Bitcoin Ban In India

[cryptopranto]

If they took taxes to unban crypto.I'll still love to pay tax instead of getting banned..  I hope today we'll have a positive hearing from the court. just crossing  fingers

[Mota satish]

Bitcoin cannot be banned by india country.And they also want to adopt Blockchain Technology to make a successful digital India.

[wizmo]

No bitcoin is not banned in India but they are trying to make laws regarding bitcoins. There were some rumors that bitcoin is banned in India it all spread by the Indian news channels and the news papers but reality is RBI is keeping all the people aware that bitcoin is risky and any loss will not be their responsibility but people and media took it wrongly. Government set up a committee to whether regulate it or restrict it and now it will depend on the committee's report.

[Bitcoininvestment]

Theres really no confirmation regarding the ban of bitcoin in india which means it is still a speculation. There may be some restrictions regarding its use but not really completely banned. Banning bitcoin in such country would really be a loss to them.

[edwardsolo16]

The vast majority of the negative news about bitcoin and the cryptographic money totally are most circumstances bits of gossip and FUDs spreading Lie's in other to exploit the market, they are out of stock and are searching for approaches to cause freeze in the framework with the goal that amateurs will start to race into freeze offering and they purchase shabby. The administration can just place a few directions on it tasks yet not add up to boycott.

[hknknitin]

Bitcoin and other cryptocurrencies transaction has been banned in India by the Supreme Court. They have banned it stating that the currency must be in physical form with the government's stamp on it.

[HeatherRamsey]

India says it does not consider the code to be a legitimate bid and will try to remove payments using coins like bitcoin. If the digital currency finally faces the ban, it means that sales dropping can lead to slow Bitcoin prices.

[yyourboss]

This is the wrong message that many people in India use Bitcoin, which cannot be banned.

[TmottaDing]

Maybe there is a huge community of bitcoin coming from India, but it does not make much sense in here, i mean, there are a lot of people from there, but most of investments are coming from other countries, so it does not affect much after all

[adhikari98]

India’s Supreme Court has upheld the central bank’s directive of prohibiting banks from offering services to the domestic cryptocurrency sector in July 20,2018. India’s Supreme Court sets September 11 date for final cryptocurrency petition hearing .Howerver, it is rumored an inter-governmental committee of multiple ministries tasked to form a framework for the cryptocurrency sector isn’t considering any outright ban of cryptocurrency trading. Instead, authorities could enforce new regulatory norms that are likely to classify cryptocurrencies as commodities.

[lagista]

this is a big disadvantage for India in my opinion, because with a large population may be able to utilize bitcoin well. but this may be the government's consideration of the established regulations and this may be the best for India.

[Ismat Morshed]

Bitcoin and other cryptocurrencies transaction has been banned in India by the Supreme Court. They have banned it stating that the currency must be in physical form with the government's stamp on it.But
many people in India use Bitcoin, which one cannot be banned it.

[Yazrielle]

As i've heard india central bank officially banned bitcoin and other cryptocurrencies along with they statement they say they will be launching their own fiat currency. The Central Bank says entities regulated by RBI will not be dealing with or provide services to any business or individual dealing with cryptocurrencies effective immediately due to the risk it possesses.

[kimdungtruyen]

Bitcoins are not banned in India but they are trying to implement laws related to bitcoin. The government set up a commission whether to adjust or restrict it and now it will depend on the committee's report.

[135cc]

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

Im still don't know how the exact decision of India's governments regarding to the bitcoin. I think they still considerating the negative or the positive side if they decided to banned the bitcoin in India.

[lobster88]

So, it seems like Bitcoin to be banned in India is not yet final, because it will still be depends on the committee's report. So there are still hope for what the country of India are planning regarding the use crypto currencies by their citizens. I hope this will not happen to other countries but a good news.

[tobreak007]

The Indian government set up a commission whether to adjust or restrict it and now it will depend on the committee's report. The government can only put a few directions into its mission but not add to the boycott.

[Bakugan]

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

As far as I know india's supreme court didnt banned bitcoin they just made some regulation regarding bitcoin. There is no confirmation about that. They are trying to implement laws about bitcoin

[Magkirap]

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

So this "rumor" is already spreading. India didnt ban bitcoin they just provide laws regarding bitcoin since some of india citizens is afraid to risk. It will now depends on the commitee's report. Any confirmation about that? lets wait until they announce something about that.

[temperatunre]

Bitcoin and other electronic money transactions have been banned by the Supreme Court in India. But many people in India use Bitcoin, they can not ban it.