Crypto currency in india

[Gundeep]

This is only to check the view point of the public as a whole

[1713961095]

1713961095

[1713961095]

1713961095

[1713961095]

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[kabit9]

Why steps only "against"?  Why not steps to sensibly regulate and tax it?

[btcblockchain]

RBI and Govt formed Inter Government constitutes an Inter- Disciplinary Committee


Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies.

The Committee to submit its report within three months



http://pib.nic.in/newsite/PrintRelease.aspx?relid=160923

[reliable]

RBI and Govt formed Inter Government constitutes an Inter- Disciplinary Committee


Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies.

The Committee to submit its report within three months



http://pib.nic.in/newsite/PrintRelease.aspx?relid=160923

In recent times the government has warned against the use of btc or said to do it as per one risk. This can be a cautious approach from government side by stating that they had already warned people against it. This can go in both way as they can even ban it because they have already warned its users.

[Alok_Yadav]

I don't think the steps will be in against of the Cryptocurrency. Why would the government do so ??

[sgk]

They have already stated that crypto currencies are impossible to "ban". So the most they can do is regulate them and imply income tax on the gains, which is fine by me.

[ensign_lee]

They have already stated that crypto currencies are impossible to "ban". So the most they can do is regulate them and imply income tax on the gains, which is fine by me.

Having it banned will cause a black market formation, which again will be flooded with high volumes of illegal trade where the greed for profit never stops.This looks to be the right move to make it neither legal nor illegal in the current scenario.

[ETHtotheMOON1]

Yes