India may ban Bitcoin!

[Jochends]

http://www.businesstoday.in/current/economy-politics/cryptocurrency-dealers-indian-rupee-bitcoin-usd-7000-exchange-rate/story/263187.html

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[Chandu141]

http://www.businesstoday.in/current/economy-politics/cryptocurrency-dealers-indian-rupee-bitcoin-usd-7000-exchange-rate/story/263187.html

On the other hand, market experts believe that closing down cryptocurrency dealers or exchnages is not the way to stop use of cryptocurrencies. Government will have to put a stop on buying and selling of crptocurrencies in cash. In the event of their closure, buyers can always head out to foreign exchanges, experts told The Economic Times.


in simple words, it's impossible for india to ban Bitcoin because just a panel members opinion about banning crypto like Bitcoin will never gonna happen or considered at all.

even if Indian government announce officially to ban crypto , well, we all have international exchanges and we all know what to do 

[jekjekman]

India can't ban Bitcoin though maybe a regulation in exchanges and some other kind of laws will be given to its citizens in using cryptocurrencies is the move that they will do because no countries in the world can really ban Bitcoin as it is an international digital currency and its one great characteristic is being decentralized so meaning no one is controlling it so no one can ban it either.

Most Governments now are taking actions regarding the growth of Bitcoin with just a short period of time and I really don't know if they are just trying to help their citizens to protect from criminal events or they just want to put some tax on it because they know that there is a big amount of money is already involve in cryptocurrencies.

[sunno330]

What a bad news. But need more patient to see the last. About 6 months before I thought that bitcoin can't go more price up, but now I am surprised, some of the reason bitcoin price is high. So, think you what can be in the future.  Indian govt. if published the news, then say directly.

[DBronze98]

http://www.businesstoday.in/current/economy-politics/cryptocurrency-dealers-indian-rupee-bitcoin-usd-7000-exchange-rate/story/263187.html

not just india. many other countries also banned bitcoins. I just do not understand why they do not accept bitcoin. In my opinion, bitcoin has more potential in the future. But many people do not trust it

[DeathAngel]

Meh, it won’t do much to the price even if it does happen. Maybe there will be less ‘show bob & vegena pics’ using sex services on the dark web but that’s about it.

[Shah112233]

That is not a good news . India is the one of the largest economy of asia . And bitcoin is the future of the world. How India can ban it ?

[bs9]

http://www.businesstoday.in/current/economy-politics/cryptocurrency-dealers-indian-rupee-bitcoin-usd-7000-exchange-rate/story/263187.html

So what?China try to ban bitcoin but they cannot do this and finally bitcoin price 7000$+.So if india ban bitcoin hope bitcoin will be increased 9000$.Bitcoin used now all over the world

[Ayush rana]

There are very less chances of Bitcoin to get banned in India because recently the Reserve Bank of India RBI has announced that they are not responsible for any loss durimg trading done by Indian. Plus RBI is playing safe side because they nither legalized bitcoin in India nor the ban bitcoin here.

[Saimabutterfly]

That will be bad bad thing for the bitcoin. India always having a large market. it will be a dent to bitcoin.

[aso118]

That will be bad bad thing for the bitcoin. India always having a large market. it will be a dent to bitcoin.

Nope. India is a fledgling market in Bitcoin. Even if the government takes such action, it won't affect Bitcoins global price. If Bitcoin can shake off China's ban, then this will be just a pin prick.

[Rozita]

That will be bad bad thing for the bitcoin. India always having a large market. it will be a dent to bitcoin.

Nope. India is a fledgling market in Bitcoin. Even if the government takes such action, it won't affect Bitcoins global price. If Bitcoin can shake off China's ban, then this will be just a pin prick.

I agree with you that India won't ban Bitcoin. But I don't agree with your other statement. I think there are lots of people in India dealing with Bitcoin. There is a large community that can affect the Bitcoin.

[Crypdon]

I wonder if the ban in india will have the same impact on bitcoin as the temporary china ban. It all went sharply downhill.

[humanCNC]

If India bans btc, there is a thing we need to think carefully.  Seem, btc market is being narrowed, specially it's asia market. In there has pretty countries banned btc, example China.... Is that a sign for the debacle of btc? Although btc price is high now. I can't understand.

[anitaraymonds]

If India happens to ban Bitcoin then it will shake BTC a little. India is a huge market for cryptocurrency. Hope the Government will be very careful and sleep over that decision and will not be in haste.

[bitbunnny]

I’m not convinced that ban is the real intention of Indian government. Probably they want to regulate the exchangers and that is not the same like banning. Bitcoin is very spread in India and even such drastic measures like ban would not stop people from using it or ruin the market. Similar like China, India is also big country and significant at Bitcoin market but still the impact that such annoucements or actions might have on Bitcoin price they will not be dramatic or long lasting. Anyway, we have already seen similar scenarios.

[safirin]

I think at most government can put limit on exchange.

[MMA]

There are very less chances of Bitcoin to get banned in India because recently the Reserve Bank of India RBI has announced that they are not responsible for any loss durimg trading done by Indian. Plus RBI is playing safe side because they nither legalized bitcoin in India nor the ban bitcoin here.

I was expected that India is crating their own crypto currency, if they are in fact creating their own currency, then they may be thinking about to banned bitcoin and launch their own crypto currency, so that people may start using it and give more preference to their own currency, but i do not think  any other currency can compete with bitcoin, i am sure that it will be a time wast struggle and no such desire result can get from this. Because bitcoin is a universal and decentralize currency and any other currency which may be created by any other country may not have such qualities.

[LilibethSantos]

Let them try and enforce it 

[Hermes Mercury]

in my opinion the BTC, where it has become a universal currency, albeit on a small scale today, soon globalization will be colossal, we will be able to travel, buy, and structure with just BTC .. can help many economies from 3rd to 1st world. So India is hardly going to be left out.