India may ban Bitcoin

[bitcoinrowdy]

http://www.financialexpress.com/economy/why-finance-ministry-panel-said-no-to-bitcoin-and-other-virtual-currencies/790455/

Govt may declare Bitcoin illegal in India.

Government should not ban it, there should be some legal provision for taxes so it can generate more tax income to the government too.

[TheCoinFinder]

if they ban it will be the stupidest decision by INDIA

Like the demonetization game

[shiv06]

India government should not ban bitcoin because bitcoin Bitcoin is biggest popular digital currency, Now bitcoin market price is 14029.93 US Dollar so should neglect the through the banning ans should accept the new technology.

[Alok_Yadav]

They won't ban bitcoin. But there will be regulation that we will see soon.

[djbabu]

if they ban it will be the stupidest decision by INDIA

Like the demonetization game

If u think demonetization is stupid game , then i m afraid that you are not a financial person and your opinion is really biased with media.

https://aajtak.intoday.in/story/bitcoin-investment-finance-ministery-warned-tut-1-974162.html

Bit coin is easily used by Black money and should be banned like china done with there exchanges and ICO.

Now take an example of current railway tickets hacking , person is also using bitcoin as payment.

Railway is running in loss due to corruption and demonetization really help this , We indian never appreciate anything , we always blame but we dont check our side.

India should ban bitcoin and start real blockchain thing like Russian GOV started .

Bit coin will definitely fall down and a major risked asset.

Current rate of btc is 14663 in coinbase @ 12.49 pm IST
Exchange rate 63.91 = 937112.33

Zeb pay : 1 BTC in Buy Price : ₹ 11,75,135    Sell Price : ₹ 11,29,124
Uno coin : BUY BTC: 11,83,986|SELL BTC: 10,83,347

So why they need this much of difference ?

I also invested in BTC because i knew people are dumb enough that this one is not at-least fail too soon but its going to be fail after some time.


Even i invested in bit coin , but bitcoin should be banned , because our Leader are also investing in it in majorly they should be punished.

Thanks

[Dil dil]

Government to provide a evidence is regards of believe government is competent,government declare it legal in government seems to have a negative attitude is bitcoin, bitcoin will continue is best in interest and recommend a blank on digital currencies is bitcoin Though they  is a bitcoin

[saurabh]

if they ban it will be the stupidest decision by INDIA

Like the demonetization game

If u think demonetization is stupid game , then i m afraid that you are not a financial person and your opinion is really biased with media.

https://aajtak.intoday.in/story/bitcoin-investment-finance-ministery-warned-tut-1-974162.html

Bit coin is easily used by Black money and should be banned like china done with there exchanges and ICO.

Now take an example of current railway tickets hacking , person is also using bitcoin as payment.

Railway is running in loss due to corruption and demonetization really help this , We indian never appreciate anything , we always blame but we dont check our side.

India should ban bitcoin and start real blockchain thing like Russian GOV started .

Bit coin will definitely fall down and a major risked asset.

Current rate of btc is 14663 in coinbase @ 12.49 pm IST
Exchange rate 63.91 = 937112.33

Zeb pay : 1 BTC in Buy Price : ₹ 11,75,135    Sell Price : ₹ 11,29,124
Uno coin : BUY BTC: 11,83,986|SELL BTC: 10,83,347

So why they need this much of difference ?

I also invested in BTC because i knew people are dumb enough that this one is not at-least fail too soon but its going to be fail after some time.


Even i invested in bit coin , but bitcoin should be banned , because our Leader are also investing in it in majorly they should be punished.

Thanks

I think you have not done your research on demonetization its a complete failure with loss.

Read this

http://www.businesstoday.in/current/economy-politics/rbi-annual-report-loss-demonetisation-printing-notes-note-ban-data/story/259391.html

All politicians are making money by robbing general public , BJP have bought most news channels and news papers hence they are just following their orders to print and publish negativity for Crypto Currencies so that people do not pull their money from banks and convert to crypto. Politicians and leaders are DUMB they do not have any clue on how crypto works and they even do not give a shit about it because they have enough of new notes,


The railway scam you are refereeing that guy had 2kg of gold bars and lot of gold jewelry , he also used hawala and over 50 lacs in cash.


Hence Indian Govt should ban Gold and Notes as well. Railway is in loss because of bad administration and Government.


