about same topic.

Hi,

Sorry my mistake I dint noticed that those were sent to other members. I will keep in mind your suggestion.

[Pankaj Jayani]

first of all that is not possible in india banbed crypto and ico.

[Vineeta2october]

first of all that is not possible in india banbed crypto and ico.

We all are hoping that it won't happen but anything can happen because RBI is actually working on the decisions of Finance Ministry and those guys can do anything.

[cryptobluemoon]

if they allow ico tokens license in India India will be world leader in blockchain innovation with the number of IT engineers available in India we can see tremendous growth