India taking measures to control crypto

[carlisle1]

In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.

lol.wheres the link?you story teller making post just to get attentioj,dont you even care about the impact of this issueyou have ben throwing here?if you dont have  enough supporting links for you news better shut up your mouth.you don't contribute any goodness,but only negativity

[Techie5879]

In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.

lol.wheres the link?you story teller making post just to get attentioj,dont you even care about the impact of this issueyou have ben throwing here?if you dont have  enough supporting links for you news better shut up your mouth.you don't contribute any goodness,but only negativity

https://techcrunch.com/2018/02/03/psa-no-india-hasnt-banned-bitcoin-but-its-still-talking-tough-on-crypto/

Its more of a grey area than you think, not banned. Cryptocurrency is not controlled yet, a commission was setup back in April 2017, announced by Arun Jaitley in August 2017, that would look into what should be done with cryptocurrency in India. It will probably be taxed. No news has come up since then, just ministers saying investing is not recommended, and this has damaged the adoption of bitcoin and probably also affected its price in a major way.

I don't see how it could be banned by any country, seeing as it has a decentralized nature, but it will probably be taxed, which is not good news anyways.

[CryptoFanholic]

In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.

It is a good deal actually, there is nothing to lose for who are trading bitcoin legally .. but for those who use bitcoin for money laundering and illegal activities will have a bad time.

[bitcoinrays]

It's a bad news
But i don't think any country can control BTC or cryptocurrency

I would appreciate if you could explain how it is bad if a country is trying to regulate crypto to stop illegitimate activities and stop funding of terrorist organisations and also to remove taxes from people that have hidden their money by converting them to cryptos and storing in wallet or exchanges. It would be bad if government banned the use and trade of crypto currencies or declared them as illegal. There is clear difference between being regulated and being controlled. There wont be peace if nothing was regulated in any country. Regulations are necessary for a revolution to take place.

[mits001]

Govt of any country in the world would like to put some measures or control over cryptocurrncies but it's not that easy given the de-centralized nature of cryptocurrencies. Govt might ban use or trading of cryptos but that won't put 100% restrictions on cryptos. People will find ways to invest in virtual currencies. What more govt can do is to regularize it with some rules. That is pretty possible and mostly Indian govt will also do the same in future.

Let's see if govt of India comes up with any innovative idea to regularize cryptocurrencies. 

[Nerman]

Regulating crypto is inevitable governments recognize how much money they can make in crypto currency by taxing it but  I do not think that they can control it unless they go to extreme measures such as banning all IP address of exchanges and make some ridiculous law that will imprison their citizen for a long time for using crypto.

The only good news about having some law will legitimize crypto currency and also protect it users against scams.

[nicko122]

In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.

Considering the fact that for a long time India tried to ban cryptocurrencies, and now it is considered with them, although it tries to regulate them, this is already quite good. I think it's a good sign. Each country wants to control cryptocurrencies, but so far no one has succeeded, because the whole point of decentralization in uniqueness and independence.

[jrrsparkles]

Regulating the crypto currencies is good for that country's economy and revenue but not good for the investors because we need to pay taxes from our earnings.But a big country like India making bitcoin legal in their country will influence the many countries to do the same.

[IsabellaSophia]

Recently I saw a scheme with a statement released earlier, the government had equated Bitcoin and other cryptocurrencies with Ponzi schemes. Is it true ?

[BlackRacerX]

In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.

Not good. That's why we have cryptocurrency, because we don't want anyone getting involved with our very own cryptocurrency. Dom't just blindly follow the government and just accept the fate of control of our cryptocurrencies. I refure for the Indian government to take control of their crypto currency.

[IsabellaSophia]

As a Bitcoin Lover I always wanted to equalise the full frequency among the world economy , I hope everyone will start accepting the Bitcoin. It will enable the brotherhood of crypto world.

[roshanface123]

In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.

I think its good in politically and also for the banking system. And its bad in terms of trading bitcoin for Indians.

[daarul50]

Control of crypto spreading is necessary because it is so risky to inflate that the news is good news for bitcoin price movements, but if it is controlled by bitcoin prices then it will not be possible because a decentralized system of technology used by bitcoin will not make any party control the bitcoin price.

[novakamena]

In the new 2018 budget of India under the Modi government, it is said that measures will be taken to control the spread of cryptocurrencies in India.
Is it good or bad? Comments.

I think its good in politically and also for the banking system. And its bad in terms of trading bitcoin for Indians.

According to previous media reports, new regulations were expected by the end of March. They are likely to involve anti-money laundering procedures and measures to prevent tax evasion.

[SamanthaLayla]

Really I am not sure how government will take steps to stop trading of cryptos but once government will start adopting Blockchain in its project we can expect another bull run in market.

[VirusTeam]

for the government is good, for the people badly unambiguously (( it's not a fact that it will work out in the government

[Yarsk]

It will be practically impossible for any government to be able to control the activities of cryptocurrencies because the blockchains technology can not be control due to it decentralization nature but the government can at list welcome bitcoin and other cryptocurrencies as a mode of payments and a peer to peer mode of sending digital currencies.

[Omosomofa]

Every country want to Control Cryptocurrency especially Bitcoin England has the same plan. But come to think of it. Bitcoin Bockchain is Decentralized Technology so nobody can control it. One thing am so happy for is that Bitcoin owner are not known. I wish they know them... They would have arrested them. But nor of their plans will not work out. It can not be control

[billykannithi]

Every country want to Control Cryptocurrency especially Bitcoin England has the same plan. But come to think of it. Bitcoin Bockchain is Decentralized Technology so nobody can control it. One thing am so happy for is that Bitcoin owner are not known. I wish they know them... They would have arrested them. But nor of their plans will not work out. It can not be control

I think India is just trying to control Bitcoin and their owner by putting an id for each one and force them to use it , so they will easily control in and out transactions and they will tax them as well.
That seems a good ideal but in reality seems hard to make it come true because they won't use those ids.

[AVAMONEY]

In the whole world all the Governments wants to control the Crpto currency. But peer to peer blockchain technology is a decentralized and transactions can not be traced so crypto currency can not be controlled.

Basically we not talking about government, and i will agree with you.
Although India has one of the largest crypto communities, they still can not use their advantage to determine the market, as the current market potential spreads and crypto users are increasingly increasing. So sure they certainly can not control the market.