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Author Topic: Bitcoins cannot be legal in India.  (Read 2953 times)
kabit9
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June 09, 2017, 09:20:46 AM
 #41



How to buy/sell btc in india? is bitcoin legal or no?

These are the clues you want me to know? LOL
mega facepalm. don't have time for ignoramus' such as yourself.

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June 13, 2017, 07:10:36 AM
 #42

INDIA makes me ignorant more day by day Sad
More and more comments from OP shows that OP is simply trolling here and has no intension of asking question for getting information. Just like youtube trolls! 



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June 14, 2017, 08:50:32 AM
 #43

Its going to be legal in future because its got polular and so many people using it now.
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July 04, 2017, 10:07:17 AM
 #44

Here lots of thing miss consumption paypal is not illegal in India and also Paytm didn't get wait for years to get permision to start bank the fact was that patm's huge shares hold  by alibaba so it became delay for establishing paytm bank. Of course i do agree government want to tax for all the earning so that only we are giving kyc with pan for exchanges.

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July 04, 2017, 10:11:07 AM
 #45

Its going to be legal in future because its got polular and so many people using it now.

It does not depend how many people are using, but the thing is that if its being misued than govt my think that they already have to handle money and handling bitcoin will be too much for them.  Because if such news keep occurring than ban may be come in place.


https://cointelegraph.com/news/bitcoin-currency-of-choice-for-scams-and-kidnappings-in-india


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July 04, 2017, 11:33:14 AM
 #46

Its going to be legal in future because its got polular and so many people using it now.

It does not depend how many people are using, but the thing is that if its being misued than govt my think that they already have to handle money and handling bitcoin will be too much for them.  Because if such news keep occurring than ban may be come in place.


https://cointelegraph.com/news/bitcoin-currency-of-choice-for-scams-and-kidnappings-in-india



I don't think govt will ban it in the near future if it has been made legal in the coming days since you already have PayPal allowed in India which is like next to doing nothing with it.There are so many hiccups to use PayPal that it is better not to use it.Similarly, bitcoin will also come under strict security measures that trading itself will be next to hell.

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July 23, 2017, 04:36:38 AM
 #47

i have heard that govt. of india decided taxes on bitcoin profit
(30% for stcg and 20% for ltcg)
then how it can be illegal ?
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July 23, 2017, 05:03:29 AM
 #48

PayPal is not illegal here. Just some of their features have been removed.

But for BTC I don't think it will be completely legal here anytime soon.

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July 24, 2017, 08:15:04 PM
 #49

Ok bro let it be leave the government on its own and leave the thing.
Use earn bitcoins buy and sell them trade and Gamble do whatever you want to man.
And PayPal is not illegal in India.
Thanks

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July 27, 2017, 02:30:38 PM
 #50

Its not deemed illegal but in india we have to go through severe scrutiny which makes it difficult to trade in BTC
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July 27, 2017, 07:21:14 PM
 #51

Its not deemed illegal but in india we have to go through severe scrutiny which makes it difficult to trade in BTC

Nothing is clear yet, ministerial committee will decide future of trading of BTC. If govt. impose lot's of tax on btc trading then future of bitcoin will not be much bright. Let's hope govt. will take decision taking in mind of Indian bitcoin holder too.

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midelou
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July 29, 2017, 08:40:19 AM
 #52

RBI or the Govt. of India don't want Indians to make money that is why they put some kind of restriction or other in order to persuade us Indians to stay away from places that is easy to make money all in the name of income tax and money laundering.  Angry

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July 29, 2017, 09:11:29 AM
 #53

RBI or the Govt. of India don't want Indians to make money that is why they put some kind of restriction or other in order to persuade us Indians to stay away from places that is easy to make money all in the name of income tax and money laundering.  Angry


yes man exactly !!!
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