Future of Bitcoin in India

[Sanu Simon]

In recent days the contribution to the cryptocurrency network from India is found big. This is seen as a positive sign for the growth of bitcoin and other forms of growth along with technology. Now such a step from government makes it hard to the users from India to accept and I believe that the government will regulate and won't ban it completely.

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[megynacuna]

In recent days the contribution to the cryptocurrency network from India is found big. This is seen as a positive sign for the growth of bitcoin and other forms of growth along with technology. Now such a step from government makes it hard to the users from India to accept and I believe that the government will regulate and won't ban it completely.

I think Bitcoin is going to be big in India in the coming years because technology-wise India is ahead and it's just a matter of time for them to fully grasp its usage and massive adoption will take place. They even have the population to back it just like China.

[BitcoinMarshal]

I believe every thing has its own good and bad so this happen to bitcoin and crypto currency as well just because of this many countries not allowing their citizens to use this same happen to India government is working on this just because of this right now they are not allowing peoples to use this but in near future its going to be good for them and ll and they will allow as India is one of world's biggest giant in software industry so its very hard for them to keep away common peoples from this new age technology

[jaocoincrypto18]

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

Actually no one really know as the final judgement of the fate of the crypto currency in this nation was their Supreme court of India. We will just hope the decision will favor the Bitcoin investment which i believed it will because the law will always favor the regulation in order for the Crypto to become legal in this country. Here is the link for our reference https://www.ccn.com/breaking-indias-supreme-court-sets-september-date-for-final-cryptocurrency-petition-hearing/.

[CryptoGamblingSites]

People in India already don't trust banks or their government, so why would it matter if bitcoin is "banned"?

We cover a lot of the anonymous exchanges people in India can buy bitcoin and altcoins at currently.

Even if it is "banned" people in India can buy cryptos because the government banning bitcoin in one country doesn't change the fact people already own crypto in these countries. People from other countries will also sell it to people in countries where it is "banned" so India's government just has to deal with it.

[david.super]

The future of bitcoin in India is very bright and promising. The price will rise sharply

[jennyhoang293]

Even if the "forbidden" people in India can buy passwords because the government forbids bitcoins in a country that does not change the fact that they are encrypted in these countries. I believe everything is good and bad so this happens with bitcoin and electronic money just because many of these countries do not allow their citizens to use this happening to the government of India. This just because of this does not allow people to use this but in the near future it will be good for them and they will allow India to be one of the largest software companies in the world in the software industry.

[ombir]

What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?
Future government policies can also change in India. And bitcoin can be prevalent.

[yousuf5]

Bitcoin can be the future of India. There can be some rules and regulations and it can take some time. 
Nowadays, Indian government declare it illegal but after some time it can be legal and after making some new amendments and new laws it will be finally boom up and the future of bitcoin will be good.But soon this will change and we will see more & more people getting attracted to bitcoin.But i think India is well techie country with a lot of tech celebs. So they will make a way forward to adopt crypto and bitcoin in future.

[katarina007]

The future of bitcoin in India will certainly be brighter as any other country is currently supporting the use of electronic money. Thus, it is likely that India will monitor the development of electronic money in the future, if most countries around the world have begun to receive electronic money.

[machineskill]

according to this link - https://coinsutra.com/future-of-bitcoin-cryptocurrency-india/
India will be left behind some steps from other countries. One of the commission officials said that they would not ban electronic money and would treat electronic money as a commodity.

as statement of RBI recently - "In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs. Regulated entities which already provide such services shall exit the relationship within a specified time. A circular in this regard is being issued separately.”
 source link - https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=43574

but i dont think RBI will ban crypto because this might be a political trap.

[OrangeII]

i do not know with the condition in india regarding the cryptocurrency there. but, I think India is one of the best countries in this case, but, last time I heard that they banned bitcoin, is that true? Well, it's a shame if it's true, because I think one of the best cryptocurrency developments is in India.

[makenoise]

Today, the Indian government claims it is illegal but after a while it can be legitimate and after making some new modifications and new laws, it will eventually explode and the future of bitcoin will be good. .

[lamcouz]

There is a great chance that bitcoin could go all over the world of business market by doing transaction of payments system and promote economic growth and social responsibility by means a capitalize country otherwise all of this would only an expectation and become a dreams because as long as the digital investment system could not be legalized and regulate to operate all over the globe.

[nickwen]

I do not think Bitcoin will have a future in India. Although India is a big country, the Indian government is conservative and has no broad vision. Even if Bitcoin is accepted in India, I think the Indian government will strictly manage Bitcoin.

[_Legendary_]

India is the world's second largest country, with more than 1.2 billion Indians is a strategic market for bitcoin, I hope that the Indian government gives freedom and legalize bitcoin so it can make its people improve their life and economy.

[Kingsingle]

The MOF is currently banned in India, so it is more difficult to accept the MOF in this country. In my opinion, the Indian government should analyze the points that the MOF has brought. That would be better for many Indians.

[2beAmillionaire]

In my own opinion,bitcoin will have a good and brighter future in India country. Their governments,time will come that they will realize the true benefits of Indian people with the bitcoin. They will totally accept the bitcoin in their country,and it will be legalized on entire country.   

[casternetwork]

If the government and the people of India accept Bitcoin, then I believe that Bitcoin will have a future in India because it is a highly developed country. I hope that Bitcoin will become the main currency of India

[necessary]

So why is it important if bitcoin is banned? Even if the "forbidden" people in India can buy passwords because the government forbids bitcoins in a country that does not change the fact that they are encrypted in these countries.