Bitcoin in India.

[reflector]

Every world country government are deciding buy their own, some coutries has already accepted bitcoin as a currency, some of them have alreadyforbid it.

But the status of crypto currencies are still neutral in India the cantral bank just asked everyone to stop dealing with bitcoin but it is not statement by government and now there is an exchange appealed on Supreme court about the decision of central bank of India,so still the condition is favour for crypto currencies.

Fake news you are sharing here. Please read the complete the press release has been shared by the Reserve bank of India. End of the day itself many resources confirms that headline information about crypto currency act on Reserve bank is false news.
Still you guys are believing that and spreading it means what to say.
Keep in your mind Indians are part of the bitcoin with the 120 billions worth of volume. If India banned also Indians will use it for long time.
Cannot regulate like China, India is worst politicial influence country.

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[Topaz72]

This will tell you how selfish some government are,they will will not accept because of it decentralized nature and this is of no interest to the government because they can not control all transactions coming from cryptocurrency investment.

If the people of that country will support bitcoin then they will have to accept the presence for bitcoin, no government can hold the coin and over bitcoin which is making them hate it, but if we look at the benefits of bitcoin we will know how good it is to make the condition of country better in very short time, I think they should love the same way as Japan, south Korea and now the Philippines who are accepting bitcoin legal and some rumors are saying that India is in the list too.

[richardsNY]

they should consider that cryptocurrencies have so many aspects that india can be improved.

It's something they ignore on purpose. Corruption isn't meant to improve the country, but just stimulate corruption to remain thriving within the current system, which is the sad reality. China and India have always been paranoid, and this once again points out that they haven't changed at all. The government doesn't care about people, so why should people care about their government? I am all in for an anti government revolution to claim back what they have taken away from us for decades. The perfect reaction to these sanctions would be to set up local Bitcoin economies where there is zero fiat involvement. It's even a totally legal move since no one is doing anything against the law.

[FurDich]

Since bitcoins are being pushed in India with a lot of vigour, an inter-ministerial committee in India has been set up to study the legality of bitcoins in the country but until now nothing conclusive has come out.

I'm so happy that not only the country of Japan will support bitcoin but also in India.I hope a lot of possible happened coming from crypto currency that all nation support on it.

[stellgod]

The recent update is that Indian exchanges have went against the decision of RBI in high court. It is possible that court may reverse the decision made by RBI.

Bitcoin in India is unluckily not legalized yet and is banned by the government. A huge portion of the whole population of the world live in India and legalizing the technology in the country will bring revolution in the technology. Besides, there will be an unexpected jump in the value of Bitcoin since the technology will be free to be used. But the government has their own interests and follows a different way.

[duskycowardicel]

As my personal opinion, there are two parallel world one of which runs on fiats and other on btcs. We should not mix them up or it would unstabilize

[slushee]

NOt only Indian Govt. but many Govt are pressurised by the fiat companies to keep back the decentralized cryptos and so Govt is forced to do so

[Netnox]

Since bitcoins are being pushed in India with a lot of vigour, an inter-ministerial committee in India has been set up to study the legality of bitcoins in the country but until now nothing conclusive has come out.

I'm so happy that not only the country of Japan will support bitcoin but also in India.I hope a lot of possible happened coming from crypto currency that all nation support on it.

India is just the opposite of Japan as far as Bitcoin legality is concerned. The Japanese government want to encourage the use of crypto-currencies and regulate the market. On the other hand, the Indian government want to discourage its usage and seize funds from the crypto-users.

[hubballi]

Recently one big exchange have gone to court against the RBI regulation of giving bank instructions to stop the accounts who are in cryptocurrency trading. and giving all exchanges 3 months time to close the business. India is a democracy country and people have rights to do any financial transaction with any products unless it is illegal. Just waiting the result of this suit

[SchiefelbeinBTC]

India is the one of the best giant market on btcs. India is not taking a right step by illegalising those coins. They would suffer later

[emelyanova]

Govt should reconsider and make it legal.

[Pelevelyl]

Cryptocurrency may not be a legal tender as long as the government will not control the emission of cryptocurrencies

[KourtneyK]

I think probably because they feel threatened if everyone is going to use bitcoin. And lets all face it, bitcoin does have some flaws too and if you usenit for illegal activities then it would be the start of the end of cryptocurrencies. And ai think thats really one of the major reasons why they dont want to legalize cryptocurrencies.

[bocyaj]

I had read in a crypto news ,Indian government had get deep analysis about bitcoin now.If bitcoin become legal in all over the world.Surely India announce bitcoin as a legal one.Due to price volatile,Indian government announced it is not legal one.For this reason china asked their people to inverse in Gold and Silver.

[Sidiq SP]

if in my opinion is how to get the government to acknowledge this cryptocurrency as legal, after that work with all parties associated with cryptocurrency to benefit all individuals, governments and investors, do not even block and try to ban because this is something that the society is very waiting for this moment

[AAfunctionaluppityF]

if spies work over Govt  itself, many local leaders can be found trading btcs with Govermental funds. They have aimed to stop such corrup

[fianaindriati]

if spies work over Govt  itself, many local leaders can be found trading btcs with Govermental funds. They have aimed to stop such corrup

even if it aims to eliminate corruption, I strongly agree, because in every country there must be people who are corrupt, and corruption is very menyesahkan our citizens

[Roboabhishek]

NOt only Indian Govt. but many Govt are pressurised by the fiat companies to keep back the decentralized cryptos and so Govt is forced to do so

The government is threatened by the power of cryptocurrency and what it can do and how it can affect the money they make.
This is one of the reasons behind the objection of the government in cryptocurrency.

[lehuong]

In recent months, the Indian government has discussed the legal framework for how best to integrate the burgeoning digital currency into its structure. A special agency has worked to determine the legality of such things as Bitcoin by law in India

[David Way]

Bitcoin / cryptos wil be huge in inida... as the popiulation is too huge and more populations means more mobile devices (money making machines)