India Banks Ban BTC purchases: 5th April

[croptodic]

People are panicking for this news. But, this won't actually effect onbitcoin anyway. There're many countries which are legalising bitcoin to transact with it. The way bitcoin's popularity is spreading, probably oneday India will withdraw their ban.

[raahi]

Yes I saw that news yesterday that cryptocurrency is banned by India I think it’s a not good way to deal with cryptocurrency as cryptocurrency belongs to the future and if they ban bitcoin it will affect them in future when other countries will start to accept bitcoin and altcoins as normal currency.

[arienna23]

Is it really true? I didn't read this news on any other website. I guess this is gonna affect Bitcoin even more. Market is already down for a long time.

[kucritt]

damn, its a very bad news for us, 1 big country has banned bitcoin in their country, i hope that its not makes other country banned the bitcoin, i hope that the big company and big country using bitcoin to makes their country lead in economy and tehnology

[GeorgiyBilyk]

this is a temporary reaction of the government! I'm sure that now very many countries are opening their doors to the crypto world! on this I am sure that India and other countries will sooner or later open their doors and take bitcoin as a payment system!

[Invest.Ort]

I think this is just another manipulation of the crypt, I'm sure that after some time they will again sell the crypt

[SummerBliss]

Stop spreading FALSE NEWS! Government has given 3 month notice to wind up the business with exchanges and the exchanges are already taking a legal route since there is a separate committee that has been set up by the Indian Government to look into this issue. I think it would take another 6 months to have a clear news on this topic and banning crypto trading altogether would be very negative. I am sure the government would re evaluate their decision. To know more about it, search about Ajeet Khurana on Google. He is the CEO of Zebpay and is heading this blockchain committee.

[Coroline]

I think this is a FUD, deliberately created by certain circles to drop the price of bitcoin. the end of this lot a lot of FUD in circulation which causes its drop in bitcoin prices. I think this is just a game of big guys out there. and i know India is legalizing BTC and Crypto development is getting better there. hopefully this is just news that is not true

[thanhhoian2016]

I think the Banks are stopping Crypto related dealing, that doesn’t mean ban on Crypto. Exchanges are totally fine. Banks are never gonna be friendly to Crypto. It’s not a news that should cause panic, to my sense.

[Dmitry.Vastov]

This is bad news

This ban is effective immediately

https://cryptocurrencynews.com/regulations/india-ban/?utm_source=aimtell&utm_medium=push&utm_campaign=campaign-31349

What next?

I guess people has misinterpreted the statement of reserve bank of India 🇮🇳 and that is RBI has clearly ordered all the people to Withdraw their money with immediate effect which are have invested into bitcoin and they have given 3 months time for that but it doesn’t mean that bitcoin is banned in India. Bitcoin is n private investment an decentralised crypto currency and no country have right to ban it they can only ban bitcoin from using all Indian sites and that what they did , in India you can still own bitcoin.

[stayeduptolate]

This is bad news

This ban is effective immediately

https://cryptocurrencynews.com/regulations/india-ban/?utm_source=aimtell&utm_medium=push&utm_campaign=campaign-31349

What next?

I think it’s very easy for everyone to misinterpret every thing and that the same people did with the statement of Reserve bank of India. By banning bitcoin in the country they doesn’t mean that people in India cannot own bitcoin their statement was people of India have to withdraw their money from all the Indian sites that they invested into bitcoin as they cannot stop people from using bitcoin as bitcoin is a decentralised crypto currency and its individual right to own bitcoin , people can buy can buy bitcoins from international exchanges.

[jhache]

Can we be done with these ban threads. Someday theres one country banning bitcoin the next day its another. When in reality no country has banned bitcoin yet, but still these FUDers try to create negative sentiment in the crypto community.  Every month theres the same country banning Bitcoin news, theres nothing new in this.

[Pujangga]

People are panicking for this news. But, this won't actually effect onbitcoin anyway. There're many countries which are legalising bitcoin to transact with it. The way bitcoin's popularity is spreading, probably oneday India will withdraw their ban.

Panic is just a temporary incident and I'm sure this will never be long, what happens with it is a common thing, even a great event never happened when china banned bitcoin and made the price drop 40% in a week but can recovery again even skyrocketed.