After China & Russia, now India

[Andre_Goldman]

defcon 4

[ambcoin]

I haven't found any news online about the prohibition of bitcount in Russia. Do not enter people astray and sow panic.

Its not banning bitcoin..its just the Russian central bank not ready to accept cyrptocurrencies.

LINK: https://cointelegraph.com/news/russia-central-bank-categorically-against-regulating-crypto-as-money

Cheers

[jonruhoax]

if true, I think it is the prerogative of a country to ban it. but I do not think it will have a big effect on bitcoin development. so no need to worry about the ban that will take place on india. maybe it is a rumor.

[IdoandWill]

India’s Government Agencies Still Have ‘Concerns’ About Bitcoin

Indian officials revealed last week that the country’s tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.

What do you think?

In my opinion, it is important to understand that China, India, Russia are the countries for which co-financing and money laundering is a huge problem. And governments want to prevent the attackers from using bitcoin.

[Albe96XDAa]

I think it is a process for better change in the near future. It is still very new to many countries i guess and they are trying to find solutions to be able to manage them properly. In the near future things may be much more stable than as of now

[kerjakuat]

Dont forget to mention Korea and also Malaysia.. Hehe.. I a little bit worried about this topic but they all still searching a solution on how to get thing going well. Due to fund money at terrorist many government start to block the ICOs. Well this is not country faults. I can see some peoples are not always a good guy included us i guess..

[ochanya]

There are always concerns...but the world needs Bitcoin and altcoins...makes things easy .

[Sithara007]

In my opinion, it is important to understand that China, India, Russia are the countries for which co-financing and money laundering is a huge problem. And governments want to prevent the attackers from using bitcoin.

Yes... tax evasion and money laundering is a big problem in these nations. So it is not very surprising to see these nations taking a very tough stand on Bitcoins. Especially in India, Bitcoin users are being monitored by the government, after a lot of black money hoarders used BTC as a tool to hide their wealth during the demonetization process.

[Andreas_bakunin]

hopefully the Indian state does not ban the bitcoin trade and crypto transactions there

[DjTremor]

I think it will be a general trend to regulate somehow the cryptoworld as it will become bigger and more important. It is just question of time when it comes.

But, regulating it doesn't mean negative effect always. This can be maybe good for the big investors to get into this market.

[DrYe5]

In my opinion, it is important to understand that China, India, Russia are the countries for which co-financing and money laundering is a huge problem. And governments want to prevent the attackers from using bitcoin.

Yes... tax evasion and money laundering is a big problem in these nations. So it is not very surprising to see these nations taking a very tough stand on Bitcoins. Especially in India, Bitcoin users are being monitored by the government, after a lot of black money hoarders used BTC as a tool to hide their wealth during the demonetization process.

Not surprisingly, currency eventually becomes very popular and the government is afraid that it will soon be worth the unity. I'm just curious how strong actions are able to move in terms of controlling bitcoins.

[jack1111]

Governments are afraid of Bitcoin because they still do not have complete knowledge about this technology, but when they recognize the fact that Bitcoin is unstopable, they will find another way to deal with it.

[btcprospecter]

I think governments will always worry about bitcoin if it is going to affect their tax revenues more so now that they see how much bitcoin is worth. When it wasn't worth alot they were not bothered now they see they have missed out on something.

[Marucya]

Presently neither Russia nor China and not India gather to forbid cryptocurrency in the countries. So, Russia gathers to settle circulation of cryptocurrency in the country. About the same on нeпoтвepждeнным the representative office of China, that tries to do cryptocurrency of more centralized, declared data. In India already also send to the conclusion, that digital currency has a right on circulation in a country.

[webtricks]

Presently neither Russia nor China and not India gather to forbid cryptocurrency in the countries. So, Russia gathers to settle circulation of cryptocurrency in the country. About the same on нeпoтвepждeнным the representative office of China, that tries to do cryptocurrency of more centralized, declared data. In India already also send to the conclusion, that digital currency has a right on circulation in a country.

True, none of the mentioned country has complete negative outlook towards Bitcoin. It is media that pull out fake news based on little truth or facts.
In India, government is trying to find out a way to legalize Bitcoin instead of banning it. Here is the article lining out the government's strategy :
https://coinjournal.net/chief-indian-economist-bitcoin-wont-become-legal-currency-india-without-regulation/

[1DC]

Little by little all of the countries are interested about the idea of cryptocurrency or bitcoin. They are willing to adopt, regulate and legalize bitcoin to their country. I think if they already regulate and the bitcoin become legal, they will encourage their investor to invest in cryptocurrency because they know that they can earn a lot of income. Also they will introduce bitcoin to its people.

[kimochidesh]

It is seen that south Asian countries have more negative views abt BTC. They seems to be more concerned about issues like money laundering, terrorism, tax evasion etc. Air may be because of Impact of terrorist activities in these countries. Hope India takes a positive decision toward BTC legalization

[fateh1313]

indian government should think for its lay out to legalize BTC in india which is quite not possible yet because of huge big country with rular area can not adjust it properly but government can permission in some business modules to use it as a currency or can give its alternate coin also of its own 

[therealfalcon]

indian government should think for its lay out to legalize BTC in india which is quite not possible yet because of huge big country with rular area can not adjust it properly but government can permission in some business modules to use it as a currency or can give its alternate coin also of its own 

yes they banned miners import too

[xBitHodler]

I think it's all fake news. Russia and China wanted to manipulate Bitcoin price and they managed to do it! Imagine how much BTC they must have bought. Russia invites miners to invest in mining farms in Russia and they claim that cryptocurrencies are bad at the same time. Isn't it weird? I wouldn't be suprised if they confiscated all the mining equipment.