India may ban Bitcoin

[djbabu]

Hi Guys

I found the reason now

http://www.punjabkesari.in/business/news/big-steps-raised-by-banks-against-bitcoin--it-department-sent-tax-notice-741579

Look like zebpay want to lip from indian official thats why they updated and no trace or anything that they changes the service

Now they sol us there bitcoin and now we own them and we cant spent it

Anny one tell how i can i sell these bitcoin now

[boss1dg]

indian govt first will take years to think what should they do , so just chill . 

[bitcoinposts]

India observing how cryptocurrency work and forming regulation so bitcoin is on verge of legality on the edge new rules will be formed very soon

[btcrocks]

India observing how cryptocurrency work and forming regulation so bitcoin is on verge of legality on the edge new rules will be formed very soon

I am sure we are close to regulations being ready across the country as they have been working with technical persons to have a clear overview of the taxation abuse/laundering.
The announcement date would be a shock and that too at a perfect timing when many things would have been favorable to BTC holders.

[djbabu]

indian govt first will take years to think what should they do , so just chill . 

What about this ?


http://www.moneycontrol.com/news/business/cryptocurrency/noose-on-cryptocurrency-exchanges-tightens-as-roc-stops-registration-2488799.html

[cointalksindia.com]

yes it looks like they are tightening the rules on crypto trading by seeing the unexpected interests and investments. soon they might introduce some new rules and tax or temporary ban these trading . who know.

[ZodiacSwiss]

ZEBPAY have delinked HDFC bank accounts now. So you cannot buy or sale with HDFC. I am not sure if they are planning to do with ICICI bank the same. Also if i look at the other exchanges in India, BTC volume is much less compare to global market. So Ban can come anytime.

On another hand,GOVN and big celebrities have invested heavily. So i personally dont think Crypto will be banned in India. Crypto is the future.

[btcformula]

All country will regulate but he will not BAN because it's all about TAX MONEY. As like our Govt already declare GST. And more importantly, when something tries to ban incorrectly use of that thing increase dramatically. As a Crypto Community member all we have to do stop using crypto for illegal use it will save our crypto world.

[djbabu]

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.

Dear bitlover,
Bitcoin may not be banned in india, as JIO is launching it's own coin- Jiocoin. so crypto is not going to be ban in India. but it will be regulated.

Thnks

Jiocoin is fraud , you can search post for it here in forum

Mukesh Ambani is working in blockchain not in coin

Who ever is investing or using bitcoin must understand that bitcoin is a sample app which shows how blockchain works
Its hello world program for blockchain


Thanks

[~Money~]

All country will regulate but he will not BAN because it's all about TAX MONEY. As like our Govt already declare GST. And more importantly, when something tries to ban incorrectly use of that thing increase dramatically. As a Crypto Community member all we have to do stop using crypto for illegal use it will save our crypto world.

i like this idea very much, look china, they did tried to control this, but all we see is more and more chinese around, i think our gov will not lose the opportunity of getting tons of new taxes from crypto traders and earners. they will surely regulate that, but ban will not be an option, we just need to see how they will respond to this growing market in near future

till now all is gossips, just hope if they want to do sth, do it faster so we can understand where we will stand

[djbabu]

All country will regulate but he will not BAN because it's all about TAX MONEY. As like our Govt already declare GST. And more importantly, when something tries to ban incorrectly use of that thing increase dramatically. As a Crypto Community member all we have to do stop using crypto for illegal use it will save our crypto world.

i like this idea very much, look china, they did tried to control this, but all we see is more and more chinese around, i think our gov will not lose the opportunity of getting tons of new taxes from crypto traders and earners. they will surely regulate that, but ban will not be an option, we just need to see how they will respond to this growing market in near future

till now all is gossips, just hope if they want to do sth, do it faster so we can understand where we will stand

China not only controlling it they are stopped ICO's and miners need to pay full electricity bills before that they are getting subsidy for it

Now new news

https://www.prabhatkhabar.com/news/economy/cryptocrycency-investment-bitcoin-dangerous/1116598.html

Thanks

[ensign_lee]

All country will regulate but he will not BAN because it's all about TAX MONEY. As like our Govt already declare GST. And more importantly, when something tries to ban incorrectly use of that thing increase dramatically. As a Crypto Community member all we have to do stop using crypto for illegal use it will save our crypto world.

