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Author Topic: Bitcoin is not illegal in India  (Read 266 times)
akkocoin
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February 06, 2018, 03:38:57 AM
 #41

You are right, why panic? Spokes of rumors are scary. Although I do not know why they want to spread rumors, perhaps to cause panic and buy bitcoin at low prices, I just hope we will not be fooled.
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February 08, 2018, 11:46:16 PM
 #42

Fake news seems kinda crypto killer! we really should stay away from such fake pushes.

How you can stay away from such news? Its spreading very wide around us.
It has very bad effect to our asset in crypto because cryptocurrency is responding the news no matter fake or real. This problem that crypto user have.
Actually we should learn more in experience and not to panic again in the future if we are facing like this problem again.

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February 09, 2018, 02:36:56 AM
 #43

I think it's not because I read the news on the website that it's ok India is not so illigal .. and it's legal for india all can be bitcoin


hopefully this news is true and clearly the impact of a country prohibiting the circulation and the like for bitcoin, will have an indirect impact for other countries, especially for the surrounding area.
hopefully all can be useful, because for the benefit of many people.

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February 10, 2018, 12:16:54 PM
 #44

Many people are selling their bitcoin with low price due to fake News.
The Finance Minister of India had said that investing your money in cryptocurrency is your own risk.
They not mentioned cryptocurrency is banned in India.They may have a idea to regulate the bitcoin in their country to collect some taxes in the name of bitcoin.
So don't get panic and sell your bitcoin at low price.Just hold your bitcoin.
After Chinese New year ,we can expect huge raise in the price of bitcoin.
Yes you are right mate they are broadcast a fake statement regarding bitcoin status in Indian country. They are no banning bitcoin their but they did not legalized bitcoin in any transaction, besides they are embracing a blockchain to their country. The core concept of blockchain is a decentralized and fully transparent peer-to-peer transaction ledger, where the users on the network monitor and verify all transfers of money. So stop spreading the FUD news about bitcoin banning on Indonesia that may affect the bitcoin price movement. After this Chinese new year it will bouncing back again the price of bitcoin.
Let's just hold on and have patience.
I think one thing we should do is ignore those fake news, because there are people don't like btc so they make a negative news. We don't need to worry, we must know first some details and information, don't get panic and don't believe it immediately. We should continue hold our bitcoin and give more trust. Because of this fake news causes the bitcoin fall. Its impossible that India ban bitcoin in their country, because its a big help to their people today. I think this news is make people panic around the world. The best thing we should is focus in our investment. We believe on the few months btc will rise again.

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February 10, 2018, 12:33:18 PM
 #45

Many people are selling their bitcoin with low price due to fake News.
The Finance Minister of India had said that investing your money in cryptocurrency is your own risk.
They not mentioned cryptocurrency is banned in India.They may have a idea to regulate the bitcoin in their country to collect some taxes in the name of bitcoin.
So don't get panic and sell your bitcoin at low price.Just hold your bitcoin.
After Chinese New year ,we can expect huge raise in the price of bitcoin.
Yes, Absolutely right said. India government didn't banned Cryptocurrency officially. That's mean anybody of Indian can invest in crypto.
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February 25, 2018, 11:28:07 PM
 #46

Does Anybody know what situation is now?I have heard China blocked an ICO, is it true?
And second, what about America? Great Britain?

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February 26, 2018, 12:06:24 AM
 #47

People must Looking for news from reliable sources...ther is many fake news Especially from the parties that did not benefit from Bitcoin

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February 26, 2018, 01:57:07 AM
 #48

Fake news, every where fud spreaded. because they want to destroy bitcoin value.
so they can buy bitcoin at the low price. lets not fall into their hand.

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February 26, 2018, 02:03:50 AM
 #49

The cryptocurrency revolution has helped India a lot. Indians are increasingly obsessed with bitcoin as a lucrative investment. Encrypted money is neither illegal nor legal in India.

