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Author Topic: Bitcoin finally legal in India  (Read 9210 times)
veemon34
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January 13, 2018, 01:50:17 PM
 #381

Nice, it'll help the economy problem in India, but i'm still waiting btc legalization in IND/INA  Undecided
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January 13, 2018, 02:51:48 PM
 #382

Good news, when today I read the newspaper that the south korean government is banned cryptocurrency and ICO actually in India bitcoin is legal, hopefully soon followed by other big countries like USA, Canada, Australia, UK and so on.


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Sir Legend
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January 13, 2018, 03:18:52 PM
 #383

Hopefully with bitcoin legalization in india will make the future bitcoin better and i will continue to buy as much bitcoin as i can, and hope my country also follow India.

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January 13, 2018, 03:55:20 PM
 #384

Wow! it is very good news for all of us. we want and we hope that bitcoon will be legal in all over the world. when bitcoin will be a ligal think than we will proud of it. Future bitcoin will be a more valuable currency of world. Everybody should know about bitcoin and properly use of it.
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January 13, 2018, 04:23:15 PM
 #385

Wow! it is very good news for all of us. we want and we hope that bitcoon will be legal in all over the world. when bitcoin will be a ligal think than we will proud of it. Future bitcoin will be a more valuable currency of world. Everybody should know about bitcoin and properly use of it.
I just heart last month that India doesn't want bitcoin because it was merely just a ponzi scheme, maybe it was just another shit speculation from those who doesn't want bitcoin, but glad to know that finally they have made up a wise decision hopefully here in our country too that they will finally legalize bitcoin.




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January 13, 2018, 06:35:11 PM
 #386

I love to hear this news that bitcoin finally legal in India.Now we can start introduce the bitcoin investment to my Indian colleagues.

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January 13, 2018, 06:37:13 PM
 #387

who would have thought that India knew how things are better and other countries that pretend to be "civilized" ban bitcoin...
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January 13, 2018, 06:38:58 PM
 #388

After. Jio launching their own coin bitcoin will get regulatory compliance from govt  India with large population legalising bitcoin will be good move
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January 13, 2018, 06:40:56 PM
 #389

Countries definitely knows and sees the potential of bitcoin. And being a digital currency it cannot be banned. What alot of countries are doing is just preventing trading, cashing in and out which is not quite effective.
Sooner or later we will see them changing their minds again as usual.

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January 14, 2018, 05:43:54 PM
 #390

I don't beleve bitcoin is finally legal or ellegal in india, This will be legal in all the counties in the future.
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January 15, 2018, 03:59:24 PM
 #391

That's a good news to the people, because they believe that bitcoin is a big help to their economy and to their people. Because there's a lot of unemployed people and their problems was a poverty, so they give chance at the people that they could invest and earn in bitcoin. So they make bitcoin legal in their country. This great news  may help convincing other countries to legalize bitcoin. I think it shows only that bitcoin they give trust in bitcoin.
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January 25, 2018, 07:10:27 PM
 #392

This is good news like in the crypto world, and legalizing bitcoin in india, I think it will be many Asian countries that legalize bitcoin trutama in my country.
I'd like to believe that of course, but as practice shows, by far not all asian countries are prepared for that. Atleast some are layed back about it. We'll see what the future brings.
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January 27, 2018, 12:02:57 PM
 #393

this can be the trigger for bitcoin price increases, because surely they will buy some bitcoin to try to transact using bitcoin. I hope bitcoin is valid in all countries and can be a legitimate payment tool.

I dont know the authenticity of this news but India is a big country and if it is legally accepted in there than it will be a very good news for bitcoins lovers. As long as big countries will accept bitcoins, it will spread positive news worldwide and small countries will also adopt bitcoin seeing the trend.
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January 27, 2018, 02:12:55 PM
 #394

"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.

Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."



glad to hear that, in my country almost have a similar problem with india. Government still didnt recognized bitcoin as a legal payment here.
Terorism fund, money laundry, cyber crime , no taxes for bitcoin those are a populair reason my goverment dont recognized bitcoin for legal payment.
Luckyly here an exchange still allowed for operation. hopefully next future we have a progress on it.
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January 27, 2018, 02:24:59 PM
 #395

this is a good year for them. many countries now consider bitcoin as legal. hoping that we can make it bigger. and hoping many countries join ico for the people who believe in it.
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January 27, 2018, 02:46:10 PM
Merited by krishnapramod (1)
 #396

The day I saw the news article in Coin Telegraph, I knew that it was fake. They have a habit of churning out fake news, in order to attract increased readership. Even earlier also, I have pointed out this here in Bitcointalk. From what I have heard, the Indian government has gone all out to harass the Bitcoin users. A lot of the users have received notice from the income tax department.



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January 27, 2018, 02:48:55 PM
 #397

Its very complicated to explain the management of bitcoin in India, you should read a lot of the subject since it is a very sensitive topic, here you can find more information: https://www.express.co.uk/finance/city/903024/bitcoin-in-india-is-it-illegal-cryptocurrency-status-explained
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January 27, 2018, 03:08:44 PM
 #398

I don't beleve bitcoin is finally legal or ellegal in india, This will be legal in all the counties in the future.
Neither do I believe that bitcoin is now legal in India but if this is the case then demand will surely rise and help push the priced of bitcoin up.

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CryptoZ7
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February 01, 2018, 04:15:36 AM
 #399

The depreciating GDP in India needs this sort of a business to be successfully available in every home in India. It is quite normal for adventurous people to start trading bitcoin in exchanges or accepting bitcoin once bitcoin becomes legal in any country. However, they must not forget that it is completely upon the discretion of the legal authorities of the country to maintain the legal notions supporting the business. One fine day, if they make it “illegal” again, then the consequences binding the person to the business will become a liability for the rest of his/life. However, I sincerely support the growth of the business in India.
Tanmoy98
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February 01, 2018, 04:34:51 AM
 #400

I don't think so.Bitcoin is not legal in india.Because there government should be not legalize bitcoin in this year.Is bitcoin is legal in india then the price will be rise up.
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