INDIA KEEPS BAN IN PLACE,ANY THOUGHTS?

[yurekaa]

I hope that does not happen. and the Indian government may withdraw its policy on crypto bans. because the policy will harm them. users of crypto aka continue to grow in that country so that the rule will not be obeyed.

[1715015295]

1715015295

[1715015295]

1715015295

[1715015295]

1715015295

[tamradhwaj]

Trade is not a criminal offence. Most of us trade in various asset classes in the stock market. So how is this [cryptocurrency trading] any different? What has to be in place is a mechanism to be sure that the money used is not illegal money, and to track its source is the most important thing.

[automaticmoney]

by this year end we may see positive changes in Indian cryptocurrency regulation hope for the positive feedback

[stayeduptolate]

The Reserve Bank of India has got a court backing for its earlier restrictions on providing bank services for those who deal on bitcoin and cryptos,This is a direct disregard to warnings recently issued by experts(to Europeans banks) that banning cryptos will have undesirable consequences.Do you think it will reconsider its stance?

I think this is the matter of controversy and I think that every Indian should be worry about this, though bitcoin is a decentralised crypto currency and no country has the right to ban it completely, they can only ban people from using national exchanges and bitcoin will be banned completely in only one case and that is when all the countries in the world will ban it and we all know that it is next to impossible so one need not to worry that much about this ban but there could be some amendments for sure shot.

[thevlox]

india bitcoin ban has been a long day.
 I do not think that India will continue to ban technology for a long time.

[A Feeder]

That the india but the RBI of bitcoin the one who banned of that and because of that many people was felt sad, but I hope sooner or in the future they will accept bitcoin to their country because it will give a brighter and fortune life to everyone.

[umar22pk]

I don’t think that India will ban crypto, one hiring is pending in Supreme Court of India regarding Crypt currencies but they didn’t take any decision.
We can hope India will never ban crypto, if they ban then it will be for some period.

[stayeduptolate]

The Reserve Bank of India has got a court backing for its earlier restrictions on providing bank services for those who deal on bitcoin and cryptos,This is a direct disregard to warnings recently issued by experts(to Europeans banks) that banning cryptos will have undesirable consequences.Do you think it will reconsider its stance?

India 🇮🇳 is a developing and very potentiating country and it has illegalised bitcoin in its nation because of its increasing illegal use and therefore they issued a notice in April month that all Indians have to withdraw their money within 3 months from these crypto currencies and then otherwise they will be responsible for the losses and then they illegalised bitcoin but still owning bitcoin is not illegal, we can use international exchanges for transacting bitcoin and there are even assumptions that there could be some amendments in this notice.

[chris.woaks]

India didn't ban crypto currency. RBI did. But, I hope soon they will withdraw their bannd and adopt it.

[Dmitry.Vastov]

The Reserve Bank of India has got a court backing for its earlier restrictions on providing bank services for those who deal on bitcoin and cryptos,This is a direct disregard to warnings recently issued by experts(to Europeans banks) that banning cryptos will have undesirable consequences.Do you think it will reconsider its stance?

We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and specifically the illegal one and after seeing this thing reserve bank of India has put ban on crypto currency as they issued a notice stated that all the crypto users have to withdraw their money from crypto currencies within 3 months and then after that they will be responsible for the loses and then in month of July they has banned every crypto currencies but there are assumptions that there could be some amendments in this notice.