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February 26, 2018, 02:04:28 AM
 #50

There was a wrong interpretation of the statement of finance minister. The finance minister said ""The Government does not consider Cryptocurrencies "as Legal Tender or Coin" and will take all measures to eliminate the use of these Crypto Assets in Financing "Illegitimate Activities or a Part of the Payment System." and media started shouting it like a breaking news without understanding his actual statement.
thats why they are called media,to make news either truthful or fake whats important to them is the traffic they can create by making such news,and i believe the problem is about us,the users whos believing instantly to those write ups about anything.maybe we should learn how to verify every issues since we are literate of using internet

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February 27, 2018, 01:24:45 PM
 #51

At one time I came across a good leader who clearly explained to me how to make money.
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February 27, 2018, 01:37:23 PM
 #52

Many people are selling their bitcoin with low price due to fake News.
The Finance Minister of India had said that investing your money in cryptocurrency is your own risk.
They not mentioned cryptocurrency is banned in India.They may have a idea to regulate the bitcoin in their country to collect some taxes in the name of bitcoin.
So don't get panic and sell your bitcoin at low price.Just hold your bitcoin.
After Chinese New year ,we can expect huge raise in the price of bitcoin.
I wonder why people don't verify the authenticity of news before picking it up and making decisions out of it. Bitcoin is never illegal; the minister was right by saying that investing your money in cryptocurrency is your own risk because no one regulate bitcoin and lost coins cannot be tracked; but that doesn't make it illegal

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March 02, 2018, 02:24:23 PM
 #53

Many people are selling their bitcoin with low price due to fake News.
The Finance Minister of India had said that investing your money in cryptocurrency is your own risk.
They not mentioned cryptocurrency is banned in India.They may have a idea to regulate the bitcoin in their country to collect some taxes in the name of bitcoin.
So don't get panic and sell your bitcoin at low price.Just hold your bitcoin.
After Chinese New year ,we can expect huge raise in the price of bitcoin.
Bitcoin is boon for the entire humanity and has that potential that it can bring modernization to entire world but due to no governing body over BTC, many countries has denied it's use but still in India government not declared it illegal but the finance minister of India declared that they are not responsible for any kind of losses regarding BTC but u can own ur BTC and that is  not illegal, the countries are disowning because of their security issues because there is no governing body over BTC but with time this issue will be sort out and then everyone could use BTC


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March 02, 2018, 02:26:53 PM
 #54

Exactly, there are a lot of people who still think that bitcoin got banned in India, but what the finance minister of India actually said was that they'll be trying to control the illegal activities that are being done using bitcoin and they didn't and won't be actually banning bitcoins. They might be imposing a tax on it soon. All the other fake news which caused a lot of panic was being shown by the media.
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March 02, 2018, 03:25:13 PM
 #55

Yes, that's right. The country can't really banned bitcoin or the other cryptocurrencies. They just make you afraid and sell your bitcoin for the low price. They just want to us as bitcoiners pay the tax for government. Coz they know how much we can got profits from bitcoin or the other cryptocurrencies.

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April 17, 2018, 09:27:16 AM
 #56

That will be the same like in Russia first it was illegal but after 1-2 year governments will accept it and will start rising money from crypto also from taxes and etc.

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April 21, 2018, 09:50:42 PM
 #57

Many people are selling their bitcoin with low price due to fake News.
The Finance Minister of India had said that investing your money in cryptocurrency is your own risk.
They not mentioned cryptocurrency is banned in India.They may have a idea to regulate the bitcoin in their country to collect some taxes in the name of bitcoin.
So don't get panic and sell your bitcoin at low price.Just hold your bitcoin.
After Chinese New year ,we can expect huge raise in the price of bitcoin.

Bitcoin it will be the first cryptocurrency accepted on everywhere (right now, it is almost like that)
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April 30, 2018, 03:11:37 PM
 #58

At the moment bitcoin has not been outlawed or banned, but India’s major finance institutions do not recognise it as legal tender.india’s complicated relationship with bitcoin is all the more bizarre because neither the Government nor the Reserve Bank of India (RBI) have officially clamped down on it, but have approached it with a palpable degree of hostility.

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May 04, 2018, 03:40:18 AM
 #59

The news is hitherto confusing .. some say India forbids bitcoin and now you say bitcoin in india is not illegal.
this seems to confuse the public ..
Apart from all that I hope there is no more false news and false news and we know that there are many blockchain projects coming from India.

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May 17, 2018, 02:11:09 PM
 #60

Atfirst I have to say, many men,many mind.Some says ago, we knew the govt.of India didn't allow bitcoon.But at present the govt.of India accept bitcoin.Although the govt.takes some taxes from bitcoin user 's.Now Nepal and Bangladesh don't accept btc.We can hope,the two countries will consider about btc to accept.
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