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Author Topic: INDIA KEEPS BAN IN PLACE,ANY THOUGHTS?  (Read 414 times)
itssawai
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July 29, 2018, 08:39:01 AM
 #61

Indian Govt itself didn't ban cryptocurrencies but RBI banned all crypto transactions with banks using INR but this can't stop people using cryptocurrencies. They can use p2p exchanges or foreign exchanges. They can exchange goods for crypto. Indian govt acknowledge this and they are planning to make some regulations for cryptocurrencies, they could treat them as commodities.

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July 29, 2018, 09:19:54 AM
 #62

First of all its the Reserve bank of India that has banned the crypto currencies and not India. Still cryptocurrencies can be openly sold, bought and traded in India, its not illegal. The next hearing on cryptocurrencies ban by RBI in court is on 11th September. The results are expected to be in the favor of crypto supporters as crypto regulation committee of India is now coming into play and stating the importance of digital assets and the technology behind them. Still we can cash in and out of crypto easily as exchanges in India are now offering peer to peer transactions. Some of such exchanges are Wazirx, koinex, etc.

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July 29, 2018, 10:01:15 AM
 #63

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.

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July 29, 2018, 05:45:25 PM
 #64

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.
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July 29, 2018, 05:50:44 PM
 #65

by this year end we may see positive changes in Indian cryptocurrency regulation hope for the positive feedback
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July 30, 2018, 04:19:18 PM
 #66

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.

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August 18, 2018, 03:15:12 PM
 #67

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

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September 22, 2018, 03:54:33 PM
 #68

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.

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September 22, 2018, 04:09:44 PM
 #69

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.

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Today at 12:15:40 PM
 #70

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.

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