Now its India's turn.Indian Supreme court asks government to regulate bitcoin

[lighpulsar07]

Yeah it is necessary since bitcoin network cannot be controlled by any entity and also the anonymity of it makes the cybercriminals make a fraudulent transaction like drugs so, they had to put some sanctions to bitcoin services like bitcoin exchanges to control bitcoin from the outside and also to stop the cybwecrimnals doing illegal activigie on the internet

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[Rinder]

Some countries had understood thats is better to regulate crypto then try to go against it, since at the moment there is no way to stop more crypto world, the best thing they can make is to regulate it soo investors can get some kind of protection agains scammers. India is doing the first step before the legalization that is regulamentation, soo as China they are taking care of the people wich does invest into crypto.

[partysumo]

Good news. Regulation = legitimacy, meaning people will not be afraid of bitcoin, allowing it to expand even more.

[salihno71]

Regulation itself is not a necessary bad thing per se. If done properly, it should better the environment and facilitate further growth in both value and acceptance. However, there is always a fear of the influence of those who are powerful and have influence on such choices.

[Harley29]

USA,CANADA, CHINA and now INDIA.
Its growing.Now India is trying to regulate Bitcoin.

Source : https://www.coindesk.com/indias-supreme-court-calls-government-regulate-bitcoin/

Though the correction on the website says that the court just asked the government to respond to a petition, but it can be foreseen that, Its India's turn to regulate ICO's or Bitcoin.
What happens if India regulate bitcoin and ban all exchanges.How do we Indians get our money back in INR( Indian currency) which we have invested in Bitcoin?

It’s a very great news and I knew that India will regulate bitcoin because I know that India need bitcoin for its people because still in many part of India there is still poverty and bitcoin is only currency which change a life of people and India is such a largest country in world so I think if bitcoin become regulate in India so it will help to bitcoin as well.