Greenkarki
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July 31, 2018, 07:17:09 PM |
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Bitcoin is not yet announced as legal or illegal in India. RBI informed all Indian exchanges to stop transactions with banks tied up RBI. Indian government is planning to introduce their own crypto currency. So the government will not ban the cryto currency in India. We are expecting a hearing next month. Lets see if that hearing turns positive.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Irvinn
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July 31, 2018, 07:47:34 PM |
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hi......... if in case of crypto currency exchange or use of currency has banned by RBI in india means what is the further steps to withdraw the crypto currency
No, it is most likely that the crypto currency will be legalized in India. Recently, a special commission set up by the Government of India has come to the conclusion that bitcoin can be recognized as a means of payment. This is a crucial decision for the crypto currency in India. Still it is necessary that the government agree with such conclusions and fix them with its decision. |
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AniviaBtc
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July 31, 2018, 07:53:30 PM |
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hi......... if in case of crypto currency exchange or use of currency has banned by RBI in india means what is the further steps to withdraw the crypto currency
Should the Indian government be able to compete with other countries in the world Cryptocurrency, because I think the Indian state will lose if it should prohibit Bitcoin. many ways to make money withdrawal, just search on google! you will surely find it. so no need to worry about the incident and I hope everything can be in good condition. The news about this Banned on Crypto currency in India put Bitcoin again in the mainstream media, its all over the news, But i think, this issue had turn positive to crypto market, India Supreme Court still hearing this issue Crytpo currency vs. RBI. will just wait for an update about this news from India. |
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fordrenok
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July 31, 2018, 07:53:56 PM |
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Indians do trade extensively on international exchanges and will continue to do so even if the RBI cuts off their link to the fiat currency since it has not banned people from trading one cryptocurrency for another.The exchanges and other cryptocurrency businesses now have to find a way around using the services of Indian banks. They will have the option of dealing in cash, for example. Things have been made harder, not outlawed.
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Hendrahendri
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July 31, 2018, 10:45:57 PM |
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it is the same as the case in Indonesia the Indonesian government does not prohibit bitcoin, which prohibits bitcoin in Indonesia just BI (bank indonesia).
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dante golo
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August 01, 2018, 03:59:20 AM |
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If a country starts to ban the existence of crypto it will make traders become worried when investing in the future but if they are still persistent to earn income by utilizing the existence of crypto ask for help friends to withdraw funds including appropriate steps to avoid sanctions.
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equal2detask123
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August 03, 2018, 05:20:00 AM |
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india will not gonna ban crypto bcz india gaining hge profit from crypto but centeral bank trying to ban crypto in india but the bank customer will not use bank account if rbi ban crypto.
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MattLeBlanc
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August 03, 2018, 05:23:54 AM |
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As far as I have read, RBI didnt ban the cryptocurrencies, rather they told banks to suspend exchange accounts. Its called as a carpet ban but not literally.
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billbear
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August 03, 2018, 07:55:46 AM |
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hi......... if in case of crypto currency exchange or use of currency has banned by RBI in india means what is the further steps to withdraw the crypto currency
I have already heard that they made a decision to revert that ban, it is both sides funny and giving a hope. Because if India decides that bitcoin is worthy of allowance, maybe other countries will decide the same. |
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bright4mech
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August 03, 2018, 08:14:55 AM |
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Bitcoin is a Crypto currency that is highly acceptable to any country, base on that, the India ban, it we not make it to stopped, rather to let everyone know that bitcoin is real business, which always has challenged to success, base on that, Change location to nearby country.
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Satish147
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August 03, 2018, 08:50:05 AM |
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If only bank of india banned cryptocurrency and not the government, maybe it is not totally a real problem of cryptocurrency business, and I'm sure there is a future solution on that certain issue. And this is not the first time I heard about issues of banning about cryptocurrency, some issue of banning is a total banned by government but it has already resolved by the management of cryptocurrency business.
As of now in India even though banks are stopped supporting exchanges which are dealing with cryptocurrencies but exchanges are tried to solve the problem in a innovative way by introducing peer to peer transactions where individuals can transfer the money to others with the help of exchange with escrow facility. Recently Koinex introduced its Koinex loop for Peer to peer trading And Wazirx also launched peer to peer trading with open order book facility. Huobi is also planning to launch P2P in near future in India. |
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suchi2591
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August 03, 2018, 09:43:04 AM |
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As per the latest articles on local news paper, india may regulate crypto in few upcoming months but nothing can be say.
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marcosfx
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August 04, 2018, 12:51:58 PM |
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I don;t you fully understand that this ban just don't allow merchants in India to use bitcoin in official trasactions. But citizens there will still be able to have their bitcoins used. Maybe use them for online stores or for trading. This ban just limits how the bitcoins will be used in India.
I agree with you it's no matter to have any panic about the situation. People are very smart and I can find a way to use crypto. |
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carlisle1
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August 04, 2018, 01:18:48 PM |
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hi......... if in case of crypto currency exchange or use of currency has banned by RBI in india means what is the further steps to withdraw the crypto currency
I guess you feel better now OP since Indian governments has a good move towards cryptocurrency,i have read some thread here about this and believe that on the process of making policy for the crypto to be open again in india I suppose. |
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Dudeperfect
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August 04, 2018, 01:50:33 PM |
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There is nothing to worry about it as we are free to use/trade cryptocurrencies and there is no existing law preventing us from doing so. As of now, the central bank has instructed banks to stop giving services to companies involved in the cryptocurrency exchange businesses. As the individual user, we can trade in cryptocurrencies even using our bank accounts (and platforms like localbitcoins to make the process secure and convenient).
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finlandais
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August 04, 2018, 02:05:24 PM |
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It is not ban in india ,still it is legal but the exact decision is still pending.It is expected that in september it will be decided that whether it will remain legal in india or not.But till that RBI has stopped the services of all cryptocurrency companies till further orders.Till that investors from india has to wait .They should not panic rather have faith in it.People can use peer to peer transaction if any such facility is avaliable till no proper action is taken.
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sensimilia
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August 04, 2018, 05:33:28 PM |
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hi......... if in case of crypto currency exchange or use of currency has banned by RBI in india means what is the further steps to withdraw the crypto currency
Probably you will be able to withdraw your crypto currency using some anonymizers, or VPN. Because I don't see the opportunity for a government to prevent all the attempts so quickly. |
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CryptoGamblingSites
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August 05, 2018, 06:07:59 AM |
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BISQ takes 80% of payment methods available almost anywhere in the world. Decentralized exchanges will be normal soon.
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Bitcoin Poker, Casino, BTC Sports Betting | Ethereum, Altcoin, Bitcoin Exchanges at Crypto Gambling Sites |
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I lucy
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October 09, 2018, 10:07:16 PM |
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INDIAN govt or RBI never said that Crypto currency is ban in India
it has told that the bank never accept btc or other crypto currency
but till court hearing it is not illegeal but some peoples who dont know correct information making rumeos
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mklost
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October 09, 2018, 10:12:22 PM |
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Cryptocurrency is not banned yet in India, but there is a big possibility to ban. If somehow, India bans cryptocurrency then you will get time to withdraw your currencies, Exchangers will inform you what to do! Zebpay (Maybe I spelled wrong) one of the biggest Indian crypto Exchanges stopped their exchange service permanently and they gave time to withdraw user's coins, your exchange will do the same. So, do not worry rather pray for crypto future in India.
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