RBI ban Bitcoin?

[vagsun]

Its a small market in crypto terms. Who cares?

Your statement is totally fallacious. India cannot be considered as a small market as it is one of the most populated countries.
Well I am not sure regarding RBI ban ,but i have listened a news from some source that India's finance minister Mr.Arun Jaitely has said in one of his  speech that crypto curreny will not be legalised in India in future. So lets see what happens and we must wait for the official notice by RBI regarding this.

[GilbertQuintanilla]

Though i'm still confused about this news because i still don't get any reliable source but if it is true then it could be another shocking news for the bitcoin users.

[HiringYou]

The legal status of Bitcoin in India is still not clear. RBI has filed a case against the digital exchanges dealing with Bitcoin due to which a temporary stay has been imposed on them .The decision regarding the working of  these exchanhes was to be made on 20th july but now it is postponed and will be made on the next hearing that is on 11th of september 2018.Then we will come to know that whether these exchanges will work or not.So we can't say that Bitcoin is illegal in India.It is just a temporary stay on the exchanges imposed by the supreme court.

[rolls89]

That's sad.They Ban Bitcoin and then there is news about Jiocoin. Seems something fishy

[pujarihema]

It was clear from the beginning that RBI/Govt. is going to use blockchain in the future but they don't support crypto.
And in the month of April, 2018, RBI has banned all banks and wallets from dealing with Bitcoin and any kind of cryptocurrency.

[phanquan5111994]

Yes!!
RBI is a densely populated country, however despite the high population density, most of the people there are not knowledgeable about coding terms!
However, I am not sure that your information is correct !!

[nicko122]

Heard some rumors about the ban of bitcoin in India, but I do not know the exact information. It will be hoped that this will not happen.

[Nabilo]

India is a very populated country if RBI ban bitcoin then it will definitely gonna effect the market.

[bitterguy28]

well india has one of the biggest population but we dont know if they have more people know about bitcoin.. well if it so the market will affect this news

I agree with you buddy and  the thread topic didn't include the proof  reference if that's true or not how people can sure that's news is legit and not a fuds news.

[elenora]

Its a small market in crypto terms. Who cares?

What you mean by small market?India is one of the more populated country in the world holding 132 million people which is small?

But I don't know this is a true or false new,can anyone confirms that the news is true or not?

India May Treat Cryptocurrencies As Commodities, Instead Of A Complete Ban with this The Indian Govt Plans To Launch Crypto Tokens For Financial Transactions and Indian State of Telengana To Sign MoU For Blockchain Technology

[makanele]

This does not restrict Indian crypto users from using localbitcoins.com or crypto for fiat transactions and vice versa with other encrypted users. In some countries this illegal bitcoin is at the same time. Similarly, the Reserve Bank of India does not accept this bitcoin.

[Dmitry.Vastov]

RBI ban Bitcoin?

A notice came on 03/04/2018 from reserve bank of India 🇮🇳 that all the crypto traders have to withdraw their all money that they has invested in bitcoin and within 3 months of period, crypto will be banned from India and then after exact 3 months on the month of July, crypto has been banned in India but it doesn’t mean that holding or owning a bitcoin will be illegal in India 🇮🇳, we Indian are unable to use any domestic exchanges but we are free to use any international exchange as bitcoin is a decentralised crypto currency.

[stayeduptolate]

RBI ban Bitcoin?

We all know that bitcoin is a decentralised crypto currency and no currency has the right to ban the bitcoin internationally and if any country is banning bitcoin from its nation then it means that its citizens will not be allowed to transact bitcoin through any of the domestic exchanges like in India , Zebpay is the domestic exchange but we Indians are free to use any international exchanges for transacting bitcoins and even local bitcoin like peer to peer transactions is also a good option.

[team87]

I don't even understand the exact reason why RBI prohibits bitcoin. but I am concerned about this news. certainly bitcoin users in India will be saddened by this ban. be patient.

[BlockchainGod]

It seems to me that this is of little importance in the market. In my country, bitcoin has been banned since 2015 and this does not prevent me or my friends from buying and selling it. We even have a cafe that accept bitcoin and other crypto-currencies.

[Sovaivncb1996]

The Reserve Bank of India (RBI) said Thursday that banks and financial institutions under the control of the RBI would be banned from cooperating with e-currency trading platforms or participate in activities related to electronic money.

[spazie]

The RBI positions itself as merely seeking the interests of consumers, while also citing claims that are often used that cryptocurrency is only a tool for criminals and those who want to damage market integrity.

[Minerall]

The Reserve Bank of India has made a very bad decision. They need to review their decision. I hope that it is just a temporary ban. India is an upcoming economic country with a lot of youth wanting to invest in Bitcoin. They will be left behind if they did not review it.

[Odlanyer]

Bitcoin have cross the stage of ban distractions and more country of the world would join and accept bitcoin as transaction medium, India is the most populated country country in the world and also in the world of internet and technology so it not possible that people there not using bitcoin even it banned, I think still continue to patronize cryptocurrency in their country.

[perla]

The Reserve Bank of India has made a very bad decision. They need to review their decision. I hope that it is just a temporary ban. India is an upcoming economic country with a lot of youth wanting to invest in Bitcoin. They will be left behind if they did not review it.

I think government can do anything include to support bitcoin again, only need time until they know if bitcoin can give more advantages than bad affect. They only don't know yet for now