India may ban bitcoin in 2018

[Ayush rana]

There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?
News article link
https://qz.com/1121363/no-bitcoins-for-payments-and-settlements-says-the-reserve-bank-of-india/

[BCMB]

What news are you talking about? Sounds like pure speculation.

[Pursuer]

There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?

if you have a news, then post the link to it here otherwise you are talking about rumors not news.

and if I remember India was talking about banning bitcoin in the beginning of 2017 and at some point they had set some strict rules for it but people were against it and they petitioned for removal of these rules and they succeeded. and as you can see currently price of bitcoin in India is at least 60% higher than the price in USD markets.

this shows there is a lot of demand for bitcoin there and government can not just ban something with this much people invested in it.

[poliy1219]

I guess this is a false news. Because India's computer software business is very developed, and even the world's first. Soon, India's technology companies will soon accept bitcoin payments as well as technology companies on the west coast of the United states. ETH payment and other coins payment.

[Dr.Osh]

I guess that's not true. maybe you just heard fake news. I've heard that India once made bitcoin legal in that country. but I do not know. I think it would be a big loss if a country makes bitcoin illegal, because it could make the income of its people less. and an increasing number of poverty.

[hackzang12]

I don't know about the news in your country but pretty sure your government is looking forward to merging in blockchain that will give a boost to your economy. be smart on giving actions and always be first on technology.

[piloder]

No they will not for sure, there are already many bitcoin trading platform there and many bitcoin wallets operating with legal license. People are crazy there for bitcoin, bitcoin is like new gold in India right now. However I think they will soon update their regulation policy and might limit the number of bitcoin you can buy/sell/hold per year.

[Opquar]

I'm going to assume you're talking about news floating around with them saying they don't accept bitcoin at the moment. They seem to be in the process of creating a legislation, and there are calls of making it illegal. It would be sad if they pull the trigger, given India's population. It's their loss in the end tho, really.

[eann014]

There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?

I think even if that is true, we don't have to be affected. Even if without India, bitcoin will still remain and will still prove it’s potential. For me, it will still increase its price or maybe remain its price the same, if bitcoin price will drop, for sure it will increase again.

[Tumanggor]

There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?

you must include the News Link, not just giving your opinion,

this is just your opinion, hopefully, in the future, you will include a Link to every news that you consider very sensitive ...

[carlisle1]

Good or bad publicity is still a publicity,we dont know if this news is just made for bitcoin advertisement,mentioning crypto over local TV news is one big publicity for in crypto world.india government need investments because of thier country status.and as what bitcoin gives to them is purely favorable to them so i dont see any reason for them to ban btc in thier country.so be not bother foz this is just speculation or advertisement mate

[Vladcrypto20]

I think these are one of those "end times are coming" time of news, in the sense that talks of something bad happening or criticizing the stuff now are normal for any society. It should not be something that we should be afraid of, because a lot of people have jobs in the crypto world there and they would not want these people to get screwed over, but in any case, even if they ban it, crypto people and hackers know their stuff, so it won`t be that problematic.

[ajmapalo22]

If the news about involvement of bitcoin to illegal activities are all true I think not only India will ban bitcoin in 2018 the worst is that it can be permanently ban in the circulation. I feel bad because bitcoin gives a lot of opportunity to many people we get the chance to earn additional income, some became financially independent but because of greediness of other they use bitcoin in crime and illegal act I just hope this can be resolve soon.

[Laya Varghese]

I don't think so. India is developing digitally.

[bigmaster23]

There's so much opportunity that BTC hold, so naturally if india do this it can destroy BTC holder to that country and there's so many persons will aid having trouble exchanging there BTC to there literal money so how that would help I think indians should exchange there BTC before it's too late for them, and for us it can also affect because BTC price will drop for sure afterwards that happen.

[iconicavs]

There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?

I tried to Google it and I found nothing, you must've heard wrong it's just speculation.

[Jaxelrell]

Can you give sources ? Because we don't know what you are talking about. If India bans bitcoin btc would drop a bit. Maybe to 5k or even 4k. This also happend after the ban of china.

Bitcoin dropped very hard but it recovered in time. So i think it will also recover after the ban of India if that happens.

[sucix]

There is a news that may be India will ban bitcoin in 2018. Make your guess will India really ban it or not?

If you have the link of news it would be better. But if india ban bitcoin is bad news. It could make bitcoin price lower.

[NUFCrichard]

I'm not saying that the OP is right, but India is cracking down on bank notes, Gold and Silver as they have a big problem with people storing their wealth outside of the 'system' and they want it to be more controlled and taxable.

Just look at the bank notes being taken out of circulation, with little to no notice. They were happy to screw over almost everyone in the country to get control over their money.

Bitcoin is the exact opposite of what they want!  It wouldn't be very surprising for India to try to clamp down on Bitcoin.

[atronax]

If that is true, it'll just lead to informal sector expansion. It's much more better to regulate cryptoworld and get some profits out of this, than lose opportunities by wrong decisions. No doubts, price will drop, but as in chinese situation, it won't last long.