Bitcoin future in India

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The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

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[KMattox]

don't worry. India will remove the ban soon.
When the Central Bank and the Government will understand that Bitcoin is so important they will remove the BAN promptly.

[adpinbr]

don't worry. India will remove the ban soon.
When the Central Bank and the Government will understand that Bitcoin is so important they will remove the BAN promptly.

But how sure are you that they'll remove it though, sadly they can hold the ban whenever they want it, hopefully that the Government of India would be convinced to remove the BAN, its not a huge effect if they have banned it in India, though India can be one of the greatest potentials, India is a country that I am sure will be a big help through their economical status right now.

[tylerderden]

The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

The people can also sell their bitcoins for PayPal and on localbitcoins too, it's pretty easy but exchanges as a medium between buyer and seller is a pretty good idea and I hope it succeed in the future as a lot of people in the forum are Indians and also a lot of bitcoin users are also Indians. But the hearing in the court is due till next date so still there is a small hope of bitcoin becoming legal in India but only if the court lifts the ban after the next hearing which it probably would.

[GeorgiyBilyk]

In India there is a very large number of programmers, new projects are constantly appearing there! I'm sure that india is one of the leading countries in the crypto market system! A lot of people and countries were against the crypto market, and now they have changed their minds! India will soon realize that the entire crypto market system is the future. All countries that have chosen the way in the development of the crypto market, these countries will be in the future with a very strong economy!

[alexgreen8012]

No need to worry. India will remove the ban soon.
RBi is working on regulating crypto in india.

[Findingnemo]

The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

All the people in the country trusted bit kindly a lot more much about their normal country currency is because the value will say Becca and will be very positive and a powerful comparing to other normal currency many of the people will had made a lot of money in it so my will pinion is be positive with your investment the valuable definitely grow up again.

[mahibul49]

india cant denny bitcoin bcz bitcoin is an essential mpart of indias economy and india gaining huge amount of money by trading this.
soon a solution will come.

[doraemon_33766]

Well, I have seen that news. But I think there is nothing to worry much as this is not banned yet. The restriction will be taken over soon hopefully and for the time being a way have been found out to trade. So, I am not much bothered. 

[mkmittalg]

The future of Bitcoin in India - The Government of India has not accepted the crypto currency as valid currency. If government accept this currency then currency"s future will be bright.

[pooya87]

The future of Bitcoin in India - The Government of India has not accepted the crypto currency as valid currency. If government accept this currency then currency"s future will be bright.

it is true that when a government accepts bitcoin as a currency that helps build the future of it since it "paves the way" for adoption. but the opposite of it is not going to "cancel" the adoption! for example if a government bans bitcoin (which is the ultimate thing they can do whereas in India the bank is just causing some troubles) it will only slow down the adoption of bitcoin. and that's the beauty of a decentralized and censorship resistance currency.

[genuin]

India is just a fraction of the market of all the outstanding bitcoin.
The impact of what India does will not make much difference to bitcoin.
You should be afraid if this sort of thing happens in china

[wilburwilbur]

Well this trading platforms are currently on investigation (according to news) there are some anomalies at those trading platforms so the indian government decided to ban it temporarily or the better word is to restrict indians to trade on cryptocurrencies for a while
Meanwhile the locals are strongly supporting bitcoin and alt coin tradings because of it's effeciency and profitability

[mitakatu]

Bitcoin in India is extremely difficult to adopt, very strict about Bitcoin regulations, I'm sure India is one of the leading countries in the crypto market! A lot of people and countries have been fighting the cryptographic market, and now they have changed their minds!

[BitcoinNewbie15]

The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?

This will only have an effect on the crypto market in the short term. India is on the wrong side of history on this one. The adoption of crypto will continue and they will fall very far behind in this space. This will be a huge industry (hint: it already is and will continue to grow) and India restricting trading like this is just plain dumb. They will soon learn that they are wrong here and will likely reverse their policies.

India is just a fraction of the market of all the outstanding bitcoin.
The impact of what India does will not make much difference to bitcoin.
You should be afraid if this sort of thing happens in china

This has a larger potential effect on the market besides India's trading activity. This restriction also affects speculation, which is the driving factor in Bitcoins price. This is negative news which will cause speculators to react...

[Gaurav11kb]

Hopefully they'll see that it is no threat to economy and remove the ban. Even if they don't, then there would be other methods available to buy/sell bitcoin in India like p2p. People are enthusiastic about Crypto and Bitcoin and they'll keep investing and believing in it even if the government doesn't.

[pxo.011]

it has if its news about crypto even it is a fud because people always scared and not taking the risk they will suffer panic selling of bitcoin and because of that bitcoin will dump slowly but it has an affects to all crypto community and trading.

[Nerman]

Using P2P I think will not have that have much impact on the market, just a minor positive. I do not know for sure but I think they will lift the Ban and instead they will put in more regulations. This is a win win situation for crypto traders and the Indian government. This is another way for their government to earn more money.

[ahhmad]

no need to worry even if india bans crypto there are many options available.

[happistarjp]

Well, the crypto ban is still up in India and I think it's gonna go for a while. But let's just hope that they will remove the ban and allow cryptocurrencies to be regulated in their country.