Our PM is also corrupt he made lot of money that we cannot even imagine , our country Actual PM is Ambani and TATA they run our economy with corrupted leaders.


As far as China and Russia is concerned you can pay to supplier using bitcoins from anywhere they are accepting it as mode of payment.

Hope this explains everything.


Thanks

[djbabu]

if they ban it will be the stupidest decision by INDIA

Like the demonetization game

If u think demonetization is stupid game , then i m afraid that you are not a financial person and your opinion is really biased with media.

https://aajtak.intoday.in/story/bitcoin-investment-finance-ministery-warned-tut-1-974162.html

Bit coin is easily used by Black money and should be banned like china done with there exchanges and ICO.

Now take an example of current railway tickets hacking , person is also using bitcoin as payment.

Railway is running in loss due to corruption and demonetization really help this , We indian never appreciate anything , we always blame but we dont check our side.

India should ban bitcoin and start real blockchain thing like Russian GOV started .

Bit coin will definitely fall down and a major risked asset.

Current rate of btc is 14663 in coinbase @ 12.49 pm IST
Exchange rate 63.91 = 937112.33

Zeb pay : 1 BTC in Buy Price : ₹ 11,75,135    Sell Price : ₹ 11,29,124
Uno coin : BUY BTC: 11,83,986|SELL BTC: 10,83,347

So why they need this much of difference ?

I also invested in BTC because i knew people are dumb enough that this one is not at-least fail too soon but its going to be fail after some time.


Even i invested in bit coin , but bitcoin should be banned , because our Leader are also investing in it in majorly they should be punished.

Thanks

I think you have not done your research on demonetization its a complete failure with loss.

Read this

http://www.businesstoday.in/current/economy-politics/rbi-annual-report-loss-demonetisation-printing-notes-note-ban-data/story/259391.html

All politicians are making money by robbing general public , BJP have bought most news channels and news papers hence they are just following their orders to print and publish negativity for Crypto Currencies so that people do not pull their money from banks and convert to crypto. Politicians and leaders are DUMB they do not have any clue on how crypto works and they even do not give a shit about it because they have enough of new notes,


The railway scam you are refereeing that guy had 2kg of gold bars and lot of gold jewelry , he also used hawala and over 50 lacs in cash.


Hence Indian Govt should ban Gold and Notes as well. Railway is in loss because of bad administration and Government.


Our PM is also corrupt he made lot of money that we cannot even imagine , our country Actual PM is Ambani and TATA they run our economy with corrupted leaders.


As far as China and Russia is concerned you can pay to supplier using bitcoins from anywhere they are accepting it as mode of payment.

Hope this explains everything.


Thanks

Now in this forum both our thought is posted lets wait for future and see who is correct

[anirgu]

Government to provide a evidence is regards of believe government is competent,government declare it legal in government seems to have a negative attitude is bitcoin, bitcoin will continue is best in interest and recommend a blank on digital currencies is bitcoin Though they  is a bitcoin

The way government has been warning common people each time, I sense a partial ban going to come in at any point of time in 2018.After that depending on the situation, they may legalize it with a lot of formalities which are enough for us to stop trading.

[saurabh]

Government to provide a evidence is regards of believe government is competent,government declare it legal in government seems to have a negative attitude is bitcoin, bitcoin will continue is best in interest and recommend a blank on digital currencies is bitcoin Though they  is a bitcoin

The way government has been warning common people each time, I sense a partial ban going to come in at any point of time in 2018.After that depending on the situation, they may legalize it with a lot of formalities which are enough for us to stop trading.

They can only stop trading with fiat using bank account but we can always trade crypto to crypto and sell for cash in person or bank transfer showing other purpose payment.

There is no way they will be able to stop.

[tcsmate]

When it looks like India is going the china way. first the raids or technically surveys, then arm twisting banks and payment gateways to cease operations, it looks increasingly likely that they will ban exchanges. not the right decision - but u can trust them to do wrong.

[vin34]

Indian govt terms bitcoin as ponzi scheme.

[bitcoinposts]

Banning bitcoin now govt will lose huge tax money

[rawcrypt]

Lets get rational and understand pros and cons crypto currencies... not just botcoin but beyond.

