crypto currency ban in india

[Kathleen Gomess]

We are just hearing this: Cryptocurrency exchanges across India are preparing for the approaching RBI ban. RBI on April 6 banned all banks and regulated authorities from having business relations with firms that deal with cryptocurrency. The exchange also said that: Our present intention is to allow crypto-INR pairs to trade even after our bank accounts shutdown.

[waqasanwar95]

its not shocking news now because this is going from many time some time they block and some time they not they are playing and wanna sucking peoples

[Cynthia Andradee]

They have not said cryptocurrency is illegal, or that it is banned in India, or that you cannot trade in cryptocurrencies in India, and they have not told cryptocurrency exchanges to shut down. They are only scared of it touching the fiat currency, and are worried about money laundering and terrorism financing.

[Chetan04]

Crypto is not banned in India. RBI just pulled banking services from the exchanges. If they do thay, then I think crypto to crypto trading will be there and people might be able to convert their crypro through peer to peer trading.

[Chupacabras]

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 think that people would definitely find a way how they can operate, and how they can learn from cryptocurrencies, but you need to consider your country laws and act according to them.

[jgaspar]

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 consider India as one of the world biggest manufacturers of Bounty Hunters, so if the cryptocurrency will be banned there, I think we all would feel this negative effect of that.

[shivakumar D S]

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 consider India as one of the world biggest manufacturers of Bounty Hunters, so if the cryptocurrency will be banned there, I think we all would feel this negative effect of that.

i think their is no positive or negative effect will happen
if in case of crypto currency has banned in india means surely we have another way to withdrawl

[shivakumar D S]

It is true that Indian government wants to be more cautious about bitcoin transaction. But they never said that they will ban it. Still, they ban it in India you can withdraw from other country's account.

As per experts openion
              the RBI told that allow of crypto currency in banks has been banned  and RBI didn't  mentioned that           
               exchange of crypto curreny will banned in india or its indian users

[hemendrachauhan19]

Yes initially RBI sent a regulation to all the banks to not to deal with any entity which deals in crypto in any sense. But after then a lot has happened, and as per the latest news, a regulation has been implemented regarding crypto and by fortnight of july they'll release it in press and media. Let's wait and see what it brings in, hopefully something positive.

[maxy1999]

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 

they announced that bank must not support the cryptocurrency not banned

[shivakumar D S]

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 

they announced that bank must not support the cryptocurrency not banned

till now its is not banned
 and RBI have istructed to all indian bank  not to accept the crypto currency
and it has given a dead line to exchange or withdrawl currency in banks till 5th july

[btc78]

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 read this couple of times now,but i dont remember the thread though i know is is a serious matter,if youre country totally banned the cryptocurrency i think this will leave you no option but to migrate in other country to make business about this community .thats the sad reality mate

[chillitabit]

We are just hearing this: Cryptocurrency exchanges across India are preparing for the approaching RBI ban. RBI on April 6 banned all banks and regulated authorities from having business relations with firms that deal with cryptocurrency. The exchange also said that: Our present intention is to allow crypto-INR pairs to trade even after our bank accounts shutdown.

in countries like India and China it's one day they're issuing state backed crypto and second day they're shutting down the exchanges. They have obviously issues with themselves...

[shivakumar D S]

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 

they announced that bank must not support the cryptocurrency not banned

pls try to make correct sentence
 it is not banned till it is hering in suprem court  

properly learn tenses

[nagendra1976]

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 

they announced that bank must not support the cryptocurrency not banned

till now its is not banned
 and RBI have istructed to all indian bank  not to accept the crypto currency
and it has given a dead line to exchange or withdrawl currency in banks till 5th july

great

it is not great
it is all about information gatthring pls read the news before adding the posts

[maxy1999]

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 

they announced that bank must not support the cryptocurrency not banned

pls try to make correct sentence
 it is not banned till it is hering in suprem court  

properly learn tenses

who is ur english teacher
who the hell thought u the spelling ("hering","suprem")
  !!!!!

[bitterdog]

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 just read that news and its true that India has banned the bitcoin, maybe you could withdraw your assets into a fiat right now.

[Chetan04]

The last date is 5th of July and lets see what RBI going to do. Just wait and watch.

[hasmukh_rawal]

I am sick of the Indian government right now. I am from India but I am sick of their stupid rules and regulations. Underestimating the new technology is what keeping India behind all the other developed countries. I wish the Indian government could be like the one in Japan. Japan is so developed right now. I feel so motivated when I see how the country implements new technology to eliminate problems and implement new methods to grow their already developed country.

[crypto.joy]

I am sick of the Indian government right now. I am from India but I am sick of their stupid rules and regulations. Underestimating the new technology is what keeping India behind all the other developed countries. I wish the Indian government could be like the one in Japan. Japan is so developed right now. I feel so motivated when I see how the country implements new technology to eliminate problems and implement new methods to grow their already developed country.
[/quote

Every rules and regulation of their country is for their safe and i am not telling that u r wrong and  many peoples dont know that "what is cryptocurrency or bit coin" then how indian goverment allow this
india is developing country

and RBI told that accept of crypto currency in banks are banned and not allowed but its is never instructed to pepoles or its users to not exchange or trade the currency or bitcoin