i like this idea very much, look china, they did tried to control this, but all we see is more and more chinese around, i think our gov will not lose the opportunity of getting tons of new taxes from crypto traders and earners. they will surely regulate that, but ban will not be an option, we just need to see how they will respond to this growing market in near future

till now all is gossips, just hope if they want to do sth, do it faster so we can understand where we will stand

China not only controlling it they are stopped ICO's and miners need to pay full electricity bills before that they are getting subsidy for it

Now new news

https://www.prabhatkhabar.com/news/economy/cryptocrycency-investment-bitcoin-dangerous/1116598.html

Thanks

The upcoming budget might throw some light on the status of cryptos being legal/illegal in the country.Still, doubt whether this again will be taken as a big thing with many other big issues to be addressed by them

[Dpat]

India will never ban Bitcoin as many of the politician and almost all business man are invested in this. And also making their black money to white. If, India ban this the Govt. own self will go collapsed. As of today we are listening Jio coin is coming which is promoted by the Mukesh Ambani the big giant of the Indian business world rather whole world also. If Govt. want to legalize a mere cryptocurrency then how it will ban the Bitcoin which has a great digital currency ever and fully decentralized.

[btcrocks]

India will never ban Bitcoin as many of the politician and almost all business man are invested in this. And also making their black money to white. If, India ban this the Govt. own self will go collapsed. As of today we are listening Jio coin is coming which is promoted by the Mukesh Ambani the big giant of the Indian business world rather whole world also. If Govt. want to legalize a mere cryptocurrency then how it will ban the Bitcoin which has a great digital currency ever and fully decentralized.

Do you have any data to back your claims with politicians/businessman invested in BTC? If that was the case it would have been made legal some months back.Jiocoin from Ambani doesn't seem to be a coin which would be promoted by the govt when they have rupee already.

[djbabu]

India will never ban Bitcoin as many of the politician and almost all business man are invested in this. And also making their black money to white. If, India ban this the Govt. own self will go collapsed. As of today we are listening Jio coin is coming which is promoted by the Mukesh Ambani the big giant of the Indian business world rather whole world also. If Govt. want to legalize a mere cryptocurrency then how it will ban the Bitcoin which has a great digital currency ever and fully decentralized.

Correct ,

1. Now let us know the reason why banks are stop supporting companies related to bitcoin ?  
2. Why Zebpay changes it nature of business in middle of the night without informing its tons of users only after income tax guys visited them ?

http://www.thehindubusinessline.com/money-and-banking/investors-in-a-bind-as-banks-pull-the-plug-on-bitcoin-accounts/article22545347.ece

one more thing Mukesh join coin is not yet came all other are fake https://economictimes.indiatimes.com/tech/software/reliance-jio-coin-at-least-22-fake-apps-on-play-store/articleshow/62695209.cms

Gov may block bitcoin but not blockchain

India already banned Notes which was held by hell lot of people they can easily do ban of bitcoin too.

Thanks

[Dil dil]

it is a green signal to btc in India.this article it again a precaution needs to be taken in India but will this decide to ban it simply is what needs to be now.

[djbabu]

Hi,

Check this out too

https://www.express.co.uk/finance/city/911583/bitcoin-price-news-mining-value-usd-ripple-ethereum-latest

And now facebook ban ads related to cryptocurrency

So who is saying india never ban bitcoin !!! Facebook is earning hell lot of money from them and they banned it how silly mark is!!!

[Somz1]

Hi,

Check this out too

https://www.express.co.uk/finance/city/911583/bitcoin-price-news-mining-value-usd-ripple-ethereum-latest

And now facebook ban ads related to cryptocurrency

So who is saying india never ban bitcoin !!! Facebook is earning hell lot of money from them and they banned it how silly mark is!!!

One can't ban Bitcoin genius, it runs on blockchain, no one can stop blockchain. Get some education on the subject instead of blabbering nonsense

[TechG33k]

I think india banned bit coin (crypto currency).. 🤕🤒

[Zackgeno96]

I think india banned bit coin (crypto currency).. 🤕🤒

Nope, Arun Jaitley did not said that government is banning the bitcoins or other cryptocurrencies. He said these cryptos will not be considered as legal tender and government does not recognize them. It means people still can continue to invest at their own risk and government will not be responsible for any losses. He also pointed out to finish the illegal use of the cryptocurrencies. Government is also planning to explore the blockchain technology.

Check it out for your reference. http://www.financialexpress.com/budget/budget-2018-bitcoin-is-not-a-legal-tender-but-government-will-keep-exploring-blockchain-technology-says-arun-jaitley/1039815/