Future of Bitcoin in India

[ngm22585]

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

India would benefit tremendously, especially given the amount of graft and corruption in that particular country.

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[gesdan]

as long people in India can use bitcoin 100% its okay when they should pay the tax or makes the bitcoin under government regulation, we should know that bitcoin never die even the government doesn't agree with bitcoin anymore

[bryant.coleman]

Being a regular visitor to India, I don't have any hope for the legalization of the digital currency there. The previous governor of the RBI was staunchly against Bitcoin. When he was replaced, I was thinking that things would get better. But his replacement seems to be even worse.

[tiktak89]

This is simply an obstacle to the development and improvement of the country by the authorities. I do not think that bitcoin technology can disrupt the state structure or somehow harm the country.

[seramania]

the future of bitcoin in india depends on the government's decision only a matter of agreeing or not from the government. if the government approves the use of bitcoin it will have a good effect on bitcoin in India and it will still continue for better results for bitcoin.

[Glutius]

Here, unfortunately, there are few options. If India prohibits any functioning of cryptocurrencies and bitcoin on its territory, then the inhabitants of the country will not have a chance to take advantage of all the advantages of this technology. And I do not think that this is the right decision on the part of the authorities.

[kissme09]

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

India is still trying to issue bans on Bitcoin and Crypto. Bitcoin's future depends on the extent of its influence on the government, if its influence is growing, I'm sure Bitcoin will accept by the Indian government and Bitcoin's future will grow.

[bigbosma]

I upset such state prohibitions on bitcoin. Because most often they are not justified, and I believe that the government simply acts in its own interests, because bitcoin can make the economy more transparent.

[tikaka]

Bitcoin will not be able to get a good future in India because the Indian government bans it. Of course, the ban may be broken in the future. Wait for the development of bitcoin and how will the countries that accept bitcoin affect the government of India? To bring a brighter future for bitcoin in Ấn Độ

[Arhaan10]

India is one of the big economy in south Asia. If bitcoin have become popular in India, neighboring country Bangladesh and Nepal will understand the necessity of it. So they will legalize it in their country.

[Epimetheus]

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

In India future of bitcoin does look good. In the month of April 2018 reserve Bank of India ban bitcoin trading in India. According to RBI no bitcoin sites like zebpay, koniex, unocoin can not exchange any bitcoin with any any indian bank. According to Indian government bitcoin is not a legal trader. But you can do mining and other bitcoin related things  in India.  indian people can do signature campaign job or other bitcoin related job and they can convert their bitcoin into any other international currency by the help other sites. So according to recent data in India bitcoin has not a good future.

[cxmyifan16]

I think that more and more countries will accept crypto and India won't be an exception. I am waiting for the exception of btc because it is my favorite coin and i am keeping some of them

[Serious Miner]

A huge number of Indian people has been adopting bitcoin for a long time they know the importance of cryptocurrency which will bring them huge profits in return. Cryptocurrency has a great future in India though its government banned bitcoin but still a decent total of people busy with cryptocurrency.

[max fray]

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

As far as I know, bitcoin and crypto exchanges are currently banned in India. At the same time, the Indian government is analyzing the practices of leading European countries with respect to regulation of crypto. I think that's a good sign, which may eventually lead to liberalization of the laws related to cryptocurrencies, thus improving the life of millions of people.

[lamthanh3462342]

I think it will be legalized and developed in the future not only in India but also in many other countries. As the modern industry grows, the need for time is needed, and Bitcoin will tackle this problem in fast paced settlement thanks to Blockchain technology.

[Anatoly339102]

I don't think there's a government in the world that can stop bitcoin. China, Korea and many other countries are trying to influence the crypto world, India too. But btc will live, and the government can't do anything with him

[aryaadikariyansyahsuwarto]

still always think positively for bitcoin there. as long as the bitcoin lovers there still have a positive impact, bitcoin will continue to live there. But if bitcoin is misused there, the worst can happen ... !!

[Yamifoud]

still always think positively for bitcoin there. as long as the bitcoin lovers there still have a positive impact, bitcoin will continue to live there. But if bitcoin is misused there, the worst can happen ... !!

No, it is not just like that. It will work if there is a huge participation of the community but India isn't that civilize country and for sure people won't prioritize such investment rather than of their daily needs. People in their have its limited access on internet and it could be a big help if they have knowledge about this(crypto). 

[SandraStark]

I saw information that Indian government is considering launching its own cryptocurrency and that the executive director of the Reserve Bank of India at a recent conference stressed that the agency is not planning to consider Bitcoin as the national cryptocurrency. Officials are not sure about the reliability of Bitcoin as a currency, and reports about the use of digital coins for money laundering and terrorist financing cast a shadow on the reputation of the first cryptocurrency. Bitcoin is also viewed with suspicion because it is not regulated within the framework of the monetary policy of the government of any country, and its price is subject to considerable fluctuations. So I think everything will be limited to the launch of its cryptocurrency. And as for me, these are worthy decisions at the level of the government, while other states are not at all ready to accept cryptocurrency ... 

[Agatha-Akina]

As you know, India I=is under many that government regulate many limitation to control them significantly . However , I have strong belief that India will be a potential country in which bitcoin will develop considerately