Major pros
Low few transctions(NOT BITCOIN)
High speed transaction(Not Bitcoin)
Massive ecommerce tool
Reshaping the industry and existing eco system

Major Cons
Black Money
Money laundering
Illegal activities
Volatile

Now lets dig into what a ban will achieve. Imho a ban will only take out the positive aspects of crypto and all the negative points are still gonna be there..
Like a person whos gonaa use it for illegal activities will use it regardless of Gov banning it or not I mean a ban will only take out Indian exchanges off of the game ban is not going to restrict blackmoney, launderinng or any other negative aspect but it surely is going to kill all positive aspects.

[Dil dil]

This have reasons to ban but other hand is legalize this can create many youths and developers to create digital way in India I believe won't be a ban in place.Since if they wanted the money launders But so much real news it is done  because it is not from reputed source of india.

[@prashant]

if they ban it will be the stupidest decision by INDIA

Like the demonetization game

If u think demonetization is stupid game , then i m afraid that you are not a financial person and your opinion is really biased with media.

https://aajtak.intoday.in/story/bitcoin-investment-finance-ministery-warned-tut-1-974162.html

Bit coin is easily used by Black money and should be banned like china done with there exchanges and ICO.

Now take an example of current railway tickets hacking , person is also using bitcoin as payment.

Railway is running in loss due to corruption and demonetization really help this , We indian never appreciate anything , we always blame but we dont check our side.

India should ban bitcoin and start real blockchain thing like Russian GOV started .

Bit coin will definitely fall down and a major risked asset.

Current rate of btc is 14663 in coinbase @ 12.49 pm IST
Exchange rate 63.91 = 937112.33

Zeb pay : 1 BTC in Buy Price : ₹ 11,75,135    Sell Price : ₹ 11,29,124
Uno coin : BUY BTC: 11,83,986|SELL BTC: 10,83,347

So why they need this much of difference ?

I also invested in BTC because i knew people are dumb enough that this one is not at-least fail too soon but its going to be fail after some time.


Even i invested in bit coin , but bitcoin should be banned , because our Leader are also investing in it in majorly they should be punished.

Thanks

I think you have not done your research on demonetization its a complete failure with loss.

Read this

http://www.businesstoday.in/current/economy-politics/rbi-annual-report-loss-demonetisation-printing-notes-note-ban-data/story/259391.html

All politicians are making money by robbing general public , BJP have bought most news channels and news papers hence they are just following their orders to print and publish negativity for Crypto Currencies so that people do not pull their money from banks and convert to crypto. Politicians and leaders are DUMB they do not have any clue on how crypto works and they even do not give a shit about it because they have enough of new notes,


The railway scam you are refereeing that guy had 2kg of gold bars and lot of gold jewelry , he also used hawala and over 50 lacs in cash.


Hence Indian Govt should ban Gold and Notes as well. Railway is in loss because of bad administration and Government.


Our PM is also corrupt he made lot of money that we cannot even imagine , our country Actual PM is Ambani and TATA they run our economy with corrupted leaders.


As far as China and Russia is concerned you can pay to supplier using bitcoins from anywhere they are accepting it as mode of payment.

Hope this explains everything.


Thanks

Now in this forum both our thought is posted lets wait for future and see who is correct

First you have to understand one thing,all political parties are corrupted,where do you think they are getting the money to serve their organisation and political campaigns.
Talking about ban on bitcoin is absurd thing.before bitcoin corruption was not there? No,it was and it will remain.bitcoin is just a medium to increase your amount of money and gain profit.before it gold , valuable asset and capital asset were used to hide black money.
Blockchain is new thing and government is doing right thing to tell people to be careful while investing in cryptocurrency as here majority people do  have less or no knowledge about btc or blockchain and they are likely to get scammed.
Btc is old tech and can not be used as day today transaction ,only used for limited transaction asset due to high fees .i personally think only IT related or share market traders should invest in crypto,it is not meant for general purpose due to lack of knowledge.

[immakingacoin]

Creating Your Own Cryptocurrency
https://bitcointalk.org/index.php?topic=2622444

[Magica]

I don't think Indian government has issued any rule regarding the legality of any Virtual currency. Banning virtual currency would mean we will not be able to trade it for INR as it(banning) would be a result of shutting down many cryptocurrency exchanges and wallets. But we can still trade it for other cryptos.
To ban entire trade of cryptos would mean shutting down the internet which of course we know is impossible. 

[ankit05]

Indian government not ban bitcoin but it will be regulation that we will see soon because bitcoin is still growing popularity as it has been around for a long time now.

[wiserico]

are there any alt coins that can be used in India?