India may ban Bitcoin

[~Money~]

So while the banking regulators in India were bashing bitcoin for being "unregulated", a $2 bn fraud ring was growing under their noses. One of their biggest banks (regulated) was doing all the money laundering.

Honestly, it's almost as if money laundering is the job of banks  !!!!

[Bulltracct]

It is because Govt will lose its income if it legalise btcs and fiats will disappear.

[Naman1111]

India wont ban cryptocurrency>>BTC. Howver, Govt has committee which comprises of RBI and SEBI chiefs to identify how to regulate the exchanges and crypto trading. By end of march the will present its results. It is highly that Govt will introduce cabinet approved bill which will ban intro several regulations to ban illegimate transactions. They may introduce TDS on exchanges for collecting taxes.

[LORENthetiger]

I will support govt in banning. I don't want my country to go to wrong path.

[slackcryptoz]

I will support govt in banning. I don't want my country to go to wrong path.

Why for you were in the forum. Such users need to be given ban, because we need to promote and make it grow reach next levels. Such words from the above users will generate negative thought among other users as well spoiling the growth of bitcoin as well other digital currencies. In my view India has shown positive sign for blockchain technology, so possibly they'll accept bitcoin.

[Qnetsupe]

Its not that easy as govt have to provide supportive evidence against the decision which is difficult.

[djbabu]

If INDIA will ban BITCOIN Then why RELIANCE and Sahara is planning for cryptocurrency
They will not make this legal, they can only stop people for doing any transaction in BTC

No security is provided if any fraud will be done using BTC in INDIA

Before making any comment , first understand the difference between bitcoin & block-chain

Blockchain provide a way where you can keep record and can not be altered easily .

Bit coin is sample app which is used demonstrate the use of blockchain.

You can either treat as currency if someone is willing to pay else its just a value .

Jio is making solution with bitcoin they can call it as coin but its not a currency .

Its like porno is legal in india but child pornography is illegal , but police use that law for normal pornography and try to make money from common people.

Block chain is legal in whole world but implementation are banned.

[djbabu]

I will support govt in banning. I don't want my country to go to wrong path.

Why for you were in the forum. Such users need to be given ban, because we need to promote and make it grow reach next levels. Such words from the above users will generate negative thought among other users as well spoiling the growth of bitcoin as well other digital currencies. In my view India has shown positive sign for blockchain technology, so possibly they'll accept bitcoin.

Bitcoin's main aim is to disturb censorship, control and you as a bitcoin user want to ban who say to ban other user .

First clear your ideology, if you say banning of  LORENthetiger  is correct then the same law apply to bitcoin also ban it too.

You are acting as government and guess what people say government 

[AmpaLex11]

The bitcoins in India were banned long back and are considered illegal.

[Seetheummerallyeah]

Bitcoins are illegal in India according to the new guidelines.

[Blackshadow007]

Bitcoins are illegal in India according to the new guidelines.

The bitcoins in India were banned long back and are considered illegal.

Stop spreading false rumor without proof . Nothing is Banned in India , Govt. still not decided Crypto position so do not spread false rumor and FUD .

[MondayTraddd]

They are illegal in India as per the new wave and the policy.

[pubmongrelT]

The bitcoins have been made illegal by the government on India.

[Tushar Ramani]

The bitcoins have been made illegal by the government on India.

WTF. Don't spread FUD here.

[potterbean5]

I don’t know anything about it as it doesn’t matter to me much.

[cryptomoon1003]

No government can block bitcoin.. People need to understand that bitcoin will help governments and countries eradicate poverty.

No government can go against such a great level of innovation

[boatswaincreditE]

The country has banned and declared bitcoins illegal.

[thrushzodiac8]

I don’t think people in India know much about the bitcoins and its anyways banned.

[downtimeprimesAa]

The Bitcoins in India are dead and no one even uses it.

[bitcoinzen]

in india bitcoin is either illegal or legal u can trade on exchangers nt on cash and u cant use it as payment processor