Future of Bitcoin in India

[Triwiyono]

actually I don't need to think about the future of bitcoin in India, because I'm not an Indian. but if bitcoin in India is growing, the government will accept it, maybe it will have a positive impact on bitcoin users in India. there will be many parties who get benefit. although later bitcoin was regulated by the government of india, but it doesn't matter if the user is still profitable.

[ict]

In my opinion. the future of the currency in the country will continue to grow even though the government has banned the use of the currency, because so far many countries have banned the use of crypto currencies, but this currency continues to grow throughout the country. the development of this currency depends on the technology that has developed in the country.

[Bincanet]

What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?

In fact, people are worrying that bitcoin may be banned in India in the future.

[krishnaverma]

actually I don't need to think about the future of bitcoin in India, because I'm not an Indian. but if bitcoin in India is growing, the government will accept it, maybe it will have a positive impact on bitcoin users in India. there will be many parties who get benefit. although later bitcoin was regulated by the government of india, but it doesn't matter if the user is still profitable.

What is most concerning about this is that they are taking a lot of time in framing the rules or giving the final verdict.  It not only affects the users but also the exchnages operating in India.  A lot of people we're employed in these exchanges and with reduced business,  they might have to lay off most of the employees.

[imstillthebest]

What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?

In fact, people are worrying that bitcoin may be banned in India in the future.

no we arent worrying even if bitcoin and all of the cryptos will be banned forever in india .  indian country isnt a huge country and this country isnt wealthy at all compared to any other countries but still india can somehow contribute on the recovery of cryptos if ever they wont restrict the use of it .

I think in the future more and more people realize the value of the bitcoin

yes thats true , people will only realize it when it is already too late  but that is still better than not trying at all .   adoption is really the key to help bitcoin to to get out of its comfort zone  .

[alinapvlvch]

if do not forbid and will not begin to build barriers to its development, then the future promising in India. It is the country which has big talents and professionals.

[manfredmann]

What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?

It will depend on the regulation being set by your government. Here in our country which cryptocurrency was also been regulated found out no problem with it. In fact it could be more encouraging for the community to invest on cryptocurrency. I know that regulation can be one of the key to let cryptocurrency grow more.

[shadyrifles]

Recently, One of India's largest cryptocurrency exchange moved to Malta due to tight regulation for cryptocurrencies in India. The Reserve Bank of India and Indian Government has shown no interest in cryptocurrency and Bitcoin since the beginning. All we can do is wait and watch for the next hearing upon the counsel court which is going to be listed on the 15th January 2019 about the regulation of cryptocurrency in India.

[uotbtc8611]

a revolution that is slowly paving towards a connected world, that is bitcoin/blockchain technology. it has brought innovation and new opportunities across the world in different sectors so, it not now but later India has to accept bitcoin/cryptocurrencies...

[Amevalentine]

What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?

I think the future of bitcoin in India is extinct because it is not needed and does not develop anymore and it would be better to donate in another country or country of Indonesia

[Ronnie colman]

india the people they dont know about bitcoin....people have to update

[tonywick]

i hope in future India will accept the bitcoin and to utilize the forward technology investing their money.

[patrikpat1]

i think in future India will accept the bitcoin for economical development of the country. 

[Koobtcgal]

I think India is not the only country facing these issues of ban and other restrictions to cryptocurrency use. I don't blame their government as well because crypto is very risky and for that reason, if they don't make regulations to prevent this, their countrymen will lose a lot in future and blame their governments. Many people also believe that crypto will destroy most countries' economy.

[karashika0577]

It will be said unfortunately that there is a restriction on crypto currency in India. Because of the Bharat leaders, the ignorance of the government and the ignorance of crypto are also due to this. If the condition is the same then the future of crypto is in darkness in India. And if India adoped the form of crypto and if people of the people become aware of crypto, then there is no doubt that the future of crypto will be golden in India.

[Ethan Argu]

Time will come leaders in politics will recognize the importance of crypto in a small community. I guess they study how it works and how does affects in business industry it will regulate in future they will realize the function that can help many people.i think india will be the one of example to build a crypto in the near future.

[ansarose1]

The first thing comes into my mind is bitcoin banned in india? Well i think if they open it up for the cryotocurrency in their country maybe it could give advantage and good future for bitcoin and cryptocurrency industry.

[William.vk]

India has banned crypto currencies or is on its way to doing so. But I think it's a very hasty decision. Bitcoin can significantly improve the economic picture of this country like any other. It is impossible to prohibit this currency, but rather to support it.

[deppil]

India has banned crypto currencies or is on its way to doing so. But I think it's a very hasty decision. Bitcoin can significantly improve the economic picture of this country like any other. It is impossible to prohibit this currency, but rather to support it.

India is a developing country with a huge amount of unemployment. I also thought why did their government do that?
whereas if bitcoin grows freely it can be a problem solver for the problem of poverty and the lack of jobs

[globalking]

yes, it will happen one day as if now I don't see any possibility but I believe they will come up with regulation soon.