Bitcoin Ban In India

[gpamfmcq]

What we need to note is that India's encrypted currency exchanges are increasing, which will be a good trend, which shows that some prohibitions do not prevent people from investing in bitcoins.

[Halbax]

Bitcoin is not banned in India. It is not considered a legal tender. Neither is gold. You can sell your Bitcoins to an exchange in India or a person.

[yyourboss]

The government of India may be worried about the risks in encrypted transactions, which are considered by many governments.

[CoinFoxs]

"India's highest court has declined to end a ban enacted by the national central bank that bars the country's crypto exchanges from doing business with regulated financial firms".

Reference : https://www.coindesk.com/indias-supreme-court-continues-ban-on-cryptocurrency-exchanges/

[jmvzlfyg]

I know from my friends that in India it is still relatively open to bitcoin, which is a relatively free country, and will certainly not be completely banned in the country of bitcoin.

[abonti]

I think Indian government do not ban bitcoin now, but the indian government says that they do not regard crypto as a legal tender and will try to remove payment by using coins like bitcoin.

[Crypbull]

As I know Still not confirmed it from the Indian government, Still under supreme court case, and not get a decision yet, It is a ban or not but there is some restriction,

Most of spread the rumours keep calm and be aware from the rumours

[tonysitaly]

It is impossible for bitcoin to be completely banned in India. There are already many India IT engineers working in Silicon Valley investing in bitcoin, which is known to all.

[kazakovv]

I think that this is just the manipulation of the market. There were no official statements. Therefore, so far, everything is fine.

[aezotxmb]

A total ban is impossible, but the Indian government should enact measures to limit bitcoin trading.

[wtbhitlv]

It may be that the country's foreign exchange will be consumed because it is very convenient to use Bitcoin, so a big country like India will be very worried about this factor.

[Sihab76]

False news i don't believe this false news, always i ignore this type of fake news. But Indian bank don't permit open trading system without permission of governments.

[TanteStefana]

Any one From India?

Is it true that Cryptos will be banned in India??

Do we have to Pay taxes to Indian Govt. For keeping Cryptos

I have heard that already that government in India has banned the cryptocurrencies but for sure I'm not familiar with the requirements and what actually is Forbidden there,  need to know more in case if it will happen in my country also.

[ppifvtpu]

It is not just a country in India. I think most countries will soon begin to collect taxes on bitcoins. This is only a matter of time.

[Maiscoinyelo]

Any one From India?

Is it true that Cryptos will be banned in India??

Do we have to Pay taxes to Indian Govt. For keeping Cryptos

I hope that this news is not true because there are many people in India that wants to invest and trade in bitcoin. I think that we don't need to pay tax for Indian government because bitcoin is decentralized.

[Lazykarl]

They don’t like Indians trading in Crypto, hence they have decided to withdraw their support from all the organisations that are dealing in crypto.

[anushkasachith888]

As I heard there are even Blockchain training institutes in Mumbai. So I don't think that India will ban bitcoin or Cryptocurrencies. There could be some regulations. that's very normal.

[jeamfpvd]

India does not have a comprehensive ban on bitcoins. There are many IT workers in India. Their acceptance of bitcoin is very high. The government of India may only have some regulatory measures for bitcoin.

[Aroma92]

Soon I'll go to India. Will I be able to use my crypto assets there, or should I be very careful?

[rajkr]

Government has no directly ban the crypto currency in INDIA. So the case  is in supreme court , it can provide some relief and come up with some rules.There are many companies who got license from indian government for crypto trading , so they can not be easily thrown out o country.