India may ban bitcoin in 2018

[DroidR17A]

It's not fake news, and a sovereign government can ban crypto trading is they so choose. As always the concern is money laundering. For cryptos to become fully accepted, they're going to have to switch to AML protocols, or get left behind by the private blockchain solutions.

https://news.bitcoin.com/india-central-banker-doubles-down-on-suppressing-bitcoin/

https://btcmanager.com/writing-wall-bitcoin-rbis-official-statement/

[shadyrifles]

If India’s central bank bans bitcoins, they will only exclude India from the revolution the entire world is going through, and push down. It is true banks are scared as hell if Bitcoins and cryptocurrency become mainstream, they will go out of business, and RBI took a very diplomatic approach to keep 'control' in their own hands.

[garytheasshole]

Who gives a fuck about India anyway bunch of backwoods savages.

[DroidR17A]

Who gives a fuck about India anyway bunch of backwoods savages.

That's really not a helpful attitude is it? US may not be far behind either: https://www.cryptocoinsnews.com/were-looking-very-carefully-at-bitcoin-u-s-treasury-sec-mnuchin/

[Best Dreams]

Do you have a link to this news you are talking about? If there is none then this is not yet a news. It can be classified as rumors or just speculation. India can ban bitcoin just in their country. It won't be able to ban bitcoin in general. China tried to ban bitcoin but look at what happened, ends up regulating it. There is nothing wrong with bitcoin, government may say that bitcoin is used for illegal activities well so as the traditional currency. Point is, it is not possible to ban bitcoin or it may be possible but that is to ban internet usage on the country.

No I don’t agree with this because bitcoin is now legal in India and it’s not easy for any country to make something legal it take a time and I think after a long thinking India took this decision so I think India is one of the big country in world with high population so they will not ban bitcoin I think they will support bitcoin because still in India there is a poverty.

[dificanovi]

i think india country is not possible to ban bitcoin in its country. residents in the country of India are many who know bitcoin. bitcoin greatly helps the economy in the country of india.

[FaithETH]

Please don't post news that you're not aware if they are true or not. It may be pure speculation even with an article. Thing is, China is threatening to ban bitcoin and cryptocurrencies, why not India? It's purely an attention stunt to attract investors and bitcoin savvy people to come to their country. They also want a piece of the crypto-pie. That sounded ridiculous, but you get the idea.

[a4techer]

I think this news was not true because they think theu ban bitcoin even thou thay can use bitcoin for there business or for there economy to help there country men to less poverty so that why are they thinking that they ban bitcoin they insane if they are ban bitcoin but for this is not true because it have a big help for them.

[xuan87]

It will be bad if the government is banning Bitcoin, as we know Bitcoin has opened a lot of job opportunities, so if the governments shut it down there will be a lot of unemployment, from what I read that the government seems serious want to banned Bitcoin, and a lot of sectors also support of the banning, so I think this could be a serious situation

[sensei stupid]

I do not know I can not imagine that, because I am not an Indian myself, and for the rejection problem, not only in India there are rumors about bitcoin rejection, but there are other countries who say they will refuse Bitcoin, the point is yes maybe because they think later bitcoin can outperform their own country's currency

[bozo333]

I do not know I can not imagine that, because I am not an Indian myself, and for the rejection problem, not only in India there are rumors about bitcoin rejection, but there are other countries who say they will refuse Bitcoin, the point is yes maybe because they think later bitcoin can outperform their own country's currency

I thing not it will be end for the future. It will improve the future process and improve the country people growth and gather more information for the business investment. people will be growth country will be growth. So it will gather more information for the investment  gather the future growth. Most of the people use the bitcoin for transaction process.
It good for the country people growth. Counit the country.

[aizen10]

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/

as i know the government of india has also invested in bitcoin, so they cannot just banned bitcoin on their own country, india recently accepted bitcoin, if this news is true, why do they invest in bitcoin when they suddenly banned bitcoin after investing on it. this is just a rumors and more speculation, this not going true.

[fanbeila]

Indian government has not yet announced such statements officially.They are totally confused about deciding legalization of bitcoin.Early,they had such idea.But latter,they took a U-turn in their decision and formed a committee to discuss about legalizing bitcoin.Already,indian economy has collapsed due to demonitization and high GST taxes.I think that government will not take any such steps of banning bitcoins to get criticized once more.

[sergio-faucetbitcoin]

I don't think that will happen ... and if it does India will loose a big oppurtunity and it will change nothing for the growth of Bitcoin ! We could see it lately with China.

[mrzeta]

 ::)BTC, the distributed currency, is not prohibited by a country! Don't worry

[sumanto]

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/

india ban bitcoin? are you kidding? bitcoin in india is very proud of it and india already use bitcoin as their payment tool, so what you spread is probably only fake info.

[peach56]

This would be a huge shame for India, not just because it fundamentally goes against the main principles of Blockchain but would also impact many livelihoods of Indian families who rely on family members in participating in ICO bounties to generate ETH/ Tokens for their families survival. I hope that the Indian government will rethink their stance on Cryptocurrency as it could have a devastating effect on quality of life in a country I love dearly.

[DoublerHunter]

I don't see any potential effect in bitcoin if India will ban bitcoin in 2018 because we can easily move on and have a continuous great performance even though china which is the biggest country in Asia that banned bitcoin but bitcoin is still kicking and now it is on a higher level even there are no chinese people that helping us. If they will ban bitcoin then let them do it because at the end of the day, they will regret it.

[mrcash02]

The executive director of the RBI didn't say Bitcoin will be banned from the country, I think the article's author wanted to give some polemic aspect to the quote. What was said is that Bitcoin won't be used for any payments and settlements, probably by the Reserve Bank, but not necessarily by the common citizens that may want to use it for their transactions. Bitcoin is strong in India, people there can stop an hypothetical ban if they want.

[sunno330]

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

That seems to me. May be next, or next mission Bitcoin banned in India But it is not known whether to say that it will be perfectly correct. But one more thing, if there are bits of banning in different countries, then its existence will be lost.